Al Wathba National Insurance Co PJSC (ADX:AWNIC) Interest Expense : د.إ-8.5 Mil (TTM As of Dec. 2021)

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What is Al Wathba National Insurance Co PJSC Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Al Wathba National Insurance Co PJSC's interest expense for the three months ended in Dec. 2021 was د.إ -2.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2021 was د.إ-8.5 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 Wathba National Insurance Co PJSC's Operating Income for the three months ended in Dec. 2021 was د.إ -7.7 Mil. Al Wathba National Insurance Co PJSC's Interest Expense for the three months ended in Dec. 2021 was د.إ -2.0 Mil. Al Wathba National Insurance Co PJSC 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 Wathba National Insurance Co PJSC Interest Expense Historical Data

The historical data trend for Al Wathba National Insurance Co PJSC'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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Al Wathba National Insurance Co PJSC Interest Expense Chart

Al Wathba National Insurance Co PJSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-10.64

-17.72

-13.23

-8.50

-11.47

Al Wathba National Insurance Co PJSC Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Dec22
Interest Expense	Get a 7-Day Free Trial															-2.28	-2.02	-2.16	-2.04	-

Al Wathba National Insurance Co PJSC 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. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was د.إ-8.5 Mil.

Al Wathba National Insurance Co PJSC (ADX:AWNIC) 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.

Al Wathba National Insurance Co PJSC's Interest Expense for the three months ended in Dec. 2021 was د.إ-2.0 Mil. Its EBIT for the three months ended in Dec. 2021 was د.إ-7.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2021 was د.إ352.5 Mil.

Al Wathba National Insurance Co PJSC's Interest Coverage for the quarter that ended in Dec. 2021 is calculated as

Al Wathba National Insurance Co PJSC did not have earnings to cover the interest expense.

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

Al Wathba National Insurance Co PJSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Al Wathba National Insurance Co PJSC (ADX:AWNIC) » Definitions » Interest Expense

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Address

Najda Street, Al Wathba National Insurance Building, P.O. Box 45154, Abu Dhabi, ARE

Website

https://www.awnic.com

Al Wathba National Insurance Co PJSC is an insurance company based in Abu Dhabi. The Company's principal activity is the writing of general insurance business of all classes. The company's operating segment includes Marine and Aviation; Fire and General Accident; Medical; Motor and Investments.

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