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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.

* Premium members only.

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
Get a 7-Day Free Trial Premium Member Only Premium Member Only -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 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 -0.01 -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.

* 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.


Al Rakaez Investment Co  (AMM:RICS) 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.

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

* 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.


Al Rakaez Investment Co Business Description

Traded in Other Exchanges
N/A
Address
Al-Madina Al-Munawara Street, Building No. 11, Amman, JOR
Al Rakaez Investment Co is engaged in buying and selling real estate, commercial complexes, towers, and tourist resorts. The company is also engaged in developing, deepening, and settling different investments through investing in all economic sectors.

Al Rakaez Investment Co Headlines

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