Afriquia Gaz (CAS:GAZ) Interest Expense : MAD-149 Mil (TTM As of Dec. 2023)

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What is Afriquia Gaz Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Afriquia Gaz's interest expense for the six months ended in Dec. 2023 was MAD -75 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was MAD-149 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. Afriquia Gaz's Operating Income for the six months ended in Dec. 2023 was MAD 526 Mil. Afriquia Gaz's Interest Expense for the six months ended in Dec. 2023 was MAD -75 Mil. Afriquia Gaz's Interest Coverage for the quarter that ended in Dec. 2023 was 6.97. 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.

Afriquia Gaz Interest Expense Historical Data

The historical data trend for Afriquia Gaz'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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Afriquia Gaz Interest Expense Chart

Afriquia Gaz Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-54.43

-59.04

-73.45

-106.32

-149.29

Afriquia Gaz Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-36.72	-47.95	-58.37	-73.80	-75.49

Afriquia Gaz 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 semi-annually data reported by the company within the most recent 12 months, which was MAD-149 Mil.

Afriquia Gaz (CAS:GAZ) 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.

Afriquia Gaz's Interest Expense for the six months ended in Dec. 2023 was MAD-75 Mil. Its Operating Income for the six months ended in Dec. 2023 was MAD526 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was MAD894 Mil.

Afriquia Gaz's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	526.401	/	-75.492
	=	6.97

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

Afriquia Gaz (CAS:GAZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Afriquia Gaz (CAS:GAZ) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

139 Boulevard Moulay Ismail, Casablanca, MAR, 20700

Website

http://www.afriquiagaz.com

Afriquia Gaz is a Morocco-based company engaged in the business of distributing liquefied petroleum gas (LPG) such as butane, propane and its by-products. The company is also involved in the import, export, trade, refining, storage, stocking, transportation, deposit and administration of LPG. It markets its products under five brands namely Afriquia Gaz, Tissir Gaz, Campingaz, Ultragaz and National Gaz.