Oman Flour Mills (MUS:OFMI) Interest Expense : ر.ع-0.39 Mil (TTM As of Jun. 2019)

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What is Oman Flour Mills Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Oman Flour Mills's interest expense for the three months ended in Jun. 2019 was ر.ع -0.24 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2019 was ر.ع-0.39 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. Oman Flour Mills's Operating Income for the three months ended in Jun. 2019 was ر.ع 1.77 Mil. Oman Flour Mills's Interest Expense for the three months ended in Jun. 2019 was ر.ع -0.24 Mil. Oman Flour Mills's Interest Coverage for the quarter that ended in Jun. 2019 was 7.36. 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.

Oman Flour Mills Interest Expense Historical Data

The historical data trend for Oman Flour Mills'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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Oman Flour Mills Interest Expense Chart

Oman Flour Mills Annual Data

Trend

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Interest Expense

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-0.02

-0.30

-0.27

-0.28

Oman Flour Mills Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Sep18	Mar19	Jun19
Interest Expense	Get a 7-Day Free Trial															-0.23	-	-	-0.15	-0.24

Oman Flour Mills 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 Jun. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was ر.ع-0.39 Mil.

Oman Flour Mills (MUS:OFMI) 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.

Oman Flour Mills's Interest Expense for the three months ended in Jun. 2019 was ر.ع-0.24 Mil. Its Operating Income for the three months ended in Jun. 2019 was ر.ع1.77 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2019 was ر.ع14.06 Mil.

Oman Flour Mills's Interest Coverage for the quarter that ended in Jun. 2019 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2019 )	/	Interest Expense (Q: Jun. 2019 )
	=	-1	*	1.767	/	-0.24
	=	7.36

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

Oman Flour Mills (MUS:OFMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Oman Flour Mills (MUS:OFMI) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 566, Ruwi, OMN, 112

Website

http://www.omanflourmills.com

Oman Flour Mills is an Oman-based company engaged in the milling of wheat and other cereals and sale of flour, and the processing and sale of animal feed. In addition, the company through its subsidiaries is also involved in the production and sale of eggs, and selling and distribution of franchise frozen bakery products. The group generates the majority of the revenue from the processing and sale of a flour mill and feed mill. The company markets its flour mill products through Dahabi brand and feed mill products through Barakat brand.

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