Transaction Capital (JSE:TCP) Interest Expense : R-864 Mil (TTM As of Mar. 2024)

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What is Transaction Capital Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Transaction Capital's interest expense for the six months ended in Mar. 2024 was R -229 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was R-864 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. Transaction Capital's Operating Income for the six months ended in Mar. 2024 was R 149 Mil. Transaction Capital's Interest Expense for the six months ended in Mar. 2024 was R -229 Mil. Transaction Capital's Interest Coverage for the quarter that ended in Mar. 2024 was 0.65. 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.

Transaction Capital Interest Expense Historical Data

The historical data trend for Transaction Capital'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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Transaction Capital Interest Expense Chart

Transaction Capital Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-1,158.00

-1,251.00

-206.00

-515.00

-813.00

Transaction Capital Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial															-311.00	-204.00	-178.00	-635.00	-229.00

Transaction Capital 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 Mar. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was R-864 Mil.

Transaction Capital (JSE:TCP) 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.

Transaction Capital's Interest Expense for the six months ended in Mar. 2024 was R-229 Mil. Its Operating Income for the six months ended in Mar. 2024 was R149 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was R11,993 Mil.

Transaction Capital's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	149	/	-229
	=	0.65

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. Transaction Capital Ltd interest coverage is 1.06, which is low.

Transaction Capital (JSE:TCP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Transaction Capital Ltd (JSE:TCP) » Definitions » Interest Expense

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Traded in Other Exchanges

W55:Germany

Address

24 Cradock and Tyrwhitt Avenue, The Bank, 12th Floor, Rosebank, Johannesburg, GT, ZAF, 2196

Website

https://www.transactioncapital.co.za

Transaction Capital Ltd is an investment holding company. The company's operating segment includes SA Taxi; Nutun, WeBuyCars, and Group executive office. It generates maximum revenue from the WeBuyCars segment. WeBuyCars segment includes buyer, distributor, and retailer of vehicles, which also offers financial and other allied products. SA Taxi segment is engaged in a vertically integrated taxi platform incorporating a unique blend of vehicle procurement, retail, repossession and refurbishment capabilities with asset-backed developmental finance and insurance competencies for focused vehicle types.