Purple Group (JSE:PPE) Interest Expense : R-0.8 Mil (TTM As of Feb. 2024)

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What is Purple Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Purple Group's interest expense for the six months ended in Feb. 2024 was R -0.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was R-0.8 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. Purple Group's Operating Income for the six months ended in Feb. 2024 was R 15.5 Mil. Purple Group's Interest Expense for the six months ended in Feb. 2024 was R -0.6 Mil. Purple Group's Interest Coverage for the quarter that ended in Feb. 2024 was 27.59. 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.

Purple Group Interest Expense Historical Data

The historical data trend for Purple 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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Purple Group Interest Expense Chart

Purple Group Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Interest Expense

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-7.29

-9.02

-7.85

-2.17

-1.31

Purple Group Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Interest Expense	Get a 7-Day Free Trial															-1.15	-1.02	-1.07	-0.24	-0.56

Purple 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 Feb. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was R-0.8 Mil.

Purple Group (JSE:PPE) 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.

Purple Group's Interest Expense for the six months ended in Feb. 2024 was R-0.6 Mil. Its Operating Income for the six months ended in Feb. 2024 was R15.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Feb. 2024 was R0.0 Mil.

Purple Group's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Feb. 2024 )	/	Interest Expense (Q: Feb. 2024 )
	=	-1	*	15.506	/	-0.562
	=	27.59

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

Purple Group (JSE:PPE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Purple Group Ltd (JSE:PPE) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

173 Oxford Road, WeWork - Coworking & Office Space1F, Rosebank, Johannesburg, GT, ZAF, 2196

Website

https://www.purplegroup.co.za

Purple Group Ltd operates as a financial services company, which engages in derivatives trading and asset management. It operates its business through the following segments: GT247.com and Emperor Asset Management (EAM); EasyEquities Group and Head Office and Investments. The GT247.com and EAM segment involves trading and asset management operations. The EasyEquities segment is the web-based investment platform of the Group and includes EasyProperties, EasyCrypto, and RISE. The Head Office and Investments represent fees and dividends earned on investments and fair value adjustments made against them, as well as head office costs.

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