Lesaka Technologies (Lesaka Technologies) Interest Expense : $-19.5 Mil (TTM As of Mar. 2024)

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What is Lesaka Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lesaka Technologies's interest expense for the three months ended in Mar. 2024 was $ -4.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-19.5 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. Lesaka Technologies's Operating Income for the three months ended in Mar. 2024 was $ 1.4 Mil. Lesaka Technologies's Interest Expense for the three months ended in Mar. 2024 was $ -4.6 Mil. Lesaka Technologies's Interest Coverage for the quarter that ended in Mar. 2024 was 0.31. 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.

Lesaka Technologies Interest Expense Historical Data

The historical data trend for Lesaka Technologies'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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Lesaka Technologies Interest Expense Chart

Lesaka Technologies Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-9.86

-7.64

-2.98

-5.83

-18.57

Lesaka Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-4.98	-5.16	-4.91	-4.82	-4.58

Lesaka Technologies 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 quarterly data reported by the company within the most recent 12 months, which was $-19.5 Mil.

Lesaka Technologies (NAS:LSAK) 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.

Lesaka Technologies's Interest Expense for the three months ended in Mar. 2024 was $-4.6 Mil. Its Operating Income for the three months ended in Mar. 2024 was $1.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $136.3 Mil.

Lesaka Technologies'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	*	1.425	/	-4.581
	=	0.31

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

Lesaka Technologies (Lesaka Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Lesaka Technologies Inc (NAS:LSAK) » Definitions » Interest Expense

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LSK:South Africa

Address

Corner Jan Smuts Avenue and Bolton Road, President Place, 4th Floor, Rosebank, Johannesburg, GT, ZAF, 2196

Website

https://www.lesakatech.com

Lesaka Technologies Inc provides payment solutions, transaction processing solutions, and financial technologies. The company operates two reportable segments: Merchant and Consumer. The company operates mainly within South Africa. The Merchant segment that derives majority revenue includes activities related to the provision of goods and services provided to corporate and other juristic entities. It earns fees from processing activities performed for its customers and revenue generated from the distribution of prepaid airtime. The Consumer segment includes activities related to the provision of financial services to customers, including bank accounts, loans, and insurance products. The firm charges monthly administration fees for all bank accounts.

Executives

Ali Mazanderani	director	C/O NET 1 UEPS TECHNOLOGIES, INC., 4TH FL CNR JAN SMUT AVE & BOLTON RD., ROSEBANK, JOHANNESBURG T3 00000
Value Capital Partners (pty) Ltd	10 percent owner	ROSEBANK LINK, 173 OXFORD ROAD, 8TH FLOOR, GAUTENG T3 2196
Meyer Christopher G.b.	director, officer: Chief Executive Officer	C/O NET 1 UEPS TECHNOLOGIES, INC., 4TH FL CNR JAN SMUT AVE & BOLTON RD, ROSEBANK, JOHANNESBURG T3 00000
Sharron Venessa Naidoo	director	643 WILLOWGROVE ROAD, DAINFERN T3 2055
Lincoln Camagu Mali	officer: CEO: South Africa	C/O NET 1 UEPS TECHNOLOGIES, INC., 4TH FL CNR JAN SMUT AVE & BOLTON RD, ROSEBANK, JOHANNESBURG T3 00000
Steven John Heilbron	director, officer: Connect Grp Chief Exec Officer	C/O SOUVARIS PROPERTIES 45 PTY LTD, 139 KLOOF ROAD, CLIFTON T3 8005
Monde Nkosi	director	C/O VALUE CAPITAL PARTNERS, 173 OXFORD ROAD, ROSEBANK LINK 8TH FLOOR, GAUTENG T3 2196
Anthony C Ball	director	PRIVATE BAG XI, NORTHLANDS T3 2116
Naeem Ebrahim Kola	director, officer: Group Chief Financial Officer	VILLA E2, STREET E13, DISTRICT 5, JUMEIRAH PARK, DUBAI C0 00000
Nonkululeko Nompumelelo Gobodo	director	C/O NET 1 UEPS TECHNOLOGIES, INC., 4TH FL CNR JAN SMUT AVE & BOLTON RD, ROSEBANK, JOHANNESBURG T3 00000
Nunthakumarin Pillay	officer: Managing Dir.: South Africa	PRESIDENT PLACE, 4TH FLOOR, CNR. JAN SMUTS AVENUE AND BOLTON ROAD, ROSEBANK, JOHANNESBURG T3 T3
Jabulane Albert Mabuza	director	C/O NET 1 UEPS TECHNOLOGIES, INC., 4TH FL CNR JAN SMUT AVE & BOLTON RD., ROSEBANK, JOHANNESBURG T3 00000
Javed Hamid	director	C/O NET 1 UEPS TECHNOLOGIES, INC., 4TH FL CNR JAN SMUT AVE & BOLTON RD, ROSEBANK, JOHANNESBURG T3 00000
Ekta Singh-bushell	director	9197 S. PEORIA ST., ENGLEWOOD CO 80112
Kubandiran Pillay	director	C/O NET 1 UEPS TECHNOLOGIES, INC., 4TH FL CNR JAN SMUTS AVE & BOLTON RD, ROSEBANK, JOHANNESBURG T3 00000