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First Mutual Properties (XZIM:FMP.ZW) Interest Expense : ZWG0.0 Mil (TTM As of Jun. 2024)


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What is First Mutual Properties Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. First Mutual Properties's interest expense for the six months ended in Jun. 2024 was ZWG 0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was ZWG0.0 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. First Mutual Properties's Operating Income for the six months ended in Jun. 2024 was ZWG 39.2 Mil. First Mutual Properties's Interest Expense for the six months ended in Jun. 2024 was ZWG 0.0 Mil. GuruFocus does not calculate First Mutual Properties's interest coverage with the available data. 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.


First Mutual Properties Interest Expense Historical Data

The historical data trend for First Mutual Properties'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.

First Mutual Properties Interest Expense Chart

First Mutual Properties Annual Data
Trend Dec10 Dec11 Dec12 Dec14 Dec15 Dec16 Dec17 Dec18
Interest Expense
Get a 7-Day Free Trial -17.30 -11.28 -7.95 -3.39 -1.42

First Mutual Properties Semi-Annual Data
Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Jun23 Jun24
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 -1.05 -0.38 -0.03 - -

First Mutual Properties 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 ZWG0.0 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.


First Mutual Properties  (XZIM:FMP.ZW) 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.

First Mutual Properties's Interest Expense for the six months ended in Jun. 2024 was ZWG0.0 Mil. Its Operating Income for the six months ended in Jun. 2024 was ZWG39.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was ZWG56.1 Mil.

First Mutual Properties's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

GuruFocus does not calculate First Mutual Properties's interest coverage with the available data.

* 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.


First Mutual Properties Business Description

Traded in Other Exchanges
N/A
Address
100 Liberation Legacy Way, First Floor, First Mutual Park, Borrowdale, Harare, ZWE
First Mutual Properties Ltd is principally engaged in property investment, development, and management. The company's segments include office, retail, industrial, and other segments. The office segment acquires, develops, and leases offices in the central business district and office parks, and earns maximum revenue for the company. The retail segment acquires, develops, and leases shops and the industrial segment comprises properties situated in designated industrial areas of Zimbabwe. The industrial segment comprises properties situated in designated industrial areas of Zimbabwe, and the other segment comprises residential properties, undeveloped land and income generated from other property services, and Group administration costs, profit or loss from disposals of investment property.

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