Sail Mining Group (JSE:SGP) Interest Expense: R-86 Mil (TTM As of Aug. 2021)


What is Sail Mining Group Interest Expense?

Sail Mining Group JSE:SGP Interest Expense is R-86 Mil as of Aug. 2021.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sail Mining Group's interest expense for the six months ended in Aug. 2021 was R -38 Mil. Its interest expense for the trailing twelve months (TTM) ended in Aug. 2021 was R-86 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. Sail Mining Group's Operating Income for the six months ended in Aug. 2021 was R -294 Mil. Sail Mining Group's Interest Expense for the six months ended in Aug. 2021 was R -38 Mil. Sail Mining Group did not have earnings to cover the interest expense. 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.

Sail Mining Group  (JSE:SGP) 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.

Sail Mining Group's Interest Expense for the six months ended in Aug. 2021 was R-38 Mil. Its Operating Income for the six months ended in Aug. 2021 was R-294 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Aug. 2021 was R105 Mil.

Sail Mining Group's Interest Coverage for the quarter that ended in Aug. 2021 is calculated as

Sail Mining Group did not have earnings to cover the interest expense.

* 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.

Sail Mining Group Interest Expense Historical Data

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The historical data trend for Sail Mining 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.

Sail Mining Group Interest Expense Chart

Sail Mining Group Annual Data
Trend Feb12 Feb13 Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.82 -15.49 -48.07 -35.86 -70.04

Sail Mining Group Semi-Annual Data
Feb12 Aug12 Feb13 Aug13 Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -19.42 -16.44 -21.54 -48.50 -37.71

Sail Mining 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 Aug. 2021 adds up the semi-annually data reported by the company within the most recent 12 months, which was R-86 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of R-86 Mil mean?
Sail Mining Group (JSE:SGP) has a Interest Expense of R-86 Mil as of Aug. 2021. Interest Expense is the amount a company pays on its long-term debt. View historical data on Sail Mining Group and its competitors.
Is Sail Mining Group's Interest Expense too high?
Sail Mining Group's current Interest Expense is R-86 Mil.
How does Sail Mining Group's Interest Expense compare to BHPBF?
Sail Mining Group's Interest Expense of R-86 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Expense for a Metals & Mining company?
A good Interest Expense depends on the Metals & Mining industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on Sail Mining Group and its competitors. Sail Mining Group's current Interest Expense is R-86 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sail Mining Group stock overvalued right now?
Sail Mining Group (JSE:SGP) has a current Interest Expense of R-86 Mil. The current Interest Expense is R-86 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For Sail Mining Group (JSE:SGP), the current Interest Expense is R-86 Mil as of Aug. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Sail Mining Group Business Description

Address 4 Peltier Drive, Unit 25 Sunninghill Office Park, Johannesburg, GT, ZAF, 2054
Sail Mining Group Ltd Formerly Chrometco Ltd is a mineral exploration company. It has chrome and mining operations in the North-West Province of South Africa. In addition, Chrometco focuses on the investigation of other chrome and base metal properties for exploration purposes and on researching and investigating business development opportunities. The group holds interest in mining, concentrating and beneficiating various metals and their ores, in particular chrome, platinum, copper, cobalt, nickel and manganese.