Meikles (LSE:MIK) Interest Expense : $-8 Mil (TTM As of Aug. 2023)

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What is Meikles Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Meikles's interest expense for the six months ended in Aug. 2023 was $ -7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Aug. 2023 was $-8 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. Meikles's Operating Income for the six months ended in Aug. 2023 was $ -53 Mil. Meikles's Interest Expense for the six months ended in Aug. 2023 was $ -7 Mil. Meikles 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.

Meikles Interest Expense Historical Data

The historical data trend for Meikles'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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Meikles Interest Expense Chart

Meikles Annual Data

Trend

Dec08

Dec09

Mar11

Mar12

Mar19

Mar20

Mar21

Interest Expense

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-8.42

-9.35

-0.28

-0.72

-1.05

Meikles Semi-Annual Data
	Dec09	Mar11	Mar12	Sep12	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Aug23
Interest Expense	Get a 7-Day Free Trial									-0.63	-1.45	-0.74	-0.92	-6.63

Meikles 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 $-8 Mil.

Meikles (LSE:MIK) 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.

Meikles's Interest Expense for the six months ended in Aug. 2023 was $-7 Mil. Its Operating Income for the six months ended in Aug. 2023 was $-53 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Aug. 2023 was $63 Mil.

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

Meikles did not have earnings to cover the interest expense.

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

Meikles (LSE:MIK) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Meikles Ltd (LSE:MIK) » Definitions » Interest Expense

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MEIK.ZW:Zimbabwe

Address

4 Steppes Road, Highlands, Harare, ZWE

Website

https://www.meiklesltd.com

Meikles Ltd is a Zimbabwe-based investment holding company. Its business segments include Supermarkets, Hotels, properties, and security guard operations. It is organized into two geographical segments, Zimbabwe, and non-Zimbabwe. The majority of its revenue is generated from the Supermarkets segment within Zimbabwe.