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Mr Price Group (JSE:MRP) Interest Expense : R-817 Mil (TTM As of Sep. 2024)


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What is Mr Price Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mr Price Group's interest expense for the six months ended in Sep. 2024 was R -404 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was R-817 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. Mr Price Group's Operating Income for the six months ended in Sep. 2024 was R 1,768 Mil. Mr Price Group's Interest Expense for the six months ended in Sep. 2024 was R -404 Mil. Mr Price Group's Interest Coverage for the quarter that ended in Sep. 2024 was 4.38. 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.

Mr Price Group Interest Expense Historical Data

The historical data trend for Mr Price 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.

* Premium members only.

Mr Price Group Interest Expense Chart

Mr Price Group Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -456.00 -477.00 -541.00 -702.00 -806.00

Mr Price Group 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -307.00 -395.00 -393.00 -413.00 -404.00

Mr Price 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 Sep. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was R-817 Mil.

* 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.

Mr Price Group  (JSE:MRP) Interest Expense Explanation

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. The higher, the better.

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

Mr Price Group's Interest Expense for the six months ended in Sep. 2024 was R-404 Mil. Its Operating Income for the six months ended in Sep. 2024 was R1,768 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2024 was R6,228 Mil.

Mr Price Group'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*1768/-404
=4.38

* 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.

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

Mr Price Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Mr Price Group Ltd (JSE:MRP) » Definitions » Interest Expense
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Traded in Other Exchanges
MRPLY:USA M5M1:Germany
Address
65 Masabalala Yengwa Avenue, Upper Level Durban Station Complex, Stamford Hill, North Concourse, Durban, NL, ZAF, 4001
Website
https://www.mrpricegroup.com
Mr Price Group Ltd is a retailer that sells proprietary-branded apparel and home goods through more than a thousand stores and online channels. It operates almost exclusively in Africa, with the vast majority of sales coming from South Africa. The company's segment involves: Apparel segment; Homeware segment; Financial Services segment; Telecoms segment; and Central Services segment. It derives maximum revenue from Apparel Segment.

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