GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Ras Al Khaimah National Insurance Company PSC (ADX:RAKNIC) » Definitions » Interest Expense

Ras Al Khaimah National Insurance Company PSC (ADX:RAKNIC) Interest Expense : د.إ-17.0 Mil (TTM As of Mar. 2024)


View and export this data going back to 2005. Start your Free Trial

What is Ras Al Khaimah National Insurance Company PSC Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ras Al Khaimah National Insurance Company PSC's interest expense for the three months ended in Mar. 2024 was د.إ -4.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was د.إ-17.0 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 National Insurance Company PSC's Operating Income for the three months ended in Mar. 2024 was د.إ 0.0 Mil. Ras Al Khaimah National Insurance Company PSC's Interest Expense for the three months ended in Mar. 2024 was د.إ -4.6 Mil. Ras Al Khaimah National Insurance Company 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.

Ras Al Khaimah National Insurance Company PSC Interest Expense Historical Data

The historical data trend for Ras Al Khaimah National Insurance Company 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.

* Premium members only.

Ras Al Khaimah National Insurance Company PSC Interest Expense Chart

Ras Al Khaimah National Insurance Company PSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - -10.06 -14.55

Ras Al Khaimah National Insurance Company PSC Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -6.61 -3.49 -8.91 - -4.62

Ras Al Khaimah National Insurance Company 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was د.إ-17.0 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.

Ras Al Khaimah National Insurance Company PSC  (ADX:RAKNIC) 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.

Ras Al Khaimah National Insurance Company PSC's Interest Expense for the three months ended in Mar. 2024 was د.إ-4.6 Mil. Its EBIT for the three months ended in Mar. 2024 was د.إ0.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was د.إ0.0 Mil.

Ras Al Khaimah National Insurance Company PSC's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

* 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.

Ras Al Khaimah National Insurance Company PSC Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Ras Al Khaimah National Insurance Company PSC (ADX:RAKNIC) » Definitions » Interest Expense
Comparable Companies
ADX:ABNIC ADX:TKFL DFM:ASCANA ADX:DHAFRA DFM:AMAN ADX:UNION DFM:DARTAKAFUL DFM:SALAMA DFM:OUTFL ADX:WATANIA BRK.A XTER:ALV XSWX:ZURN XPAR:CS AIG MIL:G TSX:SLF OHEL:SAMPO HIG PFG
Traded in Other Exchanges
N/A
Address
P.O.Box 506, Ras Al Khaimah, ARE
Website
https://www.rakinsurance.com
Ras Al Khaimah National Insurance Company PSC operates as an insurance company in UAE. Its principal activity is to undertake all classes of the insurance business, including life assurance, saving, and accumulation of funds. It operates in two segments: Life & Medical and Motor & General. The majority of its revenue comes from Life & Medical segment.

Ras Al Khaimah National Insurance Company PSC Headlines

No Headlines