Mr Price Group (Mr Price Group) Interest Expense : $-42 Mil (TTM As of Sep. 2023)

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What is Mr Price Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mr Price Group's interest expense for the six months ended in Sep. 2023 was $ -21 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-42 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. Mr Price Group's Operating Income for the six months ended in Sep. 2023 was $ 101 Mil. Mr Price Group's Interest Expense for the six months ended in Sep. 2023 was $ -21 Mil. Mr Price Group's Interest Coverage for the quarter that ended in Sep. 2023 was 4.89. 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.

Mr Price Group Interest Expense Historical Data

The historical data trend for Mr Price Group'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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Mr Price Group Interest Expense Chart

Mr Price Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-0.28

-27.35

-31.87

-36.16

-38.45

Mr Price Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial															-17.55	-19.05	-17.45	-21.63	-20.72

Mr Price Group 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-42 Mil.

Mr Price Group (OTCPK:MRPLY) 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.

Mr Price Group's Interest Expense for the six months ended in Sep. 2023 was $-21 Mil. Its Operating Income for the six months ended in Sep. 2023 was $101 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was $336 Mil.

Mr Price Group's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	101.394	/	-20.722
	=	4.89

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

Mr Price Group (Mr Price Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Mr Price Group Ltd (OTCPK:MRPLY) » Definitions » Interest Expense

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Traded in Other Exchanges

MRP:South Africa

Address

65 Masabalala Yengwa Avenue, Upper Level Durban Station Complex, Stamford Hill, North Concourse, Durban, NL, ZAF, 4001

Website

https://www.mrpricegroup.com

Mr Price Group Ltd is a retailer that sells proprietary-branded apparel and home goods through more than a thousand stores and online channels. It operates almost exclusively in Africa, with the vast majority of sales coming from South Africa. Its stores are concept-specific: mrp, the company's primary store, sells clothes, shoes, and accessories targeting young men and women; mrpSport stores sell sports apparel, equipment, footwear, and accessories; Miladys sells clothing for family-oriented women; mrpHome sells homeware and furniture, and Sheet Street sells home textile and decor products.