ADNOC Logistics & Services (ADX:ADNOCLS) Interest Expense : د.إ Mil (TTM As of Dec. 2023)

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What is ADNOC Logistics & Services Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ADNOC Logistics & Services's interest expense for the six months ended in Dec. 2023 was د.إ -39 Mil. ADNOC Logistics & Services does not have enough years/quarters to calculate its interest expense for the trailing twelve months (TTM) ended in Dec. 2023.

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. ADNOC Logistics & Services's Operating Income for the six months ended in Dec. 2023 was د.إ 2,214 Mil. ADNOC Logistics & Services's Interest Expense for the six months ended in Dec. 2023 was د.إ -39 Mil. ADNOC Logistics & Services's Interest Coverage for the quarter that ended in Dec. 2023 was 57.50. 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.

ADNOC Logistics & Services Interest Expense Historical Data

The historical data trend for ADNOC Logistics & Services'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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ADNOC Logistics & Services Interest Expense Chart

ADNOC Logistics & Services Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

-29.09

-141.30

-38.51

ADNOC Logistics & Services Semi-Annual Data
	Dec21	Dec22	Dec23
Interest Expense	-29.09	-141.30	-38.51

ADNOC Logistics & Services Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

ADNOC Logistics & Services (ADX:ADNOCLS) 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.

ADNOC Logistics & Services's Interest Expense for the six months ended in Dec. 2023 was د.إ-39 Mil. Its Operating Income for the six months ended in Dec. 2023 was د.إ2,214 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was د.إ901 Mil.

ADNOC Logistics & Services's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	2214.18	/	-38.508
	=	57.50

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

ADNOC Logistics & Services (ADX:ADNOCLS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ADNOC Logistics & Services plc (ADX:ADNOCLS) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Abu Dhabi Global Market Square, Part of Level 28, 28, Al Sarab Tower, Al Maryah Island, Abu Dhabi, ARE, 764649

Website

https://www.adnoc.ae

ADNOC Logistics & Services plc provides fully-integrated, end-to-end services to ADNOC Group companies and our extensive range of customers in the global energy maritime industry. Its business is organised into six operating segments plus others namely tankers, gas carriers, dry bulk shipping (which includes containers), offshore logistics services, onshore logistics services, marine services, and others.

ADNOC Logistics & Services (ADX:ADNOCLS) Headlines

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