Magnit PJSC (MIC:MGNT) Interest Expense: ₽-77,288 Mil (TTM As of Jun. 2023)

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What is Magnit PJSC Interest Expense?

Magnit PJSC MIC:MGNT -1.02% 17 Interest Expense is ₽-77,288 Mil as of Jun. 2023. GuruFocus rates MIC:MGNT with a GF Score™ of 17/100.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Magnit PJSC's interest expense for the six months ended in Jun. 2023 was ₽ -41,312 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was ₽-77,288 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. Magnit PJSC's Operating Income for the six months ended in Jun. 2023 was ₽ 58,935 Mil. Magnit PJSC's Interest Expense for the six months ended in Jun. 2023 was ₽ -41,312 Mil. Magnit PJSC's Interest Coverage for the quarter that ended in Jun. 2023 was 1.43. 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.

Magnit PJSC (MIC:MGNT) 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.

Magnit PJSC's Interest Expense for the six months ended in Jun. 2023 was ₽-41,312 Mil. Its Operating Income for the six months ended in Jun. 2023 was ₽58,935 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was ₽680,046 Mil.

Magnit PJSC's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	58934.655	/	-41311.729
	=	1.43

* 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.

Magnit PJSC Interest Expense Historical Data

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The historical data trend for Magnit PJSC's Interest Expense can be seen below:

Magnit PJSC Interest Expense Chart

Magnit PJSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-39,541.81

-47,781.65

-44,772.27

-48,914.00

-67,804.67

Magnit PJSC Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Interest Expense	Get a 7-Day Free Trial															-21,412.63	-27,501.37	-31,828.46	-35,976.21	-41,311.73

17GF Score

Magnit PJSC MIC:MGNT

Interest Expense is just one metric. See GF Score™, valuation, warning signs, and more.

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Magnit PJSC 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₽-77,288 Mil.

Frequently Asked Questions Learn more about Interest Expense →

What does a Interest Expense of ₽-77,288 Mil mean?

Magnit PJSC (MIC:MGNT) has a Interest Expense of ₽-77,288 Mil as of Jun. 2023. Interest Expense is the amount a company pays on its long-term debt. View historical data on Magnit PJSC and its competitors.

Is Magnit PJSC's Interest Expense too high?

Magnit PJSC's current Interest Expense is ₽-77,288 Mil. Overall, Magnit PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.

How does Magnit PJSC's Interest Expense compare to WMT and COST?

Magnit PJSC's Interest Expense of ₽-77,288 Mil can be compared against companies in the Retail - Defensive industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Interest Expense for a Retail - Defensive company?

A good Interest Expense depends on the Retail - Defensive industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Interest Expense mean?

A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on Magnit PJSC and its competitors. Magnit PJSC's current Interest Expense is ₽-77,288 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Magnit PJSC stock overvalued right now?

Magnit PJSC (MIC:MGNT) has a current Interest Expense of ₽-77,288 Mil. The current Interest Expense is ₽-77,288 Mil. Magnit PJSC's overall GF Score™ is 17/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Interest Expense calculated?

Interest Expense is calculated from a company's financial statements. For Magnit PJSC (MIC:MGNT), the current Interest Expense is ₽-77,288 Mil as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Magnit PJSC Business Description

Industry Consumer Defensive Retail - Defensive

Comparable Companies CAI:MASR CAI:OCDI CAI:ZMID CAI:HELI CAI:ACAMD WMT COST MEX:WALMEX TGT BOM:540376 DG DLTR TSX:DOL TSE:7532 BJ LSE:BME OLLI TSE:2651 WAR:PCO PSMT

Address 15/5, Solnechnaya Street, Krasnodar, RUS, 350072

Website https://www.magnit.com

Magnit PJSC operates in the retail and distribution of consumer goods under the Magnit, the DIXY, and the Megamart names. The Group's retail operations are operated through convenience stores, cosmetic stores, supermarkets, and others. The Group's business operations are located in the Russian Federation and relate mainly to retail sales of consumer goods. The company operates in about 4,000 localities. The company utilizes a multiformat model, which includes convenience and drogerie stores, supermarkets, and pharmacies. Aside from commodity sales, it operates a private-label food production business. The company manages several plants for growing vegetables and the production of dry food and confectionery.

17GF Score

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Interest Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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