Safaricom (NAI:SCOM) Interest Expense : KES-16,642 Mil (TTM As of Mar. 2024)

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What is Safaricom Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Safaricom's interest expense for the six months ended in Mar. 2024 was KES -9,520 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was KES-16,642 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. Safaricom's Operating Income for the six months ended in Mar. 2024 was KES 38,898 Mil. Safaricom's Interest Expense for the six months ended in Mar. 2024 was KES -9,520 Mil. Safaricom's Interest Coverage for the quarter that ended in Mar. 2024 was 4.09. 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.

Safaricom Interest Expense Historical Data

The historical data trend for Safaricom'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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Safaricom Interest Expense Chart

Safaricom Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-2,047.10

-3,627.60

-5,347.70

-11,045.10

-16,641.50

Safaricom Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial															-2,364.90	-2,932.30	-8,112.80	-7,121.30	-9,520.20

Safaricom 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was KES-16,642 Mil.

Safaricom (NAI:SCOM) 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.

Safaricom's Interest Expense for the six months ended in Mar. 2024 was KES-9,520 Mil. Its Operating Income for the six months ended in Mar. 2024 was KES38,898 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was KES111,568 Mil.

Safaricom's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	38898	/	-9520.2
	=	4.09

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

Safaricom (NAI:SCOM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Safaricom PLC (NAI:SCOM) » Definitions » Interest Expense

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Address

Safaricom House, Waiyaki Way, P.O. Box 66827, Westlands, Nairobi, KEN, 00800

Website

https://www.safaricom.co.ke

Safaricom PLC is a Kenya-based telecommunications company. The principal activities of the company are the provision of telecommunication services, providing a comprehensive range of integrated telecommunication services including voice and data both mobile and fixed, SMS, the internet, and m-pesa. The company also offers a wide range of devices such as Mobile handsets, mobile broadband modems, routers, tablets, and notebooks. The majority of its revenue comes from service revenues: Voice, m-pesa, mobile data, messaging, fixed data and other service revenue. The company serves both individual and corporate/enterprise customers.