Oceana Group (JSE:OCE) Interest Expense : R-231 Mil (TTM As of Sep. 2023)

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What is Oceana Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Oceana Group's interest expense for the six months ended in Sep. 2023 was R -123 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was R-231 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. Oceana Group's Operating Income for the six months ended in Sep. 2023 was R 766 Mil. Oceana Group's Interest Expense for the six months ended in Sep. 2023 was R -123 Mil. Oceana Group's Interest Coverage for the quarter that ended in Sep. 2023 was 6.25. 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.

Oceana Group Interest Expense Historical Data

The historical data trend for Oceana 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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Oceana Group Interest Expense Chart

Oceana Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-294.55

-295.26

-199.56

-202.00

-231.00

Oceana Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial															-85.87	-86.18	-115.82	-108.43	-122.57

Oceana 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was R-231 Mil.

Oceana Group (JSE:OCE) 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.

Oceana Group's Interest Expense for the six months ended in Sep. 2023 was R-123 Mil. Its Operating Income for the six months ended in Sep. 2023 was R766 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was R2,048 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	766.499	/	-122.571
	=	6.25

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

Oceana Group (JSE:OCE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Oceana Group Ltd (JSE:OCE) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

OCGPF:USA OCG:Namibia O1F:Germany

Address

25 Jan Smuts Street, 9th Floor, Oceana House, Foreshore, Cape Town, WC, ZAF, 8001

Website

https://www.oceana.co.za

Oceana Group Ltd is an African fishing company focused on catching, procuring, processing, marketing, and distributing canned fish, fishmeal, fish oil, lobster, horse mackerel, squid, and hake. Oceana Group also provides refrigerated warehouse facilities and logistical support services. The company's principal market is the lower-end consumer who prefers canned fish and horse mackerel. The majority of Oceana Group's revenue is derived from South Africa and Nambia. The company operates through four segments: Canned Fish and Fishmeal (Africa), which contributes the majority portion of revenue; Fishmeal and Fish Oil (USA); Horse Mackerel, Hake, Lobster, and Squid; and Commercial Cold Storage Logistics.

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