Zimre Holdings (XZIM:ZIMR.ZW) Interest Expense : ZWL-1,882 Mil (TTM As of Dec. 2023)

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What is Zimre Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Zimre Holdings's interest expense for the six months ended in Dec. 2023 was ZWL -1,816 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ZWL-1,882 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. Zimre Holdings's Operating Income for the six months ended in Dec. 2023 was ZWL 138,766 Mil. Zimre Holdings's Interest Expense for the six months ended in Dec. 2023 was ZWL -1,816 Mil. Zimre Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 76.40. 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.

Zimre Holdings Interest Expense Historical Data

The historical data trend for Zimre 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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Zimre Holdings Interest Expense Chart

Zimre Holdings Annual Data

Trend

Dec08

Dec09

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-22.54

-19.27

-194.85

-1,157.07

-1,882.49

Zimre Holdings Semi-Annual Data
	Dec09	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial								-151.26	-11.74	-1,145.34	-66.23	-1,816.26

Zimre 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was ZWL-1,882 Mil.

Zimre Holdings (XZIM:ZIMR.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.

Zimre Holdings's Interest Expense for the six months ended in Dec. 2023 was ZWL-1,816 Mil. Its EBIT for the six months ended in Dec. 2023 was ZWL138,766 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was ZWL4,367 Mil.

Zimre Holdings's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	EBIT (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	138765.745	/	-1816.262
	=	76.40

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Zimre Holdings Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Zimre Holdings (XZIM:ZIMR.ZW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Zimre Holdings Ltd (XZIM:ZIMR.ZW) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Smatsatsa Office Park, 2nd Floor, D Block, P.O. Box 4839, Borrowdale, Stand Number 10667, Harare, ZWE

Website

https://www.zhl.co.zw

Zimre Holdings Ltd is a Zimbabwe-based investment holding company. The firm operates its business activities in five segments. The Reinsurance segment offers short-term reinsurance products and services to general insurance companies locally, regionally and internationally. The Life reassurance segment offers its services to life assurance companies and medical aid societies locally and regionally. The Property segment is engaged in leasing, developing, managing, selling and buying properties. General insurance offers short-term insurance products and services directly to policyholders locally. Life and Pension segment. The Reinsurance segment contributes to the majority of the company's revenue. Zimre has operations in Botswana, Malawi, Mozambique, South Africa, Zambia and Zimbabwe.

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