Space42 (ADX:SPACE42) Interest Expense : د.إ-29 Mil (TTM As of Dec. 2024)

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What is Space42 Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Space42's interest expense for the three months ended in Dec. 2024 was د.إ -26 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was د.إ-29 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. Space42's Operating Income for the three months ended in Dec. 2024 was د.إ 114 Mil. Space42's Interest Expense for the three months ended in Dec. 2024 was د.إ -26 Mil. Space42's Interest Coverage for the quarter that ended in Dec. 2024 was 4.34. 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.

Space42 Interest Expense Historical Data

The historical data trend for Space42'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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Space42 Interest Expense Chart

Space42 Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-0.83

-1.63

-2.77

-0.78

-28.84

Space42 Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial											1.85	-0.97	-0.69	-0.87	-26.30

Space42 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-29 Mil.

Space42 (ADX:SPACE42) 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.

Space42's Interest Expense for the three months ended in Dec. 2024 was د.إ-26 Mil. Its Operating Income for the three months ended in Dec. 2024 was د.إ114 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was د.إ1,002 Mil.

Space42'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	*	114.097	/	-26.302
	=	4.34

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

Space42 Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Space42 PLC (ADX:SPACE42) » Definitions » Interest Expense

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Address

ADGM Square, 11th Floor, Al Sarab Tower, PO Box 111143, Al Maryah Island, Abu Dhabi, ARE

Website

https://www.space42.ai

Space42 PLC offers geospatial and data analytics/artificial intelligence (AI), The company combines and creates opportunities for synergies across data analytics, geospatial intelligence, and satellite communications to unlock value for customers, partners, and shareholders. Its operating segments involve Yahsat Space Services (YSS); and Bayanat Smart Solutions (BSS). Bayanat Smart Solutions (BSS) segment derives maximum revenue. It provides earth observation and geospatial solutions using a multi-sensor system, advanced data analytics using GIQ platform, and industry-specific solutions using advanced Artificial Intelligence (AI). Geographically, the company operates in United Arab Emirates, Asia, Europe, Africa, North America, and Others.

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