Wesizwe Platinum (JSE:WEZ) Interest Expense : R-4.43 Mil (TTM As of Dec. 2023)

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What is Wesizwe Platinum Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Wesizwe Platinum's interest expense for the six months ended in Dec. 2023 was R -3.20 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was R-4.43 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. Wesizwe Platinum's Operating Income for the six months ended in Dec. 2023 was R -16.12 Mil. Wesizwe Platinum's Interest Expense for the six months ended in Dec. 2023 was R -3.20 Mil. Wesizwe Platinum 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.

Wesizwe Platinum Interest Expense Historical Data

The historical data trend for Wesizwe Platinum'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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Wesizwe Platinum Interest Expense Chart

Wesizwe Platinum Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-73.54

-70.58

-4.71

-2.41

-4.43

Wesizwe Platinum 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															-1.22	-1.12	-1.29	-1.23	-3.20

Wesizwe Platinum 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-4.43 Mil.

Wesizwe Platinum (JSE:WEZ) 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.

Wesizwe Platinum's Interest Expense for the six months ended in Dec. 2023 was R-3.20 Mil. Its Operating Income for the six months ended in Dec. 2023 was R-16.12 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was R14,784.93 Mil.

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

Wesizwe Platinum did not have earnings to cover the interest expense.

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

Wesizwe Platinum (JSE:WEZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Wesizwe Platinum Ltd (JSE:WEZ) » Definitions » Interest Expense

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WSZWF:USA

Address

9 Autumn Road, Wesizwe House, Devcon Park, Rivonia Extension 3, Johannesburg, ZAF, 2128

Website

https://www.wesizwe.co.za

Wesizwe Platinum Ltd is an African company. It's engaged in mining exploration and infrastructure development. The primary focus of the company is the exploration of Platinum group metals and strategic metals from its Bakubung platinum mine project located in Africa. The company does not generate cash flows from operations to fund its activities and therefore relies upon the issuance of securities for financing. The company has not determined yet whether its properties contain mineral reserves that are economically recoverable.

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