Promotion and Development (XMAU:PAD.N0000) Interest Expense : MUR-102.9 Mil (TTM As of Sep. 2024)

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What is Promotion and Development Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Promotion and Development's interest expense for the three months ended in Sep. 2024 was MUR -22.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was MUR-102.9 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. Promotion and Development's Operating Income for the three months ended in Sep. 2024 was MUR 90.1 Mil. Promotion and Development's Interest Expense for the three months ended in Sep. 2024 was MUR -22.0 Mil. Promotion and Development's Interest Coverage for the quarter that ended in Sep. 2024 was 4.09. 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.

Promotion and Development Interest Expense Historical Data

The historical data trend for Promotion and Development'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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Promotion and Development Interest Expense Chart

Promotion and Development Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Interest Expense

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-91.68

-73.76

-72.47

-112.26

-109.17

Promotion and Development 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															-28.31	-25.99	-27.12	-27.76	-22.01

Promotion and Development 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 MUR-102.9 Mil.

Promotion and Development (XMAU:PAD.N0000) 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.

Promotion and Development's Interest Expense for the three months ended in Sep. 2024 was MUR-22.0 Mil. Its Operating Income for the three months ended in Sep. 2024 was MUR90.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was MUR1,145.0 Mil.

Promotion and Development'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	*	90.078	/	-22.01
	=	4.09

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

Promotion and Development Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Promotion and Development Ltd (XMAU:PAD.N0000) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dias Pier, Le Caudan Waterfront, 8th Floor, Port Louis, MUS

Website

https://www.promotionanddevelopment.com

Promotion and Development Ltd is an investment company. Its business activity consists of investments in shares, property development, and the supply and provision of services associated with such activities. The company's three segments include Property: Rental income, income from other operating activities, Shares; Dividend Income; and Security: Security and property protection services and sales of equipment. The company earns majority of its revenue from Property segment.

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