National Bank of Ras Al-Khaimah PSC (ADX:RAKBANK) Interest Expense : د.إ-1,040 Mil (TTM As of Dec. 2023)

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What is National Bank of Ras Al-Khaimah PSC Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. National Bank of Ras Al-Khaimah PSC's interest expense for the three months ended in Dec. 2023 was د.إ -293 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was د.إ-1,040 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. National Bank of Ras Al-Khaimah PSC's Operating Income for the three months ended in Dec. 2023 was د.إ Mil. National Bank of Ras Al-Khaimah PSC's Interest Expense for the three months ended in Dec. 2023 was د.إ Mil. 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.

National Bank of Ras Al-Khaimah PSC Interest Expense Historical Data

The historical data trend for National Bank of Ras Al-Khaimah PSC'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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National Bank of Ras Al-Khaimah PSC Interest Expense Chart

National Bank of Ras Al-Khaimah PSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-680.32

-408.53

-197.36

-412.47

-1,039.77

National Bank of Ras Al-Khaimah PSC Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-178.56	-203.26	-250.74	-292.82	-292.95

National Bank of Ras Al-Khaimah PSC 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was د.إ-1,040 Mil.

National Bank of Ras Al-Khaimah PSC (ADX:RAKBANK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » National Bank of Ras Al-Khaimah PSC (ADX:RAKBANK) » Definitions » Interest Expense

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Address

Exit No. 129, Sheikh Mohammed Bin Zayed Road, P.O. Box 5300, Al Rifa Area, The National Bank of Ras Al Khaimah Building, Ras Al-Khaimah, ARE

Website

https://rakbank.ae

National Bank of Ras Al-Khaimah PSC is engaged in providing retail and commercial banking services in the UAE. The bank has operating segments namely Personal Banking, Wholesale Banking, Business Banking, Treasury and Insurance. It generates maximum revenue from the Retail banking segment. The company offers current, savings, call, and fixed deposit accounts, debit cards, credit cards, personal loans, and home loans among other services.

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