Mabanee Co KPSC (KUW:MABANEE) Interest Expense : KWD-13.4 Mil (TTM As of Mar. 2024)

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What is Mabanee Co KPSC Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mabanee Co KPSC's interest expense for the three months ended in Mar. 2024 was KWD -3.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was KWD-13.4 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. Mabanee Co KPSC's Operating Income for the three months ended in Mar. 2024 was KWD 17.8 Mil. Mabanee Co KPSC's Interest Expense for the three months ended in Mar. 2024 was KWD -3.7 Mil. Mabanee Co KPSC's Interest Coverage for the quarter that ended in Mar. 2024 was 4.79. 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.

Mabanee Co KPSC Interest Expense Historical Data

The historical data trend for Mabanee Co KPSC'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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Mabanee Co KPSC Interest Expense Chart

Mabanee Co KPSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-4.01

-5.10

-5.12

-6.71

-12.00

Mabanee Co KPSC 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															-2.29	-2.60	-2.46	-4.66	-3.71

Mabanee Co KPSC 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-13.4 Mil.

Mabanee Co KPSC (KUW:MABANEE) 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.

Mabanee Co KPSC's Interest Expense for the three months ended in Mar. 2024 was KWD-3.7 Mil. Its Operating Income for the three months ended in Mar. 2024 was KWD17.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was KWD531.7 Mil.

Mabanee Co KPSC'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	*	17.767	/	-3.712
	=	4.79

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

Mabanee Co KPSC (KUW:MABANEE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Mabanee Co KPSC (KUW:MABANEE) » Definitions » Interest Expense

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Address

Al Rai Area, Sheikh Zayed bin Sultan Al Nahyan Road, P.O. Box 5132, The Avenues - 2nd Avenue, Entrance 9, Safat, Kuwait, KWT, 13052

Website

https://www.mabanee.com

Mabanee Co KPSC is a Kuwait-based company which sells, purchases, develops, and operates real estate properties in Kuwait and abroad, including hotels, guest houses, residential and touristic complexes. The company operates through business segments namely Construction and real estate investment, Financial investments, and Hotel operations. It generates maximum revenue from Construction and real estate investment segment. The Construction and real estate investment segment include real estate development, project leasing and construction activity for self or others.

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