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Al Ramz Investment and Development Co (DFM:ALRAMZ) Interest Expense : د.إ-21.4 Mil (TTM As of Sep. 2024)


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What is Al Ramz Investment and Development Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Al Ramz Investment and Development Co's interest expense for the three months ended in Sep. 2024 was د.إ -6.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was د.إ-21.4 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. Al Ramz Investment and Development Co's Operating Income for the three months ended in Sep. 2024 was د.إ 11.2 Mil. Al Ramz Investment and Development Co's Interest Expense for the three months ended in Sep. 2024 was د.إ -6.4 Mil. Al Ramz Investment and Development Co's Interest Coverage for the quarter that ended in Sep. 2024 was 1.75. 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.


Al Ramz Investment and Development Co Interest Expense Historical Data

The historical data trend for Al Ramz Investment and Development Co'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.

Al Ramz Investment and Development Co Interest Expense Chart

Al Ramz Investment and Development Co 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 -16.13 -8.87 -6.97 -5.26 -11.18

Al Ramz Investment and Development Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -3.36 -3.59 -5.21 -6.19 -6.43

Al Ramz Investment and Development Co 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 د.إ-21.4 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.


Al Ramz Investment and Development Co  (DFM:ALRAMZ) 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.

Al Ramz Investment and Development Co's Interest Expense for the three months ended in Sep. 2024 was د.إ-6.4 Mil. Its Operating Income for the three months ended in Sep. 2024 was د.إ11.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was د.إ0.8 Mil.

Al Ramz Investment and Development Co'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*11.23/-6.427
=1.75

* 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.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Al Ramz Corporation Investment and Development Co interest coverage is 1.55, which is low.


Al Ramz Investment and Development Co Business Description

Traded in Other Exchanges
N/A
Address
Rolex tower, Level 9, P.O.Box 121200, Dubai, ARE
Al Ramz Corporation Investment and Development Co is a financial institution providing a variety of services including asset management, corporate finance, brokerage, lending, market making, liquidity providing, and research. The main activities of the company and its subsidiaries are to invest and manage commercial, industrial, and agricultural enterprises and to provide brokerage services including brokerage in selling and buying shares, margin trading, market making, and liquidity providing, and to perform all related transactions and activities.

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