Fairvest (JSE:FTA) Interest Expense : R-429 Mil (TTM As of Mar. 2024)

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What is Fairvest Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Fairvest's interest expense for the six months ended in Mar. 2024 was R -208 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was R-429 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Fairvest's Operating Income for the six months ended in Mar. 2024 was R 522 Mil. Fairvest's Interest Expense for the six months ended in Mar. 2024 was R -208 Mil. Fairvest's Interest Coverage for the quarter that ended in Mar. 2024 was 2.50. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Fairvest Interest Expense Historical Data

The historical data trend for Fairvest's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Fairvest Interest Expense Chart

Fairvest Annual Data

Trend

Jun21

Sep23

Interest Expense

-98.80

-448.24

Fairvest Semi-Annual Data
	Jun21	Mar23	Sep23	Mar24
Interest Expense	-	-228.00	-220.24	-208.40

Fairvest Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was R-429 Mil.

Fairvest (JSE:FTA) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Fairvest's Interest Expense for the six months ended in Mar. 2024 was R-208 Mil. Its Operating Income for the six months ended in Mar. 2024 was R522 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was R3,273 Mil.

Fairvest's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	521.574	/	-208.399
	=	2.50

The higher the ratio, the stronger the company's financial strength is.

Fairvest (JSE:FTA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Fairvest Ltd (JSE:FTA) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

FTB:South Africa 2T20:Germany

Address

34 Bree Street, 8th Floor, The Terraces, Cape Town, WC, ZAF, 8001

Website

https://www.fairvest.co.za

Fairvest Ltd is a real estate investment trust investing in the quality retail asset. The fairvest property portfolio consists of properties across South Africa. It has five operating segments Office, Industrial, Retail, Residential & Overhead. The majority is from the Retail segment. Geographically, it is located in South Africa.

Fairvest (JSE:FTA) Headlines

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