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Rabigh Refining & Petrochemical Co (SAU:2380) Interest Expense : ﷼-2,181 Mil (TTM As of Dec. 2023)


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What is Rabigh Refining & Petrochemical Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Rabigh Refining & Petrochemical Co's interest expense for the three months ended in Dec. 2023 was ﷼ -561 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ﷼-2,181 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. Rabigh Refining & Petrochemical Co's Operating Income for the three months ended in Dec. 2023 was ﷼ -754 Mil. Rabigh Refining & Petrochemical Co's Interest Expense for the three months ended in Dec. 2023 was ﷼ -561 Mil. Rabigh Refining & Petrochemical Co 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.

Rabigh Refining & Petrochemical Co Interest Expense Historical Data

The historical data trend for Rabigh Refining & Petrochemical 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.

* Premium members only.

Rabigh Refining & Petrochemical Co Interest Expense Chart

Rabigh Refining & Petrochemical Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1,013.71 -1,492.01 -1,076.45 -1,303.09 -2,180.55

Rabigh Refining & Petrochemical Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -392.18 -494.27 -549.24 -576.23 -560.81

Rabigh Refining & Petrochemical 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ﷼-2,181 Mil.

* 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.

Rabigh Refining & Petrochemical Co  (SAU:2380) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Rabigh Refining & Petrochemical Co's Interest Expense for the three months ended in Dec. 2023 was ﷼-561 Mil. Its Operating Income for the three months ended in Dec. 2023 was ﷼-754 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ﷼29,082 Mil.

Rabigh Refining & Petrochemical Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Rabigh Refining & Petrochemical Co did not have earnings to cover the interest expense.

* 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.

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

Rabigh Refining & Petrochemical Co (SAU:2380) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Rabigh Refining & Petrochemical Co (SAU:2380) » Definitions » Interest Expense
Comparable Companies
SAU:2080 SAU:9539 NSE:RELIANCE MPC PSX VLO OHEL:NESTE TPE:6505 XKAZ:KMGZ NSE:IOC TSE:5020 DINO IST:TUPRS XKRX:096770 BOM:500547 HKSE:00135 IEP TSE:5019 BKK:OR XKRX:010950
Traded in Other Exchanges
N/A
Address
P.O. Box 101, Rabigh, SAU, 21911
Website
http://www.petrorabigh.com
Rabigh Refining & Petrochemical Co is engaged in the development, construction, and operation of an integrated petroleum refining and petrochemical complex. The company's operating segment include Refined Products and Petrochemicals. It generates maximum revenue from the Refined products segment. The company's Refined products include Fuel Oil; Gas Oil; Gasoline; Kerosene; Naphtha and LPG. Its Petrochemicals division producing petrochemical products, such as polyethylene, mono ethylene glycol, polypropylene, and propylene oxide from crude oil, ethane, and butane.

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