Tanganda Tea Co (XZIM:TANGANDA) Interest Expense : ZWG-20.9 Mil (TTM As of Sep. 2024)

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What is Tanganda Tea Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tanganda Tea Co's interest expense for the six months ended in Sep. 2024 was ZWG -12.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ZWG-20.9 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. Tanganda Tea Co's Operating Income for the six months ended in Sep. 2024 was ZWG 33.1 Mil. Tanganda Tea Co's Interest Expense for the six months ended in Sep. 2024 was ZWG -12.9 Mil. Tanganda Tea Co's Interest Coverage for the quarter that ended in Sep. 2024 was 2.58. 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.

Tanganda Tea Co Interest Expense Historical Data

The historical data trend for Tanganda Tea 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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Tanganda Tea Co Interest Expense Chart

Tanganda Tea Co Annual Data

Trend

Sep23

Sep24

Interest Expense

-25.06

-20.92

Tanganda Tea Co Semi-Annual Data
	Mar23	Sep23	Mar24	Sep24
Interest Expense	-18.47	-6.59	-8.04	-12.85

Tanganda Tea 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was ZWG-20.9 Mil.

Tanganda Tea Co (XZIM:TANGANDA) 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.

Tanganda Tea Co's Interest Expense for the six months ended in Sep. 2024 was ZWG-12.9 Mil. Its Operating Income for the six months ended in Sep. 2024 was ZWG33.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2024 was ZWG79.3 Mil.

Tanganda Tea Co'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	*	33.103	/	-12.854
	=	2.58

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

Tanganda Tea Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tanganda Tea Co Ltd (XZIM:TANGANDA) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

194 Mutare Road, P.O. Box 10078, Msasa, Harare, ZWE

Website

https://www.tangandatea.com

Tanganda Tea Co Ltd is a producer, packer, and distributor of tea in Zimbabwe. The company has also developed the hectarage of macadamia nuts and avocados. It also engaged in producing coffee and bottled spring water. The company is organized into two operating segments: Agriculture and Beverage. It generates the majority of its revenue from the Agriculture segment.

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