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Afaq Holding for Investment & Real Estate Development Co (AMM:MANR) Interest Expense : JOD-3.78 Mil (TTM As of Sep. 2023)


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What is Afaq Holding for Investment & Real Estate Development Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Afaq Holding for Investment & Real Estate Development Co's interest expense for the three months ended in Sep. 2023 was JOD -1.13 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was JOD-3.78 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. Afaq Holding for Investment & Real Estate Development Co's Operating Income for the three months ended in Sep. 2023 was JOD 0.44 Mil. Afaq Holding for Investment & Real Estate Development Co's Interest Expense for the three months ended in Sep. 2023 was JOD -1.13 Mil. Afaq Holding for Investment & Real Estate Development Co's Interest Coverage for the quarter that ended in Sep. 2023 was 0.39. 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.


Afaq Holding for Investment & Real Estate Development Co Interest Expense Historical Data

The historical data trend for Afaq Holding for Investment & Real Estate 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.

* Premium members only.

Afaq Holding for Investment & Real Estate Development Co Interest Expense Chart

Afaq Holding for Investment & Real Estate Development Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.90 -3.46 -2.88 -2.58 -2.83

Afaq Holding for Investment & Real Estate Development Co Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 -0.70 -0.89 -0.81 -0.95 -1.13

Afaq Holding for Investment & Real Estate 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was JOD-3.78 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.


Afaq Holding for Investment & Real Estate Development Co  (AMM:MANR) 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.

Afaq Holding for Investment & Real Estate Development Co's Interest Expense for the three months ended in Sep. 2023 was JOD-1.13 Mil. Its Operating Income for the three months ended in Sep. 2023 was JOD0.44 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was JOD18.28 Mil.

Afaq Holding for Investment & Real Estate Development Co's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage=-1* Operating Income (Q: Sep. 2023 )/Interest Expense (Q: Sep. 2023 )
=-1*0.438/-1.125
=0.39

* 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.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Afaq Holding for Investment & Real Estate Development Co PLCs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.


Afaq Holding for Investment & Real Estate Development Co (AMM:MANR) Business Description

Traded in Other Exchanges
N/A
Address
King Abdullah II Street 302, 8th circle, Amman, JOR, 11623
Afaq Holding for Investment & Real Estate Development Co PLC is a Jordan based investment company. It is engaged in the management of its subsidiaries; investing its cash in shares, bonds, and securities; lending loans, guarantees, and financing to its subsidiaries; and ownership of patents, trademarks, franchise rights and other tangible rights and the exploitation and leasing to its subsidiaries.

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