Taqa Arabia (CAI:TAQA) Interest Expense : E£-1,284 Mil (TTM As of Sep. 2024)

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What is Taqa Arabia Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Taqa Arabia's interest expense for the three months ended in Sep. 2024 was E£ -219 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was E£-1,284 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. Taqa Arabia's Operating Income for the three months ended in Sep. 2024 was E£ 551 Mil. Taqa Arabia's Interest Expense for the three months ended in Sep. 2024 was E£ -219 Mil. Taqa Arabia's Interest Coverage for the quarter that ended in Sep. 2024 was 2.51. 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.

Taqa Arabia Interest Expense Historical Data

The historical data trend for Taqa Arabia'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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Taqa Arabia Interest Expense Chart

Taqa Arabia Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-267.36

-372.58

-693.99

-872.68

-1,441.13

Taqa Arabia Quarterly Data
	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial										-382.26	-400.55	-432.78	-231.48	-219.36

Taqa Arabia 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was E£-1,284 Mil.

Taqa Arabia (CAI:TAQA) 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.

Taqa Arabia's Interest Expense for the three months ended in Sep. 2024 was E£-219 Mil. Its Operating Income for the three months ended in Sep. 2024 was E£551 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was E£4,072 Mil.

Taqa Arabia's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	550.849	/	-219.356
	=	2.51

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

Taqa Arabia Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Taqa Arabia (CAI:TAQA) » Definitions » Interest Expense

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Address

G2, ElMorshedy Street, El Lasilky Area, Maadi, Cairo, EGY, 17631

Website

https://www.taqa.com.eg

Taqa Arabia operates as an energy and utility provider. TAQA Arabia invests, installs, constructs, and operates energy infrastructure including gas transmission & distribution, conventional and renewable Power generation & distribution, marketing oil products and lubricants throughout several fuel stations across the country as well as water treatment and desalination services for a wide range of clients. The company operates into four segments Gas, Power, Marketing and others. It derives maximum revenue from Marketing segment.

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