South32 (LSE:S32) Interest Expense : £-182 Mil (TTM As of Dec. 2024)

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What is South32 Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. South32's interest expense for the six months ended in Dec. 2024 was £ -85 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was £-182 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. South32's Operating Income for the six months ended in Dec. 2024 was £ 348 Mil. South32's Interest Expense for the six months ended in Dec. 2024 was £ -85 Mil. South32's Interest Coverage for the quarter that ended in Dec. 2024 was 4.11. 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.

South32 Interest Expense Historical Data

The historical data trend for South32'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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South32 Interest Expense Chart

South32 Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Interest Expense

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-100.67

-94.12

-123.42

-163.94

-191.78

South32 Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Interest Expense	Get a 7-Day Free Trial															-82.92	-83.95	-94.80	-97.46	-84.64

South32 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-182 Mil.

South32 (LSE:S32) 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.

South32's Interest Expense for the six months ended in Dec. 2024 was £-85 Mil. Its Operating Income for the six months ended in Dec. 2024 was £348 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2024 was £1,054 Mil.

South32's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	348.04	/	-84.637
	=	4.11

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

South32 Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » South32 Ltd (LSE:S32) » Definitions » Interest Expense

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Traded in Other Exchanges

S32:South Africa SOUHY:USA SHTLF:USA S32l:UK 32Z:Germany S32:Australia

Address

108 St Georges Terrace, Level 35, Perth, WA, AUS, 6000

Website

https://www.south32.net

South32 was born of the demerger of noncore assets from BHP in 2015. Its major operations include alumina businesses in Australia and Brazil, aluminum in Brazil, South Africa, and Mozambique, and manganese businesses in Australia and South Africa. It sold New South Wales metallurgical coal in August 2024. It also owns the Cannington silver/lead/zinc mine in northwest Queensland and the Cerro Matoso nickel mine in Colombia. Cannington and manganese operations deliver high returns, but have relatively short reserve life. The company acquired Arizona Mining, which brings with it the high-grade and likely low-cost Taylor project in the US, and also entered the copper business in 2022 via the purchase of a 45% stake in the Sierra Gorda mine in Chile.

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