Ciments du Maroc (CAS:CMA) Interest Expense : MAD0 Mil (TTM As of Dec. 2023)

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What is Ciments du Maroc Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ciments du Maroc's interest expense for the six months ended in Dec. 2023 was MAD 0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was MAD0 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. Ciments du Maroc's Operating Income for the six months ended in Dec. 2023 was MAD 815 Mil. Ciments du Maroc's Interest Expense for the six months ended in Dec. 2023 was MAD 0 Mil. Ciments du Maroc has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Ciments du Maroc Interest Expense Historical Data

The historical data trend for Ciments du Maroc'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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Ciments du Maroc Interest Expense Chart

Ciments du Maroc Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-3.32

-3.61

-3.75

-2.44

Ciments du Maroc Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-	-	-27.34	-	-

Ciments du Maroc 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was MAD0 Mil.

Ciments du Maroc (CAS:CMA) 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.

Ciments du Maroc's Interest Expense for the six months ended in Dec. 2023 was MAD0 Mil. Its Operating Income for the six months ended in Dec. 2023 was MAD815 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was MAD0 Mil.

Ciments du Maroc's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Ciments du Maroc had no long-term debt ⁽¹⁾.

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Ciments du Maroc SA has enough cash to cover all of its debt. Its financial situation is stable.

Ciments du Maroc (CAS:CMA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Ciments du Maroc SA (CAS:CMA) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

621. Boulevard Panoramique, Casablanca, MAR, 20150

Website

http://www.cimentsdumaroc.com

Ciments du Maroc SA is a cement producer in Morocco and acts as an operator in ready-mixed concrete and aggregates. The product line of the company includes cement, concrete ready-to-use, aggregates, and others. It also offers its customers a Technical Assistance service including maturometry, MBE (Equivalent Concrete Mortar) tests, cement slurry tests or quick identification of cement. The company operates MyCimar portal which allows customers to consult the movements of their activity with the company.