Lafarge Africa (NSA:WAPCO) Interest Expense : ₦-710 Mil (TTM As of Mar. 2024)

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What is Lafarge Africa Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lafarge Africa's interest expense for the three months ended in Mar. 2024 was ₦ -353 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₦-710 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. Lafarge Africa's Operating Income for the three months ended in Mar. 2024 was ₦ 30,195 Mil. Lafarge Africa's Interest Expense for the three months ended in Mar. 2024 was ₦ -353 Mil. Lafarge Africa's Interest Coverage for the quarter that ended in Mar. 2024 was 85.53. 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.

Lafarge Africa Interest Expense Historical Data

The historical data trend for Lafarge 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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Lafarge Africa Interest Expense Chart

Lafarge Africa Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-19,277.91

-8,191.01

-4,055.88

-1,215.02

-929.12

Lafarge 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															-572.36	-232.74	-309.13	185.11	-353.03

Lafarge 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 ₦-710 Mil.

Lafarge Africa (NSA:WAPCO) 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.

Lafarge Africa's Interest Expense for the three months ended in Mar. 2024 was ₦-353 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₦30,195 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₦326 Mil.

Lafarge 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	*	30195.21	/	-353.029
	=	85.53

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Lafarge Africa PLC has enough cash to cover all of its debt. Its financial situation is stable.

Lafarge Africa (NSA:WAPCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Lafarge Africa PLC (NSA:WAPCO) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

No. 27B, Gerrard Road, Ikoyi, Lagos, NGA

Website

https://www.lafarge.com.ng

Lafarge Africa PLC through its subsidiaries is engaged in the manufacturing and marketing of cement, concrete, and aggregates products, including the provision of building solutions. Its products include Ashakacem, UniCem, Elephant cement, Lafarge Powermax, RoadCem, and Supaset cement among others. It has operations in South Africa and Nigeria generating a vast majority of its revenues within Nigeria from the sales of Cement. It has two segments Cement & Readymixed products. The majority is from the cement segment.

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