Sidi Kerir Petrochemicals (CAI:SKPC) Interest Expense : E£-134 Mil (TTM As of Dec. 2023)

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What is Sidi Kerir Petrochemicals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sidi Kerir Petrochemicals's interest expense for the three months ended in Dec. 2023 was E£ -37 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was E£-134 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. Sidi Kerir Petrochemicals's Operating Income for the three months ended in Dec. 2023 was E£ 693 Mil. Sidi Kerir Petrochemicals's Interest Expense for the three months ended in Dec. 2023 was E£ -37 Mil. Sidi Kerir Petrochemicals's Interest Coverage for the quarter that ended in Dec. 2023 was 18.72. 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.

Sidi Kerir Petrochemicals Interest Expense Historical Data

The historical data trend for Sidi Kerir Petrochemicals'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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Sidi Kerir Petrochemicals Interest Expense Chart

Sidi Kerir Petrochemicals Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-46.32

-26.85

-51.22

-64.31

-134.30

Sidi Kerir Petrochemicals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-24.20	-31.37	-30.94	-34.97	-37.02

Sidi Kerir Petrochemicals 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was E£-134 Mil.

Sidi Kerir Petrochemicals (CAI:SKPC) 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.

Sidi Kerir Petrochemicals's Interest Expense for the three months ended in Dec. 2023 was E£-37 Mil. Its Operating Income for the three months ended in Dec. 2023 was E£693 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was E£830 Mil.

Sidi Kerir Petrochemicals's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	692.832	/	-37.015
	=	18.72

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

Sidi Kerir Petrochemicals (CAI:SKPC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sidi Kerir Petrochemicals (CAI:SKPC) » Definitions » Interest Expense

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Address

KM 36, Alexandria/Cairo Desert Road El-Amerya, El-Nahda Territory, Alexandria, EGY

Website

https://www.sidpec.com

Sidi Kerir Petrochemicals is an Egyptian joint stock company engaged in the production and distribution of petrochemical products. Its products are used in different applications, including film, blow molding, roto-molding and injection molding. The trade name of Sidi Kerir Petrochemicals polymers is named the Egyptene polymer portfolio includes linear low-density polyethylene and high-density polyethylene.

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