Al Rakaez Investment Co (AMM:RICS) Interest Expense : JOD-0.03 Mil (TTM As of Dec. 2024)

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What is Al Rakaez Investment Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Al Rakaez Investment Co's interest expense for the three months ended in Dec. 2024 was JOD -0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was JOD-0.03 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. Al Rakaez Investment Co's Operating Income for the three months ended in Dec. 2024 was JOD 0.15 Mil. Al Rakaez Investment Co's Interest Expense for the three months ended in Dec. 2024 was JOD -0.00 Mil. Al Rakaez Investment Co's Interest Coverage for the quarter that ended in Dec. 2024 was 36.25. 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.

Al Rakaez Investment Co Interest Expense Historical Data

The historical data trend for Al Rakaez Investment 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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Al Rakaez Investment Co Interest Expense Chart

Al Rakaez Investment Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-0.08

-0.05

-0.12

-0.05

-0.03

Al Rakaez Investment Co 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															-0.01	-0.01	-0.01	-0.01	-

Al Rakaez Investment 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 Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was JOD-0.03 Mil.

Al Rakaez Investment Co (AMM:RICS) 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.

Al Rakaez Investment Co's Interest Expense for the three months ended in Dec. 2024 was JOD-0.00 Mil. Its Operating Income for the three months ended in Dec. 2024 was JOD0.15 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was JOD0.25 Mil.

Al Rakaez Investment Co'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	*	0.145	/	-0.004
	=	36.25

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

Al Rakaez Investment Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Al Rakaez Investment Co (AMM:RICS) » Definitions » Interest Expense

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Address

Al-Madina Al-Munawara Street, Building No. 151, Amman, JOR

Website

http://www.alrakaez.com

Al Rakaez Investment Co is engaged in buying and selling real estate, commercial complex, towers, and tourist resorts. The company is also engaged in developing, deepening, and settling different investments through investing in all economic sectors; investing in shares, deposits and investment portfolios.

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