First Mutual Properties (XZIM:FMP.ZW) Interest Expense : ZWL0 Mil (TTM As of Jun. 2023)

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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. 2023 was ZWL 0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was ZWL0 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. 2023 was ZWL -954 Mil. First Mutual Properties's Interest Expense for the six months ended in Jun. 2023 was ZWL 0 Mil. First Mutual Properties has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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.

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First Mutual Properties Interest Expense Chart

First Mutual Properties Annual Data

Trend

Dec11

Dec12

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-0.44

-0.02

First Mutual Properties Semi-Annual Data
	Jun09	Jun11	Dec11	Jun12	Dec12	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Interest Expense	Get a 7-Day Free Trial										-	-	-	-	-

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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was ZWL0 Mil.

First Mutual Properties (XZIM:FMP.ZW) 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.

First Mutual Properties's Interest Expense for the six months ended in Jun. 2023 was ZWL0 Mil. Its Operating Income for the six months ended in Jun. 2023 was ZWL-954 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was ZWL0 Mil.

First Mutual Properties's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

First Mutual Properties had no long-term debt ⁽¹⁾.

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

Good Sign:

First Mutual Properties Ltd has no debt.

First Mutual Properties (XZIM:FMP.ZW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » First Mutual Properties Ltd (XZIM:FMP.ZW) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

100 Borrowdale Road, First Floor, First Mutual Park, Borrowdale, Harare, ZWE

Website

https://www.firstmutual.co.zw

First Mutual Properties Ltd is principally engaged in property investment, development, and management. The segments of the company include office, retail and industrial properties. The office segment acquires, develops and leases office in the central business district and office parks. Office comprise the high rise central business district buildings and office parks in Zimbabwe. 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.

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