African Agriculture Holdings (African Agriculture Holdings) Interest Expense : $-0.55 Mil (TTM As of Mar. 2024)

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What is African Agriculture Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. African Agriculture Holdings's interest expense for the three months ended in Mar. 2024 was $ -0.10 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.55 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. African Agriculture Holdings's Operating Income for the three months ended in Mar. 2024 was $ -12.62 Mil. African Agriculture Holdings's Interest Expense for the three months ended in Mar. 2024 was $ -0.10 Mil. African Agriculture Holdings did not have earnings to cover the interest expense. 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.

African Agriculture Holdings Interest Expense Historical Data

The historical data trend for African Agriculture 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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African Agriculture Holdings Interest Expense Chart

African Agriculture Holdings Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

-0.49

-0.96

-1.67

African Agriculture Holdings Quarterly Data
	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial				-0.20	-0.22	-0.23	-	-0.10

African Agriculture 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.55 Mil.

African Agriculture Holdings (NAS:AAGR) 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.

African Agriculture Holdings's Interest Expense for the three months ended in Mar. 2024 was $-0.10 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-12.62 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $6.85 Mil.

African Agriculture Holdings's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

African Agriculture Holdings did not have earnings to cover the interest expense.

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

African Agriculture Holdings (African Agriculture Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » African Agriculture Holdings Inc (NAS:AAGR) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

445 Park Avenue, Ninth Floor, New York, NY, USA, 10022

Website

African Agriculture Holdings Inc is a holding company that operates principally through its wholly-owned subsidiary, which is developing the company's initial commercial farming business based in northern Senegal focusing on the production and sale of alfalfa for cattle feed and nutrition purposes. The company will sell alfalfa to owners and suppliers of cattle for feed and nutritional purposes, primarily in Senegal and the surrounding regions in Africa, the Economic Community of West African States (ECOWAS) region and the Middle East.