Seed Co (XZIM:SEED.ZW) Interest Expense : ZWL-7,187 Mil (TTM As of Sep. 2023)

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What is Seed Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Seed Co's interest expense for the six months ended in Sep. 2023 was ZWL -9,770 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was ZWL-7,187 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. Seed Co's Operating Income for the six months ended in Sep. 2023 was ZWL 330 Mil. Seed Co's Interest Expense for the six months ended in Sep. 2023 was ZWL -9,770 Mil. Seed Co's Interest Coverage for the quarter that ended in Sep. 2023 was 0.03. 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.

Seed Co Interest Expense Historical Data

The historical data trend for Seed Co'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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Seed Co Interest Expense Chart

Seed Co Annual Data

Trend

Mar09

Mar11

Mar12

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-5.00

-34.92

-777.08

-2,499.68

-11,147.13

Seed Co Semi-Annual Data
	Mar09	Mar11	Sep11	Mar12	Sep12	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial										-1,212.39	-1,287.29	-13,730.00	2,582.87	-9,770.00

Seed Co 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was ZWL-7,187 Mil.

Seed Co (XZIM:SEED.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.

Seed Co's Interest Expense for the six months ended in Sep. 2023 was ZWL-9,770 Mil. Its Operating Income for the six months ended in Sep. 2023 was ZWL330 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was ZWL133,260 Mil.

Seed Co's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	330	/	-9770
	=	0.03

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

Seed Co (XZIM:SEED.ZW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Seed Co Ltd (XZIM:SEED.ZW) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shamwari Road, Stapleford, Westgate, P.O. Box WGT 64, Harare, ZWE

Website

https://www.seedcogroup.com

Seed Co Ltd is engaged in the business of processing agricultural seeds. The company is involved in the breeding, multiplication, and distribution of mainly hybrid seed varieties for crops such as maize, wheat, soya beans, sugar beans, cowpeas, sorghum, groundnuts, and vegetables. It generates maximum revenue from the maize crop.

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