Ras AL Khaimah Ceramics Co PSC (ADX:RAKCEC) Interest Expense : د.إ-82 Mil (TTM As of Dec. 2024)

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What is Ras AL Khaimah Ceramics Co PSC Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ras AL Khaimah Ceramics Co PSC's interest expense for the three months ended in Dec. 2024 was د.إ -20 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was د.إ-82 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. Ras AL Khaimah Ceramics Co PSC's Operating Income for the three months ended in Dec. 2024 was د.إ 105 Mil. Ras AL Khaimah Ceramics Co PSC's Interest Expense for the three months ended in Dec. 2024 was د.إ -20 Mil. Ras AL Khaimah Ceramics Co PSC's Interest Coverage for the quarter that ended in Dec. 2024 was 5.24. 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.

Ras AL Khaimah Ceramics Co PSC Interest Expense Historical Data

The historical data trend for Ras AL Khaimah Ceramics 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.

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Ras AL Khaimah Ceramics Co PSC Interest Expense Chart

Ras AL Khaimah Ceramics Co PSC Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-58.68

-50.47

-58.35

-74.58

-81.78

Ras AL Khaimah Ceramics Co PSC Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-16.73	-18.92	-20.75	-22.07	-20.04

Ras AL Khaimah Ceramics 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was د.إ-82 Mil.

Ras AL Khaimah Ceramics Co PSC (ADX:RAKCEC) 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.

Ras AL Khaimah Ceramics Co PSC's Interest Expense for the three months ended in Dec. 2024 was د.إ-20 Mil. Its Operating Income for the three months ended in Dec. 2024 was د.إ105 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was د.إ974 Mil.

Ras AL Khaimah Ceramics Co PSC's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	104.975	/	-20.041
	=	5.24

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

Ras AL Khaimah Ceramics Co PSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ras AL Khaimah Ceramics Co PSC (ADX:RAKCEC) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Al Jazeerah Al Hamra City, P.O. Box 4714, Ras Al Khaimah, ARE

Website

https://www.rakceramics.com

Ras AL Khaimah Ceramics Co PSC is engaged in the manufacturing and sale of a variety of ceramic products including tiles, bathroom sets, sanitary wares, table wares and faucets. The company's reportable segments are; Ceramics products, which generates key revenue and includes manufacturing and sale of ceramic wall and floor tiles, gres porcellanato, bath-ware and tableware products. The Faucets segment includes manufacturing and sale of Taps and Faucets. Other industrial segment, includes manufacturing and distribution of power, paints, plastics, mines, and chemicals. Others include security services, material movement, real estate, construction projects, and civil works. Geographically, the company generates substantial revenue from Middle East and rest from Europe, Asia, and others.

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