GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Premier Group Ltd (JSE:PMR) » Definitions » Interest Expense

Premier Group (JSE:PMR) Interest Expense : R-289 Mil (TTM As of Sep. 2024)


View and export this data going back to 2023. Start your Free Trial

What is Premier Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Premier Group's interest expense for the six months ended in Sep. 2024 was R -141 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was R-289 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. Premier Group's Operating Income for the six months ended in Sep. 2024 was R 945 Mil. Premier Group's Interest Expense for the six months ended in Sep. 2024 was R -141 Mil. Premier Group's Interest Coverage for the quarter that ended in Sep. 2024 was 6.69. 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.


Premier Group Interest Expense Historical Data

The historical data trend for Premier 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.

Premier Group Interest Expense Chart

Premier Group Annual Data
Trend Mar23 Mar24
Interest Expense
-286.70 -327.56

Premier Group Semi-Annual Data
Mar23 Sep23 Mar24 Sep24
Interest Expense - -180.20 -147.36 -141.14

Premier 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-289 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.


Premier Group  (JSE:PMR) 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.

Premier Group's Interest Expense for the six months ended in Sep. 2024 was R-141 Mil. Its Operating Income for the six months ended in Sep. 2024 was R945 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2024 was R2,491 Mil.

Premier 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*944.822/-141.143
=6.69

* 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.


Premier Group Business Description

Traded in Other Exchanges
N/A
Address
Maxwell Office Park, Building 5, Magwa Crescent West, Isando, ZAF, 1600
Premier Group Ltd is engaged in the manufacturing and distribution of staple milling and baking products, confectionery and home and personal care (HPC) products. The company is organized into two segments Millbake and Groceries and International. It derives maximum revenue from Millbake segment.

Premier Group Headlines

No Headlines