Warba Insurance and Reinsurance Co KSCP (KUW:WINSRE) Interest Expense : KWD-2.05 Mil (TTM As of Dec. 2023)

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What is Warba Insurance and Reinsurance Co KSCP Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Warba Insurance and Reinsurance Co KSCP's interest expense for the three months ended in Dec. 2023 was KWD -0.38 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was KWD-2.05 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. Warba Insurance and Reinsurance Co KSCP's Operating Income for the three months ended in Dec. 2023 was KWD 0.00 Mil. Warba Insurance and Reinsurance Co KSCP's Interest Expense for the three months ended in Dec. 2023 was KWD -0.38 Mil. Warba Insurance and Reinsurance Co KSCP did not have earnings to cover the interest expense. 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.

Warba Insurance and Reinsurance Co KSCP Interest Expense Historical Data

The historical data trend for Warba Insurance and Reinsurance Co KSCP'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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Warba Insurance and Reinsurance Co KSCP Interest Expense Chart

Warba Insurance and Reinsurance Co KSCP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.32

-1.52

-1.15

-1.48

-2.05

Warba Insurance and Reinsurance Co KSCP 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															-0.30	-0.93	-0.38	-0.35	-0.38

Warba Insurance and Reinsurance Co KSCP 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 KWD-2.05 Mil.

Warba Insurance and Reinsurance Co KSCP (KUW:WINSRE) 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.

Warba Insurance and Reinsurance Co KSCP's Interest Expense for the three months ended in Dec. 2023 was KWD-0.38 Mil. Its EBIT for the three months ended in Dec. 2023 was KWD0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was KWD4.00 Mil.

Warba Insurance and Reinsurance Co KSCP's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

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

Warba Insurance and Reinsurance Co KSCP (KUW:WINSRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Warba Insurance and Reinsurance Co KSCP (KUW:WINSRE) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Sharq, Ahmad Al Jaber Street, Derwazat Abdul Razak, P.O. Box 24282, Safat, Opposite to the Banking Complex, Warba Tower, Kuwait, KWT, 13103

Website

https://www.warba.insure

Warba Insurance and Reinsurance Co KSCP is involved in the provision of life and non-life insurance products and services. The company reports three business segments: General risk insurance, Life and Medical insurance and Investment. Within General risk insurance are Marine and Aviation, Fire and general accidents and Motor. The company's offerings include Individual Life Insurance, Medical Insurance individual, Medical Insurance Corporate and FGA Insurance Policies among others. Geographically it operates through Kuwait.

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