Master Drilling Group (JSE:MDI) Interest Expense : R-62 Mil (TTM As of Dec. 2023)

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What is Master Drilling Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Master Drilling Group's interest expense for the six months ended in Dec. 2023 was R 0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was R-62 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. Master Drilling Group's Operating Income for the six months ended in Dec. 2023 was R 0 Mil. Master Drilling Group's Interest Expense for the six months ended in Dec. 2023 was R 0 Mil. GuruFocus does not calculate Master Drilling Group's interest coverage with the available data. 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.

Master Drilling Group Interest Expense Historical Data

The historical data trend for Master Drilling Group'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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Master Drilling Group Interest Expense Chart

Master Drilling Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-66.28

-43.59

-40.65

-77.24

-108.16

Master Drilling Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-23.20	-13.73	-62.26	-	-

Master Drilling Group 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was R-62 Mil.

Master Drilling Group (JSE:MDI) 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.

Master Drilling Group's Interest Expense for the six months ended in Dec. 2023 was R0 Mil. Its Operating Income for the six months ended in Dec. 2023 was R0 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was R832 Mil.

Master Drilling Group's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

GuruFocus does not calculate Master Drilling Group's interest coverage with the available data.

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

Master Drilling Group (JSE:MDI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Master Drilling Group Ltd (JSE:MDI) » Definitions » Interest Expense

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Address

4 Bosman Street, PO Box 902, Fochville, GT, ZAF, 2515

Website

https://www.masterdrilling.com

Master Drilling Group Ltd is a drilling services company. It offers drilling services to mid-tier and junior mining companies across a range of commodities and resources. The company comprises of two main operational sub-groups - South African operations and international operations. Its services offering include Raiseboring, Boxhole borning, Exploration drilling, and value-added services. Geographically, the company generates a majority share of its revenue from Africa and America.

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