Al Ahleia Insurance Co (KUW:AINS) Interest Expense : KWD-11.4 Mil (TTM As of Mar. 2024)

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What is Al Ahleia Insurance Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Al Ahleia Insurance Co's interest expense for the three months ended in Mar. 2024 was KWD -3.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was KWD-11.4 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. Al Ahleia Insurance Co's Operating Income for the three months ended in Mar. 2024 was KWD 0.0 Mil. Al Ahleia Insurance Co's Interest Expense for the three months ended in Mar. 2024 was KWD -3.3 Mil. Al Ahleia Insurance Co did not have earnings to cover the interest expense. 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.

Al Ahleia Insurance Co Interest Expense Historical Data

The historical data trend for Al Ahleia Insurance Co'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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Al Ahleia Insurance Co Interest Expense Chart

Al Ahleia Insurance Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-5.11

-5.12

-5.73

-6.34

-10.70

Al Ahleia Insurance Co 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															-2.56	-2.83	-2.56	-2.75	-3.28

Al Ahleia Insurance Co 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 KWD-11.4 Mil.

Al Ahleia Insurance Co (KUW:AINS) 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.

Al Ahleia Insurance Co's Interest Expense for the three months ended in Mar. 2024 was KWD-3.3 Mil. Its EBIT for the three months ended in Mar. 2024 was KWD0.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was KWD0.0 Mil.

Al Ahleia Insurance Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

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

Al Ahleia Insurance Co (KUW:AINS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Al Ahleia Insurance Co (KUW:AINS) » Definitions » Interest Expense

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Address

Ahmad Al-Jaber Street, Building 21, Block No. 2, P.O.Box 1602, Al Ahleia Insurance Company Tower, Al-Sharq, Safat, Kuwait, KWT, 13017

Website

http://www.alahleia.com

Al Ahleia Insurance Co is engaged in the provision of insurance and reinsurance products and services. The operating business segments are General risk insurance, Life and Medical insurance and Reinsurance. The general risk insurance segment consists of marine and aviation, general accident and fire. Life and medical insurance segment consist of life insurance and medical insurance. Marine and aviation offer marine cargo and marine hull insurance. The fire and accident provide compensation, money, fidelity guarantee, third-party liability, professional indemnity, and product liability insurance, among others.

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