Auto Nejma (CAS:NEJ) Interest Expense : MAD-4 Mil (TTM As of Dec. 2023)

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What is Auto Nejma Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Auto Nejma's interest expense for the six months ended in Dec. 2023 was MAD -4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was MAD-4 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. Auto Nejma's Operating Income for the six months ended in Dec. 2023 was MAD 132 Mil. Auto Nejma's Interest Expense for the six months ended in Dec. 2023 was MAD -4 Mil. Auto Nejma's Interest Coverage for the quarter that ended in Dec. 2023 was 35.20. 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.

Auto Nejma Interest Expense Historical Data

The historical data trend for Auto Nejma'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.

Auto Nejma Interest Expense Chart

Auto Nejma Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-6.09

-9.41

-25.44

-12.91

-3.99

Auto Nejma 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															-12.75	-7.90	-5.01	-0.23	-3.76

Auto Nejma 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 MAD-4 Mil.

Auto Nejma (CAS:NEJ) 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.

Auto Nejma's Interest Expense for the six months ended in Dec. 2023 was MAD-4 Mil. Its Operating Income for the six months ended in Dec. 2023 was MAD132 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was MAD0 Mil.

Auto Nejma's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	132.163	/	-3.755
	=	35.20

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

Auto Nejma (CAS:NEJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Auto Nejma (CAS:NEJ) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Km 10, El Jadida Road, Casablanca, MAR, 20230

Website

http://www.autonejma.ma

Auto Nejma is an automobile distributor in Morocco. The company imports and markets vehicles, spare parts and car accessories. It represents the Mercedes-Benz private and commercial vehicle brands, SsangYong and Mahindra in Morocco.

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