Orascom Development EgyptE (CAI:ORHD) Interest Expense : E£-1,348 Mil (TTM As of Mar. 2024)

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What is Orascom Development EgyptE Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Orascom Development EgyptE's interest expense for the three months ended in Mar. 2024 was E£ -435 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was E£-1,348 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. Orascom Development EgyptE's Operating Income for the three months ended in Mar. 2024 was E£ 1,009 Mil. Orascom Development EgyptE's Interest Expense for the three months ended in Mar. 2024 was E£ -435 Mil. Orascom Development EgyptE's Interest Coverage for the quarter that ended in Mar. 2024 was 2.32. 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.

Orascom Development EgyptE Interest Expense Historical Data

The historical data trend for Orascom Development EgyptE'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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Orascom Development EgyptE Interest Expense Chart

Orascom Development EgyptE Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-422.38

-324.54

-269.50

-388.19

-1,123.01

Orascom Development EgyptE 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															-210.05	-271.18	-299.54	-342.24	-434.88

Orascom Development EgyptE 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 E£-1,348 Mil.

Orascom Development EgyptE (CAI:ORHD) 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.

Orascom Development EgyptE's Interest Expense for the three months ended in Mar. 2024 was E£-435 Mil. Its Operating Income for the three months ended in Mar. 2024 was E£1,009 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was E£10,548 Mil.

Orascom Development EgyptE'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	*	1008.643	/	-434.875
	=	2.32

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

Orascom Development EgyptE (CAI:ORHD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Orascom Development Egypt SAE (CAI:ORHD) » Definitions » Interest Expense

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Address

Nile City Towers, South Tower, 9th Floor, 2005 A Corniche El Nil, Cairo, EGY, 11221

Website

https://www.orascomde.com

Orascom Development Egypt SAE is engaged in the development of integrated destinations in Egypt including private villas and apartments, hotels, leisure facilities and other supporting infrastructure. Its segments are Hotels, Real estate, Land sales, Town Management and Other Operations. The Hotel segment includes the provision of hospitality services in two to five-star hotels. Its Real-estate and construction segment includes an acquisition of land in undeveloped areas. The Land sales segment includes the sale of land and land rights to others. Town management consists of the provision of facilities and infrastructure services at resorts and towns. The Other segment comprises of rentals from investment properties, mortgages, hospital services, educational services, and other services.

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