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National Cleaning Co (KUW:CLEANING) Interest Expense : KWD-0.62 Mil (TTM As of Mar. 2024)


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What is National Cleaning Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. National Cleaning Co's interest expense for the three months ended in Mar. 2024 was KWD -0.19 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was KWD-0.62 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. National Cleaning Co's Operating Income for the three months ended in Mar. 2024 was KWD 0.16 Mil. National Cleaning Co's Interest Expense for the three months ended in Mar. 2024 was KWD -0.19 Mil. National Cleaning Co's Interest Coverage for the quarter that ended in Mar. 2024 was 0.87. 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.

National Cleaning Co Interest Expense Historical Data

The historical data trend for National Cleaning 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.

* Premium members only.

National Cleaning Co Interest Expense Chart

National Cleaning Co Annual Data
Trend Dec11 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.75 -0.61 -0.57 -0.65 -0.62

National Cleaning 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.19 -0.15 -0.16 -0.13 -0.19

National Cleaning 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-0.62 Mil.

* 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.

National Cleaning Co  (KUW:CLEANING) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

National Cleaning Co's Interest Expense for the three months ended in Mar. 2024 was KWD-0.19 Mil. Its Operating Income for the three months ended in Mar. 2024 was KWD0.16 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was KWD25.65 Mil.

National Cleaning Co'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*0.162/-0.187
=0.87

* 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.

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

National Cleaning Co (KUW:CLEANING) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » National Cleaning Co (KUW:CLEANING) » Definitions » Interest Expense
Comparable Companies
KUW:MRC WM RSG WCN XPAR:VIE GFL CLH XMAD:FCC CWST SHSE:603568 SZSE:002340 SRCL ASX:CWY SZSE:300070 OSL:TOM HKSE:00257 SZSE:000035 SHSE:601827 SHSE:603588 TSX:SES
Traded in Other Exchanges
N/A
Address
Near National Oil Company, P.O Box 25702, North Sabhan, Safat, Kuwait City, KWT, 13118
Website
http://www.ncc-kw.com
National Cleaning Co is a Kuwait based company. It has three segments. The Cleaning segment, which is the key revenue driver, includes external cleaning contracts, environment cleaning contracts, and supply and sale of cleaning materials and the materials necessary to remedy environmental pollution. The Agriculture and animal production segment includes contracts for the construction, landscaping, beautifying, and cleaning of parks and related agricultural works and trading in agricultural equipment and anima production. The Financial investment segment includes investing in money market instruments and investment in the management of quoted and unquoted equity in the organized financial market. Geographically, it has a presence in Kuwait, Qatar, Turkey, and India.

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