Ninety One (JSE:N91) Interest Expense : R-92 Mil (TTM As of Mar. 2024)

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What is Ninety One Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ninety One's interest expense for the six months ended in Mar. 2024 was R -48 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was R-92 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. Ninety One's Operating Income for the six months ended in Mar. 2024 was R 2,333 Mil. Ninety One's Interest Expense for the six months ended in Mar. 2024 was R -48 Mil. Ninety One's Interest Coverage for the quarter that ended in Mar. 2024 was 48.70. 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.

Ninety One Interest Expense Historical Data

The historical data trend for Ninety One'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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Ninety One Interest Expense Chart

Ninety One Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-63.98

-80.95

-78.84

-84.21

-93.40

Ninety One Semi-Annual Data
	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial									-39.42	-35.87	-44.32	-44.60	-47.90

Ninety One 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 Mar. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was R-92 Mil.

Ninety One (JSE:N91) 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.

Ninety One's Interest Expense for the six months ended in Mar. 2024 was R-48 Mil. Its Operating Income for the six months ended in Mar. 2024 was R2,333 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was R2,028 Mil.

Ninety One's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	2332.625	/	-47.898
	=	48.70

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

Ninety One (JSE:N91) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Ninety One PLC (JSE:N91) » Definitions » Interest Expense

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Traded in Other Exchanges

N91l:UK N91:UK

Address

55 Gresham Street, London, GBR, EC2V 7EL

Website

https://www.ninetyone.com

Ninety One PLC is engaged in the business of investment management. The company deals in four core asset classes - Equities, Fixed income, Multi-Asset and Alternative Strategies. It provides portfolio management, investment advisory, and other financial services.

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