SAorate Real Estate (JSE:SAC) Interest Expense : R-657 Mil (TTM As of Dec. 2023)

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What is SAorate Real Estate Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. SAorate Real Estate's interest expense for the six months ended in Dec. 2023 was R -381 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was R-657 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. SAorate Real Estate's Operating Income for the six months ended in Dec. 2023 was R 589 Mil. SAorate Real Estate's Interest Expense for the six months ended in Dec. 2023 was R -381 Mil. SAorate Real Estate's Interest Coverage for the quarter that ended in Dec. 2023 was 1.54. 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.

SAorate Real Estate Interest Expense Historical Data

The historical data trend for SAorate Real Estate'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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SAorate Real Estate Interest Expense Chart

SAorate Real Estate Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-503.22

-520.61

-494.11

-508.72

-657.25

SAorate Real Estate Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-247.01	-242.16	-266.56	-275.86	-381.39

SAorate Real Estate 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was R-657 Mil.

SAorate Real Estate (JSE:SAC) 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.

SAorate Real Estate's Interest Expense for the six months ended in Dec. 2023 was R-381 Mil. Its Operating Income for the six months ended in Dec. 2023 was R589 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was R7,523 Mil.

SAorate Real Estate's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	589.075	/	-381.392
	=	1.54

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. SA Corporate Real Estate Ltd interest coverage is 1.79, which is low.

SAorate Real Estate (JSE:SAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » SA Corporate Real Estate Ltd (JSE:SAC) » Definitions » Interest Expense

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Address

Corner Lower Road and West Road South, GreenPark Corner, 16th Floor, Morningside, Johannesburg, GT, ZAF, 2196

Website

https://www.sacorporatefund.co.za

SA Corporate Real Estate Ltd is a real estate investment trust. The company's portfolio includes mostly industrial and retail properties, with the remainder inner-city residential and commercial assets. The properties are mainly located in the metropolitan centres of South Africa, with more than half located in Gauteng, approximately one third in KwaZulu-Natal, and the others in Western Cape and other regions. The company's tenants consist of large national tenants, government tenants and franchisees.

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