Borouge (ADX:BOROUGE) Interest Expense : د.إ-813 Mil (TTM As of Mar. 2024)

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What is Borouge Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Borouge's interest expense for the three months ended in Mar. 2024 was د.إ -196 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was د.إ-813 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. Borouge's Operating Income for the three months ended in Mar. 2024 was د.إ 1,577 Mil. Borouge's Interest Expense for the three months ended in Mar. 2024 was د.إ -196 Mil. Borouge's Interest Coverage for the quarter that ended in Mar. 2024 was 8.03. 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.

Borouge Interest Expense Historical Data

The historical data trend for Borouge'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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Borouge Interest Expense Chart

Borouge Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

-23.73

-811.40

Borouge Quarterly Data
	Mar21	Dec21	Mar22	Sep22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial				-195.09	-191.65	-215.28	-209.40	-196.39

Borouge 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was د.إ-813 Mil.

Borouge (ADX:BOROUGE) 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.

Borouge's Interest Expense for the three months ended in Mar. 2024 was د.إ-196 Mil. Its Operating Income for the three months ended in Mar. 2024 was د.إ1,577 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was د.إ11,766 Mil.

Borouge's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	1577.009	/	-196.392
	=	8.03

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

Borouge (ADX:BOROUGE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Borouge Plc (ADX:BOROUGE) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

El Corniche Street, PO Box 6925, Borouge Tower, Sheikh Khalifa Energy Complex, Abu Dhabi, ARE

Website

https://www.borouge.com

Borouge Plc petrochemical company that provides innovative solutions of polyolefins such as polyethylene and polypropylene for a wide range of industries such as packaging, infrastructure, energy, mobility, agriculture, and healthcare.

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