Huge Group (JSE:HUG) Interest Expense : R-22.87 Mil (TTM As of Aug. 2023)

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What is Huge Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Huge Group's interest expense for the six months ended in Aug. 2023 was R -11.30 Mil. Its interest expense for the trailing twelve months (TTM) ended in Aug. 2023 was R-22.87 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. Huge Group's Operating Income for the six months ended in Aug. 2023 was R -6.98 Mil. Huge Group's Interest Expense for the six months ended in Aug. 2023 was R -11.30 Mil. Huge Group 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.

Huge Group Interest Expense Historical Data

The historical data trend for Huge Group'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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Huge Group Interest Expense Chart

Huge Group Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Interest Expense

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-14.62

-21.55

-15.69

-9.25

-18.81

Huge Group Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Interest Expense	Get a 7-Day Free Trial															-4.62	-4.64	-7.24	-11.57	-11.30

Huge Group 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 Aug. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was R-22.87 Mil.

Huge Group (JSE:HUG) 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.

Huge Group's Interest Expense for the six months ended in Aug. 2023 was R-11.30 Mil. Its Operating Income for the six months ended in Aug. 2023 was R-6.98 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Aug. 2023 was R119.21 Mil.

Huge Group's Interest Coverage for the quarter that ended in Aug. 2023 is calculated as

Huge Group did not have earnings to cover the interest expense.

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

Huge Group (JSE:HUG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Huge Group Ltd (JSE:HUG) » Definitions » Interest Expense

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Address

1 Melrose Boulevard, Unit 23, Melrose Arch, PO Box 262, Johannesburg, GT, ZAF, 2076

Website

https://www.hugegroup.com

Huge Group Ltd is an investment holding company. Along with its subsidiaries, it is engaged in providing voice, messaging and data connectivity services using the wireless, global system for mobile-based, fixed cellular last-mile solutions to residential customers and a range of corporate clients, from large corporations to small and medium enterprises. Its divisions are Telecom Grouping, which generates the majority of its revenue; Fintech Grouping; and Corporate Office Grouping. It generates all of its revenue from South Africa.

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