El-Mor Electric Installation & Services (1986) (XTAE:ELMR) Interest Expense : ₪-2.4 Mil (TTM As of Sep. 2023)

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What is El-Mor Electric Installation & Services (1986) Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. El-Mor Electric Installation & Services (1986)'s interest expense for the three months ended in Sep. 2023 was ₪ -1.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was ₪-2.4 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. El-Mor Electric Installation & Services (1986)'s Operating Income for the three months ended in Sep. 2023 was ₪ 14.4 Mil. El-Mor Electric Installation & Services (1986)'s Interest Expense for the three months ended in Sep. 2023 was ₪ -1.6 Mil. El-Mor Electric Installation & Services (1986)'s Interest Coverage for the quarter that ended in Sep. 2023 was 8.72. 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.

El-Mor Electric Installation & Services (1986) Interest Expense Historical Data

The historical data trend for El-Mor Electric Installation & Services (1986)'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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El-Mor Electric Installation & Services (1986) Interest Expense Chart

El-Mor Electric Installation & Services (1986) Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-0.85

-1.40

-1.81

-2.59

-3.72

El-Mor Electric Installation & Services (1986) Quarterly Data
	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial								-2.44	1.80	-1.17	-1.34	-1.65

El-Mor Electric Installation & Services (1986) 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₪-2.4 Mil.

El-Mor Electric Installation & Services (1986) (XTAE:ELMR) 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.

El-Mor Electric Installation & Services (1986)'s Interest Expense for the three months ended in Sep. 2023 was ₪-1.6 Mil. Its Operating Income for the three months ended in Sep. 2023 was ₪14.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was ₪21.3 Mil.

El-Mor Electric Installation & Services (1986)'s Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	14.361	/	-1.647
	=	8.72

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

El-Mor Electric Installation & Services (1986) (XTAE:ELMR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » El-Mor Electric Installation & Services (1986) Ltd (XTAE:ELMR) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Hotzot Haytozer Street, Ashkelon, ISR

Website

http://www.el-mor.co.il

El-Mor Electric Installation & Services (1986) Ltd builds electricity projects and deals in energy, infrastructure and communications sectors through subsidiaries.It has branches in Lod, Kfar Saba and Ashkelon. It has electricity and air-conditioning projects in a variety of fields such as power plants, renewable and solar energy, industry, telecom, high-tech, commercial and public buildings, military and defense facilities, electrical and telecom infrastructure, and street lighting.

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