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The Okomu Oil Palm Co (NSA:OKMO) Interest Expense : ₦-3,674 Mil (TTM As of Dec. 2023)


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What is The Okomu Oil Palm Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. The Okomu Oil Palm Co's interest expense for the three months ended in Dec. 2023 was ₦ -2,934 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₦-3,674 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. The Okomu Oil Palm Co's Operating Income for the three months ended in Dec. 2023 was ₦ -3,477 Mil. The Okomu Oil Palm Co's Interest Expense for the three months ended in Dec. 2023 was ₦ -2,934 Mil. The Okomu Oil Palm Co 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.

The Okomu Oil Palm Co Interest Expense Historical Data

The historical data trend for The Okomu Oil Palm Co'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.

* Premium members only.

The Okomu Oil Palm Co Interest Expense Chart

The Okomu Oil Palm Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -151.90 -868.54 -671.59 -1,071.27 -3,674.13

The Okomu Oil Palm Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -591.54 -246.64 -246.07 -247.47 -2,933.95

The Okomu Oil Palm Co 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₦-3,674 Mil.

* 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.

The Okomu Oil Palm Co  (NSA:OKMO) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

The Okomu Oil Palm Co's Interest Expense for the three months ended in Dec. 2023 was ₦-2,934 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₦-3,477 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₦16,728 Mil.

The Okomu Oil Palm Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

The Okomu Oil Palm Co did not have earnings to cover the interest expense.

* 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.

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

The Okomu Oil Palm Co (NSA:OKMO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The Okomu Oil Palm Co PLC (NSA:OKMO) » Definitions » Interest Expense
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NSA:PRESCO NSA:UACN ADM SZSE:002714 SZSE:300498 SHSE:600438 TSN BG OSL:MOWI OSL:SALM SZSE:000876 ISX:CPIN XKLS:2445 XKLS:4065 BKK:CPF SZSE:002385 SHSE:600095 SHSE:600598 SZSE:002299 SZSE:000998
Traded in Other Exchanges
N/A
Address
Okomu-Udo, Ovia South West LGA, P.M.B, Benin, NGA, 1449
Website
https://www.okomunigeria.com
The Okomu Oil Palm Co PLC engages in the cultivation of oil palm and rubber in Nigeria. The company has three reportable segments; the Palm Plantation segment, which produces fresh fruit bunches, crude palm oil, and crude palm kernel; the Rubber Plantation segment, which produces latex and rubber cake; and the Palm Processing segment, which renders palm processing from the company's mill processing equipment. The company processes fresh fruit bunches into crude palm oil for resale, and rubber lumps to rubber cake for export. The company generates maximum revenue from Palm oil products and Rubber products.

The Okomu Oil Palm Co (NSA:OKMO) Headlines

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