Theeb Car Rental Co (SAU:4261) Interest Expense : ﷼-68 Mil (TTM As of Mar. 2024)

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What is Theeb Car Rental Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Theeb Car Rental Co's interest expense for the three months ended in Mar. 2024 was ﷼ -19 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ﷼-68 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. Theeb Car Rental Co's Operating Income for the three months ended in Mar. 2024 was ﷼ 63 Mil. Theeb Car Rental Co's Interest Expense for the three months ended in Mar. 2024 was ﷼ -19 Mil. Theeb Car Rental Co's Interest Coverage for the quarter that ended in Mar. 2024 was 3.30. 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.

Theeb Car Rental Co Interest Expense Historical Data

The historical data trend for Theeb Car Rental 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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Theeb Car Rental Co Interest Expense Chart

Theeb Car Rental Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

-31.96

-25.63

-32.68

-61.21

Theeb Car Rental Co Quarterly Data
	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												-12.15	-14.01	-15.67	-19.38	-18.94

Theeb Car Rental 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 ﷼-68 Mil.

Theeb Car Rental Co (SAU:4261) 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.

Theeb Car Rental Co's Interest Expense for the three months ended in Mar. 2024 was ﷼-19 Mil. Its Operating Income for the three months ended in Mar. 2024 was ﷼63 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ﷼632 Mil.

Theeb Car Rental 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	*	62.5	/	-18.937
	=	3.30

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Theeb Car Rental Co interest coverage is 3.09, which is low.

Theeb Car Rental Co (SAU:4261) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Theeb Car Rental Co (SAU:4261) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

North Ring Road, between Exit 12 and 13, P.O. Box 9551, Al Rawda District, Riyadh, SAU, 11423

Website

https://www.theebonline.com

Theeb Car Rental Co is engaged in car rental and leasing. It operates in three segments namely: Short term lease; Long term lease; and Other. Short term lease segment represents activities involving the leasing of cars to customers under short-term rental arrangements (daily and monthly). Long term lease segment represents activities involving the leasing of cars to customers under medium to longer-term operating lease arrangements. Car sales (others) represents the sales of vehicles that were previously held as a part of the lease or rental fleet. Majority of revenue is generated from Short term lease.

Theeb Car Rental Co (SAU:4261) Headlines

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