Sappi (JSE:SAP) Interest Expense : R-1,912 Mil (TTM As of Sep. 2024)

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What is Sappi Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sappi's interest expense for the three months ended in Sep. 2024 was R -440 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was R-1,912 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. Sappi's Operating Income for the three months ended in Sep. 2024 was R 2,164 Mil. Sappi's Interest Expense for the three months ended in Sep. 2024 was R -440 Mil. Sappi's Interest Coverage for the quarter that ended in Sep. 2024 was 4.92. 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.

Sappi Interest Expense Historical Data

The historical data trend for Sappi'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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Sappi Interest Expense Chart

Sappi Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Interest Expense

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-1,556.25

-1,634.23

-1,900.62

-2,029.33

-1,829.86

Sappi Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-531.04	-484.45	-471.20	-516.02	-439.87

Sappi 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 quarterly data reported by the company within the most recent 12 months, which was R-1,912 Mil.

Sappi (JSE:SAP) 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.

Sappi's Interest Expense for the three months ended in Sep. 2024 was R-440 Mil. Its Operating Income for the three months ended in Sep. 2024 was R2,164 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was R28,345 Mil.

Sappi'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	*	2164.16	/	-439.87
	=	4.92

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

Sappi Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Sappi Ltd (JSE:SAP) » Definitions » Interest Expense

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Traded in Other Exchanges

SPPJY:USA SPI:Germany

Address

108 Oxford Road, Rosebank, Houghton Estate, Johannesburg, GT, ZAF, 2198

Website

https://www.sappi.com

Sappi Ltd produces and sells a variety of paper and paper-related products. The products and services include Dissolving pulp, Graphic papers, Packaging and speciality papers, Casting and release papers, Biomaterials and Bio-energy. The company organizes itself into three primary segments based on geography: North America, Europe, and Southern Africa. More of the revenue comes from Europe than any other geography.