Airtel Africa (LSE:AAF) Interest Expense : £-384 Mil (TTM As of Mar. 2024)

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What is Airtel Africa Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Airtel Africa's interest expense for the three months ended in Mar. 2024 was £ -94 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was £-384 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. Airtel Africa's Operating Income for the three months ended in Mar. 2024 was £ 273 Mil. Airtel Africa's Interest Expense for the three months ended in Mar. 2024 was £ -94 Mil. Airtel Africa's Interest Coverage for the quarter that ended in Mar. 2024 was 2.89. 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.

Airtel Africa Interest Expense Historical Data

The historical data trend for Airtel Africa'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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Airtel Africa Interest Expense Chart

Airtel Africa Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-241.59

-220.63

-235.29

-298.29

-379.33

Airtel Africa 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															-56.86	-95.83	-92.92	-100.33	-94.44

Airtel Africa 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 £-384 Mil.

Airtel Africa (LSE:AAF) 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.

Airtel Africa's Interest Expense for the three months ended in Mar. 2024 was £-94 Mil. Its Operating Income for the three months ended in Mar. 2024 was £273 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was £2,108 Mil.

Airtel Africa'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	*	273.089	/	-94.44
	=	2.89

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

Airtel Africa (LSE:AAF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Airtel Africa PLC (LSE:AAF) » Definitions » Interest Expense

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Traded in Other Exchanges

AARTY:USA AAFRF:USA AIRTELAFRI:Nigeria AAFl:UK 9AA:Germany

Address

53/54 Grosvenor Street, First Floor, London, GBR, W1K 3HU

Website

https://www.airtel.africa.com

Airtel Africa PLC is engaged in providing affordable and innovative mobile services. The company's segment includes Nigeria mobile services; East Africa mobile services; Francophone Africa mobile services; Mobile money and others. It generates maximum revenue from the Nigeria mobile services segment. Nigeria mobile services segment comprising of mobile service operations in Nigeria.

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