Steinhoff International Holdings NV (LTS:0RDG) Interest Expense : €-1,139 Mil (TTM As of Mar. 2023)

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What is Steinhoff International Holdings NV Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Steinhoff International Holdings NV's interest expense for the six months ended in Mar. 2023 was € -526 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2023 was €-1,139 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. Steinhoff International Holdings NV's Operating Income for the six months ended in Mar. 2023 was € 517 Mil. Steinhoff International Holdings NV's Interest Expense for the six months ended in Mar. 2023 was € -526 Mil. Steinhoff International Holdings NV's Interest Coverage for the quarter that ended in Mar. 2023 was 0.98. 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.

Steinhoff International Holdings NV Interest Expense Historical Data

The historical data trend for Steinhoff International Holdings NV'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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Steinhoff International Holdings NV Interest Expense Chart

Steinhoff International Holdings NV Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Interest Expense

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-402.00

-1,036.00

-1,195.00

-1,188.00

-1,187.00

Steinhoff International Holdings NV Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Interest Expense	Get a 7-Day Free Trial															-588.00	-600.00	-574.00	-613.00	-526.00

Steinhoff International Holdings NV 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-1,139 Mil.

Steinhoff International Holdings NV (LTS:0RDG) 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.

Steinhoff International Holdings NV's Interest Expense for the six months ended in Mar. 2023 was €-526 Mil. Its Operating Income for the six months ended in Mar. 2023 was €517 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2023 was €0 Mil.

Steinhoff International Holdings NV's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2023 )	/	Interest Expense (Q: Mar. 2023 )
	=	-1	*	517	/	-526
	=	0.98

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Steinhoff International Holdings NVs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Steinhoff International Holdings NV (LTS:0RDG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Steinhoff International Holdings NV (LTS:0RDG) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Cnr Adam Tas and Devon Valley Road, Building B2, Vineyard Office Park, Stellenbosch, WC, ZAF, 7600

Website

https://www.steinhoffinternational.com

Steinhoff International Holdings NV is a global holding company with investments in retail businesses in Africa, Australasia, Europe, the United Kingdom, and the United States. The company's four business segments include Pepco Group, Greenlit Brands, Pepkor Holdings, and Group services. The majority of the revenue comes from both Pepco Group and Pepkor Holdings. Pepco Group consists of the general merchandise retail business of Pepco and Poundland. Pepkor Holdings includes retail chains predominantly selling clothing, footwear, textiles, cell phones, airtime, and fast-moving consumer goods, with its revenue mainly derived from South Africa. The holding company operates globally, with the majority of sales coming from Africa and Europe.

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