Flour Mills Nigeria (NSA:FMNL) Interest Expense : ₦-55,726 Mil (TTM As of Mar. 2023)

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What is Flour Mills Nigeria Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Flour Mills Nigeria's interest expense for the six months ended in Mar. 2023 was ₦ -55,726 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2023 was ₦-55,726 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. Flour Mills Nigeria's Operating Income for the six months ended in Mar. 2023 was ₦ 112,964 Mil. Flour Mills Nigeria's Interest Expense for the six months ended in Mar. 2023 was ₦ -55,726 Mil. Flour Mills Nigeria's Interest Coverage for the quarter that ended in Mar. 2023 was 2.03. 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.

Flour Mills Nigeria Interest Expense Historical Data

The historical data trend for Flour Mills Nigeria'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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Flour Mills Nigeria Interest Expense Chart

Flour Mills Nigeria Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-22,891.18

-19,975.47

-18,655.20

-25,481.62

-55,725.72

Flour Mills Nigeria Semi-Annual Data
	Mar11	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
Interest Expense	Get a 7-Day Free Trial								-22,891.18	-19,975.47	-18,655.20	-25,481.62	-55,725.72

Flour Mills Nigeria Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Interest Expense for the trailing twelve months (TTM) ended in Mar. 2023 was ₦-55,726 Mil.

Flour Mills Nigeria (NSA:FMNL) 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.

Flour Mills Nigeria's Interest Expense for the six months ended in Mar. 2023 was ₦-55,726 Mil. Its Operating Income for the six months ended in Mar. 2023 was ₦112,964 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2023 was ₦225,963 Mil.

Flour Mills Nigeria'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	*	112963.998	/	-55725.721
	=	2.03

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

Flour Mills Nigeria (NSA:FMNL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Flour Mills Nigeria PLC (NSA:FMNL) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

Wharf Road, 1, Golden Penny Place, Apapa, Lagos, NGA

Website

https://www.fmnplc.com

Flour Mills Nigeria PLC is an investment holding company. The company's operating segment includes Food; Agro Allied; Sugar and Support Services. It generates maximum revenue from the Food segment which includes milling and sales of flour and production and sales of pasta, snacks, and noodles. Its Agro-Allied segment includes farming of maize, cassava, soya, sugar cane and oil palm and production and sales of fertilizer, edible oils and livestock feeds. The Sugar segment includes the cultivation and processing of sugarcane, refining and selling of sugar and sale of by-products from sugar refining.

Flour Mills Nigeria (NSA:FMNL) Headlines

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