Altron (JSE:ATN) Interest Expense : R-187 Mil (TTM As of Feb. 2024)

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What is Altron Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Altron's interest expense for the six months ended in Feb. 2024 was R -85 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was R-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. Altron's Operating Income for the six months ended in Feb. 2024 was R 385 Mil. Altron's Interest Expense for the six months ended in Feb. 2024 was R -85 Mil. Altron's Interest Coverage for the quarter that ended in Feb. 2024 was 4.53. 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.

Altron Interest Expense Historical Data

The historical data trend for Altron'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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Altron Interest Expense Chart

Altron Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Interest Expense

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-345.00

-244.00

-181.00

-194.00

-187.00

Altron Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Interest Expense	Get a 7-Day Free Trial															-96.00	-89.00	-105.00	-102.00	-85.00

Altron 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 Feb. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was R-187 Mil.

Altron (JSE:ATN) 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.

Altron's Interest Expense for the six months ended in Feb. 2024 was R-85 Mil. Its Operating Income for the six months ended in Feb. 2024 was R385 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Feb. 2024 was R1,155 Mil.

Altron's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Feb. 2024 )	/	Interest Expense (Q: Feb. 2024 )
	=	-1	*	385	/	-85
	=	4.53

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

Altron (JSE:ATN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Altron Ltd (JSE:ATN) » Definitions » Interest Expense

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AEL:South Africa

Address

20 Woodlands Drive, Altron Campus, Woodlands Office Park, Woodmead, GT, ZAF, 2191

Website

https://www.altron.com

Altron Ltd provides integrated ICT solutions to businesses, governments, and consumers. Its segments are Digital Transformation, Managed Services, and Own Platforms. It has a direct presence in South Africa, the rest of Africa, Europe, the Middle East, and Australia. Most of the group's revenue is derived from the local market in South Africa.

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