Saudi Real Estate Co (SAU:4020) Interest Expense : ﷼-254 Mil (TTM As of Mar. 2024)

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What is Saudi Real Estate Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Saudi Real Estate Co's interest expense for the three months ended in Mar. 2024 was ﷼ -66 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ﷼-254 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. Saudi Real Estate Co's Operating Income for the three months ended in Mar. 2024 was ﷼ 78 Mil. Saudi Real Estate Co's Interest Expense for the three months ended in Mar. 2024 was ﷼ -66 Mil. Saudi Real Estate Co's Interest Coverage for the quarter that ended in Mar. 2024 was 1.19. 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.

Saudi Real Estate Co Interest Expense Historical Data

The historical data trend for Saudi Real Estate 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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Saudi Real Estate Co Interest Expense Chart

Saudi Real Estate Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-43.40

-17.29

-77.15

-149.21

-245.59

Saudi Real Estate 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															-57.51	-58.72	-59.39	-69.98	-65.60

Saudi Real Estate 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 ﷼-254 Mil.

Saudi Real Estate Co (SAU:4020) 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.

Saudi Real Estate Co's Interest Expense for the three months ended in Mar. 2024 was ﷼-66 Mil. Its Operating Income for the three months ended in Mar. 2024 was ﷼78 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ﷼3,053 Mil.

Saudi Real Estate 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	*	77.768	/	-65.599
	=	1.19

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

Saudi Real Estate Co (SAU:4020) Business Description

Industry

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Address

Main Olaya Street, Akaria Center Plaza, 5th Floor, P.O Box 3572, Riyadh, SAU, 11481

Website

https://www.al-akaria.com

Saudi Real Estate Co is engaged in real estate development and services which include the design, construction, maintenance, and management of commercial and residential buildings. Some of the existing projects of the company are Real Estate 2, Real Estate 3, Manazel Real Estate and many more. It has four reportable segments namely the Residential sector and Commercial sectors, Service sector and Head office.

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