Goldrush Holdings (JSE:GRSP) Interest Expense : R-69.9 Mil (TTM As of Sep. 2024)

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What is Goldrush Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Goldrush Holdings's interest expense for the six months ended in Sep. 2024 was R -69.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was R-69.9 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. Goldrush Holdings's Operating Income for the six months ended in Sep. 2024 was R 86.5 Mil. Goldrush Holdings's Interest Expense for the six months ended in Sep. 2024 was R -69.9 Mil. Goldrush Holdings's Interest Coverage for the quarter that ended in Sep. 2024 was 1.24. 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.

Goldrush Holdings Interest Expense Historical Data

The historical data trend for Goldrush Holdings'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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Goldrush Holdings Interest Expense Chart

Goldrush Holdings Annual Data

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Interest Expense

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Goldrush Holdings Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Interest Expense	Get a 7-Day Free Trial															-	-	-	-	-69.92

Goldrush Holdings 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 Sep. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was R-69.9 Mil.

Goldrush Holdings (JSE:GRSP) 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.

Goldrush Holdings's Interest Expense for the six months ended in Sep. 2024 was R-69.9 Mil. Its Operating Income for the six months ended in Sep. 2024 was R86.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2024 was R350.4 Mil.

Goldrush Holdings's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	86.511	/	-69.922
	=	1.24

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

Goldrush Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Goldrush Holdings Ltd (JSE:GRSP) » Definitions » Interest Expense

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Address

50 Bree Street, 1st Floor, The Barracks, Cape Town, WC, ZAF, 8001

Website

https://goldrushholdings.co.za

Goldrush Holdings Ltd formerly RECM and Calibre Ltd is a closed-end investment company making long-term investments. Its investment objective is to make long-term investments for generating high real returns from capital appreciation, and investment income. It operates principally in South Africa. The company's revenue source is from dividends and interests.

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