MTN Group (MTN Group) Interest Expense : $-1,014 Mil (TTM As of Dec. 2023)

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What is MTN Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MTN Group's interest expense for the six months ended in Dec. 2023 was $ -522 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-1,014 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. MTN Group's Operating Income for the six months ended in Dec. 2023 was $ 980 Mil. MTN Group's Interest Expense for the six months ended in Dec. 2023 was $ -522 Mil. MTN Group's Interest Coverage for the quarter that ended in Dec. 2023 was 1.88. 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.

MTN Group Interest Expense Historical Data

The historical data trend for MTN Group'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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MTN Group Interest Expense Chart

MTN Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1,005.11

-1,032.34

-826.73

-828.30

-1,017.24

MTN Group 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															-431.11	-422.59	-441.55	-491.98	-522.31

MTN Group 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 $-1,014 Mil.

MTN Group (OTCPK:MTNOF) 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.

MTN Group's Interest Expense for the six months ended in Dec. 2023 was $-522 Mil. Its Operating Income for the six months ended in Dec. 2023 was $980 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $5,920 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	980.207	/	-522.305
	=	1.88

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

MTN Group (MTN Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » MTN Group Ltd (OTCPK:MTNOF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

MTN:South Africa MTNOY:USA LL6:Germany

Address

Innovation Centre 216 - 14th Avenue, Fairland, Roodepoort, Gauteng, Johannesburg, ZAF, 2195

Website

https://www.mtn.com

MTN Group Ltd is a mobile telecommunications provider operating across South Africa, Nigeria, Ghana, Cameroon, Ivory Coast, Uganda, Syria, and Sudan. most of the company's revenue is earned in South Africa and Nigeria. The company also has a joint venture in Iran. From a product perspective, most of its revenue is from voice and data. Other contributors include SMS and sale of devices revenue. MTN also provides enterprise services to small/midsize enterprises and corporate clients. The company owns the mobile infrastructure and data centers. Its segments include Network services, Mobile devices, Inter- connect and roaming, Digital and fintech and others.

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