Sharjah Cement & Industrial Development Co (ADX:SCIDC) Interest Expense : د.إ-29.4 Mil (TTM As of Sep. 2024)

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What is Sharjah Cement & Industrial Development Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sharjah Cement & Industrial Development Co's interest expense for the three months ended in Sep. 2024 was د.إ -7.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was د.إ-29.4 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. Sharjah Cement & Industrial Development Co's Operating Income for the three months ended in Sep. 2024 was د.إ 14.6 Mil. Sharjah Cement & Industrial Development Co's Interest Expense for the three months ended in Sep. 2024 was د.إ -7.1 Mil. Sharjah Cement & Industrial Development Co's Interest Coverage for the quarter that ended in Sep. 2024 was 2.05. 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.

Sharjah Cement & Industrial Development Co Interest Expense Historical Data

The historical data trend for Sharjah Cement & Industrial Development Co'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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Sharjah Cement & Industrial Development Co Interest Expense Chart

Sharjah Cement & Industrial Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-14.30

-15.86

-10.39

-16.77

-29.89

Sharjah Cement & Industrial Development Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-8.97	-6.05	-8.25	-7.94	-7.13

Sharjah Cement & Industrial Development Co 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was د.إ-29.4 Mil.

Sharjah Cement & Industrial Development Co (ADX:SCIDC) 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.

Sharjah Cement & Industrial Development Co's Interest Expense for the three months ended in Sep. 2024 was د.إ-7.1 Mil. Its Operating Income for the three months ended in Sep. 2024 was د.إ14.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was د.إ101.3 Mil.

Sharjah Cement & Industrial Development Co's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	14.596	/	-7.13
	=	2.05

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

Sharjah Cement & Industrial Development Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Sharjah Cement & Industrial Development Co (ADX:SCIDC) » Definitions » Interest Expense

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Address

Bank Street, Al Hisn Tower, P.O. Box No. 2083, 14th Floor, Sharjah, ARE

Website

https://www.sharjahcement.com

Sharjah Cement & Industrial Development Co is engaged in the manufacturing and supply of cement, paper sacks, and plastic ropes. The Company invests its surplus funds in investment securities, private equities, and properties. The company operates from Sharjah, United Arab Emirates, and sells its products within the UAE and many other countries, including the Middle East, Africa, and Asia. The Company reportable segments of the company are the Manufacturing segment, which includes cement, paper sacks, and ropes products and the Investment segment includes investment and cash management for the company's account.

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