Abdullah Al Othaim Markets Co (SAU:4001) Interest Expense : ﷼-119 Mil (TTM As of Mar. 2024)

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What is Abdullah Al Othaim Markets Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Abdullah Al Othaim Markets Co's interest expense for the three months ended in Mar. 2024 was ﷼ -31 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ﷼-119 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. Abdullah Al Othaim Markets Co's Operating Income for the three months ended in Mar. 2024 was ﷼ 94 Mil. Abdullah Al Othaim Markets Co's Interest Expense for the three months ended in Mar. 2024 was ﷼ -31 Mil. Abdullah Al Othaim Markets Co's Interest Coverage for the quarter that ended in Mar. 2024 was 2.98. 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.

Abdullah Al Othaim Markets Co Interest Expense Historical Data

The historical data trend for Abdullah Al Othaim Markets Co'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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Abdullah Al Othaim Markets Co Interest Expense Chart

Abdullah Al Othaim Markets Co Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-62.86

-66.72

-70.57

-83.49

-113.26

Abdullah Al Othaim Markets Co 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															-25.78	-26.38	-27.39	-33.71	-31.39

Abdullah Al Othaim Markets Co 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 ﷼-119 Mil.

Abdullah Al Othaim Markets Co (SAU:4001) 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.

Abdullah Al Othaim Markets Co's Interest Expense for the three months ended in Mar. 2024 was ﷼-31 Mil. Its Operating Income for the three months ended in Mar. 2024 was ﷼94 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ﷼1,933 Mil.

Abdullah Al Othaim Markets Co'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	*	93.507	/	-31.389
	=	2.98

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

Abdullah Al Othaim Markets Co (SAU:4001) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Abdullah Al Othaim Markets Co (SAU:4001) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Arabia Rabwah Eastern Ring Road, P.O. Box 41700, Riyadh, SAU, 11531

Website

https://www.othaimmarkets.com

Abdullah Al Othaim Markets Co is engaged in the wholesale and retail trade of food, fish, meat, agricultural products, livestock and household items. It is also involved in establishing, managing, operating and maintaining supermarkets, commercial complexes, and bakeries, providing cooked and uncooked catering services, and managing training and educational centers, in addition to acquiring lands to construct buildings for lease or sale for the interest of the company. It operates in the segments of Retail and whole trading of food supplies, in addition to Leasing commercial centers for the purpose of investment for the interest of the company through sale or leasing. It operates in the Kingdom of Saudi Arabia and Egypt and derives key revenue from Retail and wholesale activities.

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