Masimba Holdings (XZIM:MSHL.ZW) Interest Expense : ZWG-11 Mil (TTM As of Jun. 2024)

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What is Masimba Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Masimba Holdings's interest expense for the six months ended in Jun. 2024 was ZWG -4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was ZWG-11 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. Masimba Holdings's Operating Income for the six months ended in Jun. 2024 was ZWG 135 Mil. Masimba Holdings's Interest Expense for the six months ended in Jun. 2024 was ZWG -4 Mil. Masimba Holdings's Interest Coverage for the quarter that ended in Jun. 2024 was 31.68. 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.

Masimba Holdings Interest Expense Historical Data

The historical data trend for Masimba Holdings'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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Masimba Holdings Interest Expense Chart

Masimba Holdings Annual Data

Trend

Jun09

Jun12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec22

Dec23

Interest Expense

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-1.08

-3.14

-4.62

-6.61

-9.78

Masimba Holdings Semi-Annual Data
	Jun09	Jun12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial													-2.20	-	-3.25	-6.53	-4.27

Masimba Holdings 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 ZWG-11 Mil.

Masimba Holdings (XZIM:MSHL.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.

Masimba Holdings's Interest Expense for the six months ended in Jun. 2024 was ZWG-4 Mil. Its Operating Income for the six months ended in Jun. 2024 was ZWG135 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was ZWG0 Mil.

Masimba Holdings's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	135.342	/	-4.272
	=	31.68

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

Masimba Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Masimba Holdings Ltd (XZIM:MSHL.ZW) » Definitions » Interest Expense

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Traded in Other Exchanges

N/A

Address

44 Tilbury Road, P. O. Box CY490, Willowvale, Harare, ZWE

Website

https://www.masimbagroup.com

Masimba Holdings Ltd is a Zimbabwe-based contracting and industrial company. The principal activities of the company are civil engineering, building contracting, quarry mining and property development. The company is engaged in providing engineering and infrastructure client solutions to the agriculture, commercial, communications, housing, mining, water, and public sectors. The company operates in three main segments. Firstly, there's Contracting, which encompasses civil engineering works such as roads and earthworks, building construction, and fabrication and steel works. Secondly, there's Property Development and Leasing, focused on property development and leasing to both internal business units and third parties. Lastly, there's Quarry Mining segment.

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