EZZ Steel CoE (CAI:ESRS) Interest Expense : E£-9,375 Mil (TTM As of Jun. 2024)

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What is EZZ Steel CoE Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. EZZ Steel CoE's interest expense for the three months ended in Jun. 2024 was E£ -3,688 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was E£-9,375 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. EZZ Steel CoE's Operating Income for the three months ended in Jun. 2024 was E£ 5,717 Mil. EZZ Steel CoE's Interest Expense for the three months ended in Jun. 2024 was E£ -3,688 Mil. EZZ Steel CoE's Interest Coverage for the quarter that ended in Jun. 2024 was 1.55. 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.

EZZ Steel CoE Interest Expense Historical Data

The historical data trend for EZZ Steel CoE'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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EZZ Steel CoE Interest Expense Chart

EZZ Steel CoE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-4,881.95

-3,899.23

-3,391.60

-3,363.03

-6,197.62

EZZ Steel CoE Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Interest Expense	Get a 7-Day Free Trial															-1,414.17	-1,615.00	-1,965.20	-2,107.26	-3,687.51

EZZ Steel CoE 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was E£-9,375 Mil.

EZZ Steel CoE (CAI:ESRS) 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.

EZZ Steel CoE's Interest Expense for the three months ended in Jun. 2024 was E£-3,688 Mil. Its Operating Income for the three months ended in Jun. 2024 was E£5,717 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was E£27,661 Mil.

EZZ Steel CoE's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	5717.18	/	-3687.507
	=	1.55

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. EZZ Steel Co SAE interest coverage is 3.15, which is low.

EZZ Steel CoE Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » EZZ Steel Co SAE (CAI:ESRS) » Definitions » Interest Expense

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Traded in Other Exchanges

N/A

Address

Cornich El-Nil, Four Seasons Nile Plaza, The Corporate Building, Garden City, Cairo, EGY, 1089

Website

https://www.ezzsteel.com

EZZ Steel Co SAE is an Egypt-based company that manufactures and distributes long and flat steel products. The company's long products, including rebar and wire rod, are employed in applications including concrete reinforcement bars, nails, bolts, tacks, welding tools, electrical components, wire mesh, and others. The company's flat products are applied in automotive components, suspension parts, wheels, containers, gas cylinders, and others.

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