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Lafarge Africa (NSA:WAPCO) Interest Expense : ₦-1,709 Mil (TTM As of Sep. 2024)


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What is Lafarge Africa Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lafarge Africa's interest expense for the three months ended in Sep. 2024 was ₦ -1,236 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ₦-1,709 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. Lafarge Africa's Operating Income for the three months ended in Sep. 2024 was ₦ 50,867 Mil. Lafarge Africa's Interest Expense for the three months ended in Sep. 2024 was ₦ -1,236 Mil. Lafarge Africa's Interest Coverage for the quarter that ended in Sep. 2024 was 41.15. 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.

Lafarge Africa Interest Expense Historical Data

The historical data trend for Lafarge Africa'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.

Lafarge Africa Interest Expense Chart

Lafarge Africa Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -19,277.91 -8,191.01 -4,055.88 -1,215.02 -929.12

Lafarge Africa Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -309.13 185.11 -353.03 -305.06 -1,236.03

Lafarge Africa 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₦-1,709 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.

Lafarge Africa  (NSA:WAPCO) 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.

Lafarge Africa's Interest Expense for the three months ended in Sep. 2024 was ₦-1,236 Mil. Its Operating Income for the three months ended in Sep. 2024 was ₦50,867 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ₦631 Mil.

Lafarge Africa's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*50866.659/-1236.03
=41.15

* 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.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Lafarge Africa PLC has enough cash to cover all of its debt. Its financial situation is stable.

Lafarge Africa Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Lafarge Africa PLC (NSA:WAPCO) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
No. 27B, Gerrard Road, Ikoyi, Lagos, NGA
Website
https://www.lafarge.com.ng
Lafarge Africa PLC through its subsidiaries is engaged in manufacturing and marketing of cement, concrete, and aggregates products, including the provision of building solutions. Its products include Ashakacem, UniCem, Elephant cement, Lafarge Powermax, RoadCem, and Supaset cement among others. It has two segments Cement & Readymix products. The majority of the revenue is generated from the cement segment.

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