Hudaco Industries (JSE:HDC) Interest Expense : R-38 Mil (TTM As of Nov. 2023)

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What is Hudaco Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hudaco Industries's interest expense for the six months ended in Nov. 2023 was R -26 Mil. Its interest expense for the trailing twelve months (TTM) ended in Nov. 2023 was R-38 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. Hudaco Industries's Operating Income for the six months ended in Nov. 2023 was R 605 Mil. Hudaco Industries's Interest Expense for the six months ended in Nov. 2023 was R -26 Mil. Hudaco Industries's Interest Coverage for the quarter that ended in Nov. 2023 was 23.46. 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.

Hudaco Industries Interest Expense Historical Data

The historical data trend for Hudaco Industries'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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Hudaco Industries Interest Expense Chart

Hudaco Industries Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Interest Expense

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-103.00

-34.30

-32.03

-29.29

-37.80

Hudaco Industries Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Interest Expense	Get a 7-Day Free Trial															-17.03	-14.00	-15.29	-12.00	-25.80

Hudaco Industries 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 Nov. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was R-38 Mil.

Hudaco Industries (JSE:HDC) 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.

Hudaco Industries's Interest Expense for the six months ended in Nov. 2023 was R-26 Mil. Its Operating Income for the six months ended in Nov. 2023 was R605 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Nov. 2023 was R1,511 Mil.

Hudaco Industries's Interest Coverage for the quarter that ended in Nov. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Nov. 2023 )	/	Interest Expense (Q: Nov. 2023 )
	=	-1	*	605.129	/	-25.797
	=	23.46

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

Hudaco Industries (JSE:HDC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Hudaco Industries Ltd (JSE:HDC) » Definitions » Interest Expense

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Address

Emerald Boulevard, Greenstone Hill, Building 9, 1st Floor, Greenstone Hill Office Park, Edenvale, GT, ZAF, 1609

Website

http://www.hudaco.co.za

Hudaco Industries Ltd is engaged in importing and distributing branded automotive, industrial and electrical consumable products. The company operates in two business segment such as Consumer-related product segment which includes power tools, security equipment, communication equipment, automotive and batteries, and Engineering consumables segment which consist of bearings, diesel engines and spares, and power transmission. It generates maximum revenue from Consumer-related product segment. Geographically, it derives a majority of revenue from South Africa.

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