WG Wearne (JSE:WEA) Interest Expense : R-15.2 Mil (TTM As of Aug. 2017)

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What is WG Wearne Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. WG Wearne's interest expense for the six months ended in Aug. 2017 was R -10.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Aug. 2017 was R-15.2 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. WG Wearne's Operating Income for the six months ended in Aug. 2017 was R 14.3 Mil. WG Wearne's Interest Expense for the six months ended in Aug. 2017 was R -10.6 Mil. WG Wearne's Interest Coverage for the quarter that ended in Aug. 2017 was 1.35. 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.

WG Wearne Interest Expense Historical Data

The historical data trend for WG Wearne'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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WG Wearne Interest Expense Chart

WG Wearne Annual Data

Trend

Feb08

Feb09

Feb10

Feb11

Feb12

Feb13

Feb14

Feb15

Feb16

Feb17

Interest Expense

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-27.32

-31.11

-24.07

-23.36

-16.96

WG Wearne Semi-Annual Data
	Feb08	Aug08	Feb09	Aug09	Feb10	Aug10	Feb11	Aug11	Feb12	Aug12	Feb13	Aug13	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17
Interest Expense	Get a 7-Day Free Trial															-12.95	-10.42	-12.43	-4.53	-10.63

WG Wearne 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. 2017 adds up the semi-annually data reported by the company within the most recent 12 months, which was R-15.2 Mil.

WG Wearne (JSE:WEA) 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.

WG Wearne's Interest Expense for the six months ended in Aug. 2017 was R-10.6 Mil. Its Operating Income for the six months ended in Aug. 2017 was R14.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Aug. 2017 was R24.6 Mil.

WG Wearne's Interest Coverage for the quarter that ended in Aug. 2017 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Aug. 2017 )	/	Interest Expense (Q: Aug. 2017 )
	=	-1	*	14.319	/	-10.629
	=	1.35

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

WG Wearne (JSE:WEA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » WG Wearne Ltd (JSE:WEA) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

300 Acacia Road, Stonemill Office Park, P.O Box 1674, 3 Kiepersol House, Cresta, ZAF, 2118

Website

http://www.wearne.co.za

WG Wearne Ltd is a supplier of materials and contracting services to the building and construction industry with a complete building material solution. The company is involved in various big construction projects such as the construction of Rand Afrikaans University, the Western Bypass, the Lesotho Highlands Water Scheme, Soccer City and FNB in Fairlands Johannesburg. It operates across South Africa with concentrated operations in Limpopo and Gauteng provinces. its products include sub base materials, concrete stone, road stone, dump rock, ballast stone, crusher sand, building sand, builders mix, plaster sand, generic concrete range, Wearne specialty concrete, high-performance concrete, base course materials and sub base materials.