Arab Palestinian Investment Co (XPAE:APIC) Interest Expense : $-27 Mil (TTM As of Sep. 2023)

View and export this data going back to 2014. Start your Free Trial

What is Arab Palestinian Investment Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Arab Palestinian Investment Co's interest expense for the three months ended in Sep. 2023 was $ -6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-27 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. Arab Palestinian Investment Co's Operating Income for the three months ended in Sep. 2023 was $ 13 Mil. Arab Palestinian Investment Co's Interest Expense for the three months ended in Sep. 2023 was $ -6 Mil. Arab Palestinian Investment Co's Interest Coverage for the quarter that ended in Sep. 2023 was 2.22. 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.

Arab Palestinian Investment Co Interest Expense Historical Data

The historical data trend for Arab Palestinian Investment 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.

Arab Palestinian Investment Co Interest Expense Chart

Arab Palestinian Investment Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

Get a 7-Day Free Trial

-9.14

-12.13

-14.47

-22.08

Arab Palestinian Investment Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial															-5.21	-7.85	-6.71	-6.44	-5.82

Arab Palestinian Investment 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-27 Mil.

Arab Palestinian Investment Co (XPAE:APIC) 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.

Arab Palestinian Investment Co's Interest Expense for the three months ended in Sep. 2023 was $-6 Mil. Its Operating Income for the three months ended in Sep. 2023 was $13 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $160 Mil.

Arab Palestinian Investment Co'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	*	12.9	/	-5.82
	=	2.22

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Arab Palestinian Investment Co interest coverage is 1.89, which is low.

Arab Palestinian Investment Co (XPAE:APIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Arab Palestinian Investment Co (XPAE:APIC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al-Ayyam Street, Palestine Automobile Co. Building, 3rd Floor, P.O.Box 2190, Ramallah, PSE

Website

https://www.apic.ps

Arab Palestinian Investment Co is an investment holding company. The company through its subsidiaries is involved in the manufacturing, distribution, and service sectors in Palestine, Jordan, Saudi Arabia, Gabon, and Cameroon. It focuses on the production of food and aluminum profiles, as well as general trading. The company also distributes pharmaceuticals, medical and laboratory equipment, surgical and disposable items, and fast-moving consumer goods; and a range of passenger cars, trucks, and vans, as well as operates shopping centers.

Arab Palestinian Investment Co (XPAE:APIC) Headlines

From GuruFocus

Daniel Loeb Comments on Apigee

By Holly LaFon Holly LaFon • 11-02-2016

Apigee CEO Buys 5,000 Shares of Company

By Jennifer Chiou Jennifer Chiou • 09-30-2015