Al-Khazna Insurance Co PSC (ADX:AKIC) Interest Expense: د.إ-32.80 Mil (TTM As of Dec. 2020)

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What is Al-Khazna Insurance Co PSC Interest Expense?

Al-Khazna Insurance Co PSC ADX:AKIC Interest Expense is د.إ-32.80 Mil as of Dec. 2020.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Al-Khazna Insurance Co PSC's interest expense for the three months ended in Dec. 2020 was د.إ -0.20 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2020 was د.إ-32.80 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. Al-Khazna Insurance Co PSC's Operating Income for the three months ended in Dec. 2020 was د.إ -5.52 Mil. Al-Khazna Insurance Co PSC's Interest Expense for the three months ended in Dec. 2020 was د.إ -0.20 Mil. Al-Khazna Insurance Co PSC 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.

Al-Khazna Insurance Co PSC  (ADX:AKIC) 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.

Al-Khazna Insurance Co PSC's Interest Expense for the three months ended in Dec. 2020 was د.إ-0.20 Mil. Its EBIT for the three months ended in Dec. 2020 was د.إ-5.52 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2020 was د.إ60.44 Mil.

Al-Khazna Insurance Co PSC's Interest Coverage for the quarter that ended in Dec. 2020 is calculated as

Al-Khazna Insurance Co PSC 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.

Al-Khazna Insurance Co PSC Interest Expense Historical Data

* Premium members only.

The historical data trend for Al-Khazna Insurance 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.

Al-Khazna Insurance Co PSC Interest Expense Chart

Al-Khazna Insurance Co PSC Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.53 -10.20 -10.77 -11.65 -32.79

Al-Khazna Insurance Co PSC Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
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 -2.88 -2.58 -3.00 -27.01 -0.20

Al-Khazna Insurance 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 Dec. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was د.إ-32.80 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of د.إ-32.80 Mil mean?
Al-Khazna Insurance Co PSC (ADX:AKIC) has a Interest Expense of د.إ-32.80 Mil as of Dec. 2020. Interest Expense is the amount a company pays on its long-term debt. View historical data on Al-Khazna Insurance Co PSC and its competitors.
Is Al-Khazna Insurance Co PSC's Interest Expense too high?
Al-Khazna Insurance Co PSC's current Interest Expense is د.إ-32.80 Mil.
How does Al-Khazna Insurance Co PSC's Interest Expense compare to PIH and NSEC?
Al-Khazna Insurance Co PSC's Interest Expense of د.إ-32.80 Mil can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Expense for an Insurance company?
A good Interest Expense depends on the Insurance industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on Al-Khazna Insurance Co PSC and its competitors. Al-Khazna Insurance Co PSC's current Interest Expense is د.إ-32.80 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Al-Khazna Insurance Co PSC stock overvalued right now?
Al-Khazna Insurance Co PSC (ADX:AKIC) has a current Interest Expense of د.إ-32.80 Mil. The current Interest Expense is د.إ-32.80 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For Al-Khazna Insurance Co PSC (ADX:AKIC), the current Interest Expense is د.إ-32.80 Mil as of Dec. 2020. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Al-Khazna Insurance Co PSC Business Description

Address Al Khazna Tower, P. O. Box 73343, Abu Dhabi, ARE
Al-Khazna Insurance Co PSC offers specialized risk management and insurance services with a strong presence and a diverse portfolio of business comprising Personal Accident, Property both operational and construction, Group Life & Medical, Motor, Liability both financial and casualty lines, Marine, Energy and Aviation, and niche products like credit, affinity products etc. We are fully geared to handle all classes of business in UAE and other GCC countries.