Wema Bank (NSA:WEMA) Interest Expense : ₦-102,967 Mil (TTM As of Sep. 2024)

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What is Wema Bank Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Wema Bank's interest expense for the three months ended in Sep. 2024 was ₦ -41,214 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ₦-102,967 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. Wema Bank's Operating Income for the three months ended in Sep. 2024 was ₦ Mil. Wema Bank's Interest Expense for the three months ended in Sep. 2024 was ₦ Mil. 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.

Wema Bank Interest Expense Historical Data

The historical data trend for Wema Bank'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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Wema Bank Interest Expense Chart

Wema Bank Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-44,696.36

-33,702.51

-34,921.55

-53,806.70

-93,922.25

Wema Bank Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-24,350.26	-27,944.49	-22,199.20	-39,554.35	-41,213.66

Wema Bank 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 ₦-102,967 Mil.

Wema Bank Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Wema Bank PLC (NSA:WEMA) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

54, Marina, Wema Tower, Lagos, NGA, 12862

Website

https://www.wemabank.com

Wema Bank PLC is a commercial bank. The company offers retail banking, SME banking, corporate banking, treasury, trade services and financial advisory to its customers. Its services include granting of loans and advances, corporate finance and money market activities. The bank operates in four geographical regions; South-west, South-South, Abuja and Lagos zones. Wema derives the majority of its revenues from Lagos.

Wema Bank Headlines

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