Gulf Bank KSC (KUW:GBK) Interest Expense : KWD-229.0 Mil (TTM As of Mar. 2024)

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What is Gulf Bank KSC Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Gulf Bank KSC's interest expense for the three months ended in Mar. 2024 was KWD -60.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was KWD-229.0 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. Gulf Bank KSC's Operating Income for the three months ended in Mar. 2024 was KWD Mil. Gulf Bank KSC's Interest Expense for the three months ended in Mar. 2024 was KWD Mil. 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.

Gulf Bank KSC Interest Expense Historical Data

The historical data trend for Gulf Bank KSC'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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Gulf Bank KSC Interest Expense Chart

Gulf Bank KSC Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-111.24

-84.58

-53.68

-102.27

-219.53

Gulf Bank KSC 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															-50.77	-53.00	-56.23	-59.54	-60.20

Gulf Bank KSC 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-229.0 Mil.

Gulf Bank KSC (KUW:GBK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Gulf Bank KSC (KUW:GBK) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Mubarak Al Kabir Street, P. O. Box 3200, Safat, Kuwait, KWT, 13032

Website

https://www.e-gulfbank.com

Gulf Bank KSC is predominantly a Kuwait-based banking service company. The bank's business activities are mapped into two business lines which are Commercial Banking, Treasury & Investments. Commercial Banking engages in the acceptance of deposits from individuals, corporate and institutional customers, and providing consumer loans, overdrafts, credit card facilities, and funds transfer facilities to individuals; and other credit facilities to corporate and institutional customers. The Treasury & Investments segment provides money market, trading, and treasury services, as well as the management of the Bank's funding operations by use of Kuwait Government treasury bonds, government securities, placements, and acceptances with other banks.

Gulf Bank KSC (KUW:GBK) Headlines

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