African Discovery Group (African Discovery Group) Interest Expense : $0.00 Mil (TTM As of Aug. 2023)

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What is African Discovery Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. African Discovery Group's interest expense for the six months ended in Aug. 2023 was $ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Aug. 2023 was $0.00 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. African Discovery Group's Operating Income for the six months ended in Aug. 2023 was $ 0.13 Mil. African Discovery Group's Interest Expense for the six months ended in Aug. 2023 was $ 0.00 Mil. African Discovery Group has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

African Discovery Group Interest Expense Historical Data

The historical data trend for African Discovery 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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African Discovery Group Interest Expense Chart

African Discovery Group Annual Data

Trend

Dec10

Feb12

Feb13

Feb15

Feb16

Feb17

Interest Expense

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-0.22

-0.41

-0.65

-0.54

-0.36

African Discovery Group Semi-Annual Data
	Jun10	Dec10	Jun11	Feb12	Aug12	Feb13	Aug13	Feb15	Aug15	Feb16	Aug16	Feb17	Aug22	Aug23
Interest Expense	Get a 7-Day Free Trial									-0.33	-0.18	-0.18	-	-

African Discovery 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 Aug. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $0.00 Mil.

African Discovery Group (OTCPK:AFDG) 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.

African Discovery Group's Interest Expense for the six months ended in Aug. 2023 was $0.00 Mil. Its Operating Income for the six months ended in Aug. 2023 was $0.13 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Aug. 2023 was $0.00 Mil.

African Discovery Group's Interest Coverage for the quarter that ended in Aug. 2023 is calculated as

African Discovery Group had no long-term debt ⁽¹⁾.

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

Good Sign:

African Discovery Group Inc has no debt.

African Discovery Group (African Discovery Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » African Discovery Group Inc (OTCPK:AFDG) » Definitions » Interest Expense

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Address

445 Park Avenue, Ninth Floor, New York, NY, USA, 10022

Website

https://www.africandiscoverygroup.com

African Discovery Group Inc primary business from which it currently generates revenue includes power, agriculture/sustainability, media, strategic minerals, and finance sectors on the African continent.

African Discovery Group (African Discovery Group) Headlines

From GuruFocus

African Discovery Group, Inc. (AFDG) enters collaboration with Ogelle, a dedicated African Social Media Network; announces DTC eligibility

By PRNewswire PRNewswire • 02-25-2021

African Discovery Group, Inc. Announces Completion of Capital Raise

By PRNewswire PRNewswire • 02-08-2021