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Shoprite Holdings (LUS:SHOPRITE) Interest Expense : ZMW-6,391 Mil (TTM As of Jun. 2024)


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What is Shoprite Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shoprite Holdings's interest expense for the six months ended in Jun. 2024 was ZMW -3,354 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was ZMW-6,391 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. Shoprite Holdings's Operating Income for the six months ended in Jun. 2024 was ZMW 8,680 Mil. Shoprite Holdings's Interest Expense for the six months ended in Jun. 2024 was ZMW -3,354 Mil. Shoprite Holdings's Interest Coverage for the quarter that ended in Jun. 2024 was 2.59. 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.

Shoprite Holdings Interest Expense Historical Data

The historical data trend for Shoprite Holdings'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.

* Premium members only.

Shoprite Holdings Interest Expense Chart

Shoprite Holdings Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4,618.29 -6,116.33 -5,203.65 -5,380.25 -6,424.27

Shoprite Holdings Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2,736.57 -2,695.40 -2,895.48 -3,036.84 -3,353.87

Shoprite Holdings 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was ZMW-6,391 Mil.

* 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.

Shoprite Holdings  (LUS:SHOPRITE) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Shoprite Holdings's Interest Expense for the six months ended in Jun. 2024 was ZMW-3,354 Mil. Its Operating Income for the six months ended in Jun. 2024 was ZMW8,680 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was ZMW63,392 Mil.

Shoprite Holdings's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*8680.078/-3353.87
=2.59

* 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.

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

Shoprite Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Shoprite Holdings Ltd (LUS:SHOPRITE) » Definitions » Interest Expense
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Address
Cnr William Dabs Street and Old Paarl Road, Brackenfell, WC, ZAF, 7560
Website
https://www.shopriteholdings.co.za
Shoprite Holdings Ltd is part of The Shoprite Group of Companies, an African food retailer, which operates in countries across Africa and the Indian Ocean Islands. The primary business is food retailing. Besides food retailing, the company is operating in furniture, house products, fast foods, pharmacies, and liquor business segments. The company is targeting consumers at all income levels. The Checkers, Checkers Hyper, and House & Home stores address higher-income groups, while Shoprite Usave focuses on the lower end of the market. Shoprite and OK Furniture offer products for the middle- to lower-income market. The company's reportable segment includes, Supermarkets RSA, Supermarkets Non-RSA, Furniture and Other operating segment.

Shoprite Holdings Headlines

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