Motus Holdings (JSE:MTH) Interest Expense : R-2,259 Mil (TTM As of Jun. 2024)

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What is Motus Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Motus Holdings's interest expense for the six months ended in Jun. 2024 was R -1,101 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was R-2,259 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. Motus Holdings's Operating Income for the six months ended in Jun. 2024 was R 2,486 Mil. Motus Holdings's Interest Expense for the six months ended in Jun. 2024 was R -1,101 Mil. Motus Holdings's Interest Coverage for the quarter that ended in Jun. 2024 was 2.26. 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.

Motus Holdings Interest Expense Historical Data

The historical data trend for Motus 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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Motus Holdings Interest Expense Chart

Motus Holdings Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Interest Expense

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-1,102.00

-666.00

-556.00

-1,390.00

-2,259.00

Motus Holdings Semi-Annual Data
	Jun16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial											-264.00	-499.00	-891.00	-1,158.00	-1,101.00

Motus 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was R-2,259 Mil.

Motus Holdings (JSE:MTH) 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.

Motus Holdings's Interest Expense for the six months ended in Jun. 2024 was R-1,101 Mil. Its Operating Income for the six months ended in Jun. 2024 was R2,486 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was R10,881 Mil.

Motus Holdings'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	*	2486	/	-1101
	=	2.26

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Motus Holdings Ltd interest coverage is 2.26, which is low.

Motus Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Motus Holdings Ltd (JSE:MTH) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Van Buuren Road, Corner Geldenhuis and Van Dort Streets, Bedfordview, GT, ZAF, 2008

Website

https://www.motus.co.za

Motus Holdings Ltd is a non-manufacturing service provider in the automotive sector. It has four business segments namely Import and Distribution; Retail and Rental; Mobility Solutions and Aftermarket Parts, Head Office and Eliminations. The company generates maximum revenue from New motor vehicles. Its Import and Distribution segment includes importer and distributor of passenger, light commercial vehicles (LCVs) and parts to serve a network of dealerships, car rental companies, fleets, and government institutions in South Africa.