Mantengu Mining (JSE:MTU) Interest Expense : R-0.2 Mil (TTM As of Aug. 2024)

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What is Mantengu Mining Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mantengu Mining's interest expense for the six months ended in Aug. 2024 was R -0.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Aug. 2024 was R-0.2 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. Mantengu Mining's Operating Income for the six months ended in Aug. 2024 was R 23.9 Mil. Mantengu Mining's Interest Expense for the six months ended in Aug. 2024 was R -0.9 Mil. Mantengu Mining's Interest Coverage for the quarter that ended in Aug. 2024 was 25.93. 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.

Mantengu Mining Interest Expense Historical Data

The historical data trend for Mantengu Mining'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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Mantengu Mining Interest Expense Chart

Mantengu Mining Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Interest Expense

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-2.93

-2.64

-0.04

-0.50

-1.34

Mantengu Mining Semi-Annual Data
	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24
Interest Expense	Get a 7-Day Free Trial															-2.42	1.92	-2.04	0.70	-0.92

Mantengu Mining 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 Aug. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was R-0.2 Mil.

Mantengu Mining (JSE:MTU) 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.

Mantengu Mining's Interest Expense for the six months ended in Aug. 2024 was R-0.9 Mil. Its Operating Income for the six months ended in Aug. 2024 was R23.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Aug. 2024 was R7.8 Mil.

Mantengu Mining's Interest Coverage for the quarter that ended in Aug. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Aug. 2024 )	/	Interest Expense (Q: Aug. 2024 )
	=	-1	*	23.88	/	-0.921
	=	25.93

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

Mantengu Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mantengu Mining Ltd (JSE:MTU) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

5 Saint Michaels Lane, Bryanston, Sandton, Johannesburg, ZAF, 2021

Website

https://www.mantengu.com

Mantengu Mining Ltd operates as a mining investment company. The company is engaged in the process of transforming into a Mining, Mining Services, and Energy company. The project of the company comprises of Langpan project.

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