IFA Hotels & Resorts Co KSCC (KUW:IFAHR) Interest Expense : KWD-4.87 Mil (TTM As of Mar. 2024)

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What is IFA Hotels & Resorts Co KSCC Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. IFA Hotels & Resorts Co KSCC's interest expense for the three months ended in Mar. 2024 was KWD -1.32 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was KWD-4.87 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. IFA Hotels & Resorts Co KSCC's Operating Income for the three months ended in Mar. 2024 was KWD 2.32 Mil. IFA Hotels & Resorts Co KSCC's Interest Expense for the three months ended in Mar. 2024 was KWD -1.32 Mil. IFA Hotels & Resorts Co KSCC's Interest Coverage for the quarter that ended in Mar. 2024 was 1.76. 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.

IFA Hotels & Resorts Co KSCC Interest Expense Historical Data

The historical data trend for IFA Hotels & Resorts Co KSCC'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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IFA Hotels & Resorts Co KSCC Interest Expense Chart

IFA Hotels & Resorts Co KSCC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-8.96

-7.02

-5.43

-4.13

-4.85

IFA Hotels & Resorts Co KSCC 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															-1.29	-1.29	-1.32	-0.94	-1.32

IFA Hotels & Resorts Co KSCC 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-4.87 Mil.

IFA Hotels & Resorts Co KSCC (KUW:IFAHR) 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.

IFA Hotels & Resorts Co KSCC's Interest Expense for the three months ended in Mar. 2024 was KWD-1.32 Mil. Its Operating Income for the three months ended in Mar. 2024 was KWD2.32 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was KWD50.50 Mil.

IFA Hotels & Resorts Co KSCC'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	*	2.323	/	-1.319
	=	1.76

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. IFA Hotels & Resorts Co KSCCs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

IFA Hotels & Resorts Co KSCC (KUW:IFAHR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » IFA Hotels & Resorts Co KSCC (KUW:IFAHR) » Definitions » Interest Expense

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Address

Souk Al-Kuwait Building, Block A, P.O. Box 4694, 8th Floor, Al Abdul Razzak Square, Safat, Kuwait City, KWT, 13047

Website

https://www.ifahotelsresorts.com

IFA Hotels & Resorts Co KSCC is engaged in the development and operations of mixed-use hotel and tourism resort projects and luxury leisure services. In addition, it invests in the land; and engages in property development activities. The company operates in four reportable segments namely property development, hoteliering, investments, and others. The majority of the revenue is generated from the property development segment. Its geographical segments include Kuwait, United Arab Emirates & Asia, Africa, and others, of which majority revenue comes from the United Arab Emirates & Asia.

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