Gulf General Investments Co PSC (DFM:GGICO) Interest Expense : د.إ-46.2 Mil (TTM As of Mar. 2023)

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What is Gulf General Investments Co PSC Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Gulf General Investments Co PSC's interest expense for the three months ended in Mar. 2023 was د.إ -11.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2023 was د.إ-46.2 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. Gulf General Investments Co PSC's Operating Income for the three months ended in Mar. 2023 was د.إ 4.9 Mil. Gulf General Investments Co PSC's Interest Expense for the three months ended in Mar. 2023 was د.إ -11.4 Mil. Gulf General Investments Co PSC's Interest Coverage for the quarter that ended in Mar. 2023 was 0.43. 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.

Gulf General Investments Co PSC Interest Expense Historical Data

The historical data trend for Gulf General Investments Co 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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Gulf General Investments Co PSC Interest Expense Chart

Gulf General Investments Co PSC Annual Data

Trend

Dec13

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Dec20

Dec21

Dec22

Interest Expense

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-174.61

-190.55

-29.59

-31.46

-43.33

Gulf General Investments Co PSC Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Interest Expense	Get a 7-Day Free Trial															-8.52	-8.49	-8.89	-17.43	-11.40

Gulf General Investments Co 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 Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was د.إ-46.2 Mil.

Gulf General Investments Co PSC (DFM:GGICO) 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.

Gulf General Investments Co PSC's Interest Expense for the three months ended in Mar. 2023 was د.إ-11.4 Mil. Its Operating Income for the three months ended in Mar. 2023 was د.إ4.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2023 was د.إ0.0 Mil.

Gulf General Investments Co PSC's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2023 )	/	Interest Expense (Q: Mar. 2023 )
	=	-1	*	4.932	/	-11.398
	=	0.43

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

Gulf General Investments Co PSC (DFM:GGICO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Gulf General Investments Co PSC (DFM:GGICO) » Definitions » Interest Expense

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Address

Airport Road, Al Fattan Plaza Building, 4th Floor, P.O. Box 22588, Dubai, ARE

Website

https://www.ggicouae.com

Gulf General Investments Co PSC is a UAE company engaged in the real estate agency, manufacturing, retail trading, real estate development, insurance writing, hospitality, and other services. Its business is functioned through Manufacturing, Investments, Insurance Services and Others segments. The manufacturing segment includes manufacture and sale of oil, grease, prefabricated houses, concrete, restaurant, ovens, kitchens, and central air conditioning systems; the investment segment focuses on real estate properties and equity securities and whereas Insurance Services and others, which is the key revenue driver, include the writing of insurance and various other services including hospitality. Geographically, the business presence of the firm is seen in the UAE and internationally.

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