Kuwait Investment CoK (KUW:KINV) Interest Expense : KWD-4.53 Mil (TTM As of Mar. 2024)

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What is Kuwait Investment CoK Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Kuwait Investment CoK's interest expense for the three months ended in Mar. 2024 was KWD -1.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was KWD-4.53 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. Kuwait Investment CoK's Operating Income for the three months ended in Mar. 2024 was KWD 7.07 Mil. Kuwait Investment CoK's Interest Expense for the three months ended in Mar. 2024 was KWD -1.01 Mil. Kuwait Investment CoK's Interest Coverage for the quarter that ended in Mar. 2024 was 6.99. 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.

Kuwait Investment CoK Interest Expense Historical Data

The historical data trend for Kuwait Investment CoK'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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Kuwait Investment CoK Interest Expense Chart

Kuwait Investment CoK Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-3.17

-2.32

-1.70

-2.66

-4.74

Kuwait Investment CoK 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															-1.22	-1.02	-1.10	-1.40	-1.01

Kuwait Investment CoK 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-4.53 Mil.

Kuwait Investment CoK (KUW:KINV) 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.

Kuwait Investment CoK's Interest Expense for the three months ended in Mar. 2024 was KWD-1.01 Mil. Its Operating Income for the three months ended in Mar. 2024 was KWD7.07 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was KWD3.99 Mil.

Kuwait Investment CoK'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	*	7.071	/	-1.011
	=	6.99

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

Kuwait Investment CoK (KUW:KINV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Kuwait Investment Co SAK (KUW:KINV) » Definitions » Interest Expense

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Address

Mubarak Al Kabeer Street, P.O. Box 1005, Souk Al Manakh Building, 5th Floor, Sharq, Safat, Kuwait, KWT, 13011

Website

https://www.kic.com.kw

Kuwait Investment Co SAK is an investment company. The company has four operating segments which include Asset Management; Direct Investments and Corporate Finance (DICF); Treasury and Other operations. It generates the majority of revenue from the DICF and Other operation segments. The DICF segment consists of managing subsidiaries, associates, long-term strategic investments, lending, real estate, and rental activities. Geographically, it derives a majority of its revenue from Kuwait.

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