Sanlam (JSE:SLM) Interest Expense : R-1,518 Mil (TTM As of Dec. 2023)

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What is Sanlam Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sanlam's interest expense for the six months ended in Dec. 2023 was R -861 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was R-1,518 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. Sanlam's Operating Income for the six months ended in Dec. 2023 was R 12,426 Mil. Sanlam's Interest Expense for the six months ended in Dec. 2023 was R -861 Mil. Sanlam's Interest Coverage for the quarter that ended in Dec. 2023 was 14.43. 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.

Sanlam Interest Expense Historical Data

The historical data trend for Sanlam'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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Sanlam Interest Expense Chart

Sanlam Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1,742.00

-1,051.00

-963.00

-1,126.00

-1,518.00

Sanlam 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															-484.00	-464.00	-662.00	-657.00	-861.00

Sanlam 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-1,518 Mil.

Sanlam (JSE:SLM) 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.

Sanlam's Interest Expense for the six months ended in Dec. 2023 was R-861 Mil. Its EBIT for the six months ended in Dec. 2023 was R12,426 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was R8,881 Mil.

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

Interest Coverage	=	-1	*	EBIT (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	12426	/	-861
	=	14.43

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

Sanlam (JSE:SLM) Business Description

Industry

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SLMAF:USA SLLDY:USA SLA:Namibia LA6A:Germany

Address

2 Strand Road, Bellville, ZAF, 7530

Website

https://www.sanlam.com

Sanlam sells multiple insurance products and provides a variety of investment and wealth management services. Its products and services are organized into five categories: life insurance, general insurance, investment management, credit and structuring, and administration, health, and other. Life and general insurance products include life, disability, medical, vehicle, home, building, and all risk. Investment management services include retail savings, asset management, and wealth management. Credit and structuring services include debt investments in business. The administration, health, and other services include estate planning, trusts, wills, unsecured lending, and health management. The majority of revenue comes from Africa.