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United Gulf Investment BSC (BAH:UGIC) Interest Expense : BHD-0.28 Mil (TTM As of Mar. 2024)


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What is United Gulf Investment BSC Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. United Gulf Investment BSC's interest expense for the three months ended in Mar. 2024 was BHD -0.07 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was BHD-0.28 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. United Gulf Investment BSC's Operating Income for the three months ended in Mar. 2024 was BHD 1.05 Mil. United Gulf Investment BSC's Interest Expense for the three months ended in Mar. 2024 was BHD -0.07 Mil. United Gulf Investment BSC's Interest Coverage for the quarter that ended in Mar. 2024 was 15.03. 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.

United Gulf Investment BSC Interest Expense Historical Data

The historical data trend for United Gulf Investment BSC'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.

United Gulf Investment BSC Interest Expense Chart

United Gulf Investment BSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.32 -0.33 -0.32 -0.28 -0.28

United Gulf Investment BSC Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -0.07 -0.08 -0.07 -0.07 -0.07

United Gulf Investment BSC 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was BHD-0.28 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.

United Gulf Investment BSC  (BAH:UGIC) 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.

United Gulf Investment BSC's Interest Expense for the three months ended in Mar. 2024 was BHD-0.07 Mil. Its Operating Income for the three months ended in Mar. 2024 was BHD1.05 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was BHD14.88 Mil.

United Gulf Investment BSC's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*1.052/-0.07
=15.03

* 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.

United Gulf Investment BSC (BAH:UGIC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » United Gulf Investment Corp BSC (BAH:UGIC) » Definitions » Interest Expense
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BAH:ESTERAD BLK BX OSTO:INVE A TSX:BN KKR APO BK AMP XSWX:PGHN LSE:III OSTO:EQT TROW STT ARES BOM:543940 PFG LSE:LGEN NTRS CRBG
Traded in Other Exchanges
N/A
Address
Road 2832, Block 428, P.O. Box 10177, Almoayyed Tower, Office 3202, Building 2504, Al-Seef District, Manama, BHR
Website
https://www.ugiccorp.com
United Gulf Investment Corp BSC is engaged in property leasing, buying, and selling of properties for the company, third-grade industrial maintenance works, and investment in local industrial projects. The company's investment objective includes developing and promoting industrial, chemical, and energy-related projects, in the Gulf region, identifying and investing in direct investment opportunities and investing in listed stocks and other financial instruments. Its operating segment includes Smelting and Investment activities. The company generates maximum revenue from the Smelting segment. the company has two geographical segments; the Kingdom of Bahrain and the Kingdom of Saudi Arabia.