Emirates Central Cooling Systems PJSC (DFM:EMPOWER) Interest Expense : د.إ-222 Mil (TTM As of Mar. 2024)

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What is Emirates Central Cooling Systems PJSC Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Emirates Central Cooling Systems PJSC's interest expense for the three months ended in Mar. 2024 was د.إ -55 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was د.إ-222 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. Emirates Central Cooling Systems PJSC's Operating Income for the three months ended in Mar. 2024 was د.إ 229 Mil. Emirates Central Cooling Systems PJSC's Interest Expense for the three months ended in Mar. 2024 was د.إ -55 Mil. Emirates Central Cooling Systems PJSC's Interest Coverage for the quarter that ended in Mar. 2024 was 4.15. 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.

Emirates Central Cooling Systems PJSC Interest Expense Historical Data

The historical data trend for Emirates Central Cooling Systems PJSC'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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Emirates Central Cooling Systems PJSC Interest Expense Chart

Emirates Central Cooling Systems PJSC Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-19.77

-11.88

-7.53

-78.21

-217.98

Emirates Central Cooling Systems PJSC Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial									-51.02	-55.50	-56.42	-55.04	-55.25

Emirates Central Cooling Systems PJSC 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was د.إ-222 Mil.

Emirates Central Cooling Systems PJSC (DFM:EMPOWER) 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.

Emirates Central Cooling Systems PJSC's Interest Expense for the three months ended in Mar. 2024 was د.إ-55 Mil. Its Operating Income for the three months ended in Mar. 2024 was د.إ229 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was د.إ5,194 Mil.

Emirates Central Cooling Systems PJSC's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	229.414	/	-55.254
	=	4.15

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

Emirates Central Cooling Systems PJSC (DFM:EMPOWER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Emirates Central Cooling Systems Corp PJSC (DFM:EMPOWER) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Jumeirah Beach Road, 2nd December Street, P O Box 8081, Al Hudaiba Awards Building, Block A, 8th Floor, Opposite Etihad Museum, Dubai, ARE

Website

https://www.empower.ae

Emirates Central Cooling Systems Corp PJSC engages in offering district cooling services (DCS). It engages in the centralized production and distribution of cooling energy. The firm provides its services to a portfolio of projects such as Deira Waterfront, Blue Waters, Jumeirah Group, Jumeirah Beach Residence, Dubai International Financial Centre, Business Bay, Dubai Healthcare City, Jumeirah Lake Towers, Palm Jumeirah, Discovery Gardens, Ibn Battuta Mall, Dubai Design District, Dubai Production City and many more.

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