African Rainbow Minerals (STU:EB9) Interest Expense : €-9.5 Mil (TTM As of Jun. 2024)

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What is African Rainbow Minerals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. African Rainbow Minerals's interest expense for the six months ended in Jun. 2024 was € -3.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was €-9.5 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. African Rainbow Minerals's Operating Income for the six months ended in Jun. 2024 was € -8.0 Mil. African Rainbow Minerals's Interest Expense for the six months ended in Jun. 2024 was € -3.1 Mil. African Rainbow Minerals did not have earnings to cover the interest expense. 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.

African Rainbow Minerals Interest Expense Historical Data

The historical data trend for African Rainbow Minerals'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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African Rainbow Minerals Interest Expense Chart

African Rainbow Minerals Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Interest Expense

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-20.58

-19.63

-17.35

-11.92

-9.68

African Rainbow Minerals 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															-9.57	-5.90	-6.60	-6.40	-3.13

African Rainbow Minerals 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 €-9.5 Mil.

African Rainbow Minerals (STU:EB9) 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.

African Rainbow Minerals's Interest Expense for the six months ended in Jun. 2024 was €-3.1 Mil. Its Operating Income for the six months ended in Jun. 2024 was €-8.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was €31.8 Mil.

African Rainbow Minerals's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

African Rainbow Minerals did not have earnings to cover the interest expense.

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

African Rainbow Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » African Rainbow Minerals Ltd (STU:EB9) » Definitions » Interest Expense

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ARI:South Africa AFBOF:USA

Address

29 Impala Road, ARM House, Chislehurston, Sandton, GT, ZAF, 2196

Website

https://www.arm.co.za

African Rainbow Minerals Ltd is a South African diversified mining and minerals company. The group has various operating divisions: ARM Platinum (which includes platinum group metals and nickel), ARM Ferrous, ARM Coal and ARM Corporate (which includes Machadodorp Works, Corporate, Gold and other). It derives maximum revenue from South Africa and has its presence in Europe, Americas and Far and Middle East.

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