Italtile (JSE:ITE) Interest Expense : R-87 Mil (TTM As of Jun. 2024)

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What is Italtile Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Italtile's interest expense for the six months ended in Jun. 2024 was R -46 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was R-87 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. Italtile's Operating Income for the six months ended in Jun. 2024 was R 927 Mil. Italtile's Interest Expense for the six months ended in Jun. 2024 was R -46 Mil. Italtile's Interest Coverage for the quarter that ended in Jun. 2024 was 20.15. 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.

Italtile Interest Expense Historical Data

The historical data trend for Italtile'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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Italtile Interest Expense Chart

Italtile Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Interest Expense

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-81.00

-59.00

-63.00

-82.00

-87.00

Italtile Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial															-35.00	-38.00	-44.00	-41.00	-46.00

Italtile 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was R-87 Mil.

Italtile (JSE:ITE) 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.

Italtile's Interest Expense for the six months ended in Jun. 2024 was R-46 Mil. Its Operating Income for the six months ended in Jun. 2024 was R927 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was R420 Mil.

Italtile's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	927	/	-46
	=	20.15

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

Italtile Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Italtile Ltd (JSE:ITE) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

Corner William Nicol Drive and Peter Place, The Italtile Building, Bryanston, Johannesburg, GT, ZAF, 2021

Website

https://www.italtile.com

Italtile Ltd is a South Africa-based retailer of imported and local ceramic tiles, bathroom accessories, and related products. Its core business segments into five areas: retail, franchising, properties, manufacturing, and supply and support services. The company's four brands - Italtile, CTM, topT, and U-Light -provide tiles, bath fixtures, home finishing products, lighting, and other accessories. Its manufacturing includes the production of tiles, sanitaryware, baths, adhesive and related products. Italtile derives the majority of its pretax profit from South Africa, predominantly from its retail segment and secondarily from its manufacturing operations.

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