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United Foods Co PSC (DFM:UFC) Interest Expense : د.إ-0.9 Mil (TTM As of Mar. 2024)


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What is United Foods Co PSC Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. United Foods Co PSC's interest expense for the three months ended in Mar. 2024 was د.إ -0.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was د.إ-0.9 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. United Foods Co PSC's Operating Income for the three months ended in Mar. 2024 was د.إ 14.2 Mil. United Foods Co PSC's Interest Expense for the three months ended in Mar. 2024 was د.إ -0.2 Mil. United Foods Co PSC's Interest Coverage for the quarter that ended in Mar. 2024 was 61.04. 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.

United Foods Co PSC Interest Expense Historical Data

The historical data trend for United Foods Co PSC'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.

United Foods Co PSC Interest Expense Chart

United Foods Co PSC 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 -0.97 -0.91 -0.96 -1.87 -0.92

United Foods Co PSC Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -0.26 -0.23 -0.25 -0.19 -0.23

United Foods Co PSC 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-0.9 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.

United Foods Co PSC  (DFM:UFC) 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.

United Foods Co PSC's Interest Expense for the three months ended in Mar. 2024 was د.إ-0.2 Mil. Its Operating Income for the three months ended in Mar. 2024 was د.إ14.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was د.إ12.9 Mil.

United Foods Co PSC'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*14.162/-0.232
=61.04

* 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.

United Foods Co PSC (DFM:UFC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » United Foods Co PSC (DFM:UFC) » Definitions » Interest Expense
Comparable Companies
DFM:NGI ADX:DHAFRA ADX:EIC ADX:UNION DFM:OIC ADX:ALAIN DFM:SALAMA XSWX:NESN KHC GIS XPAR:BN SHSE:603288 NSE:NESTLEIND SZSE:300999 SHSE:600887 TSE:2802 LSE:ABF BIMBOA HRL K
Traded in Other Exchanges
N/A
Address
Al Quoz 1, P.O. Box 5836, Dubai, ARE
Website
https://www.unitedfoods.ae
United Foods Co PSC is engaged in manufacturing, processing, and marketing of vegetable ghee, cooking oil, margarine, butter products, and fat including trading of other food products. Geographically, It operates in the United Arab Emirates, GCC other than UAE and the rest of the world, out of which the majority is from the United Arab Emirates. The Company operates under the following brands- Aseel, Nawar, Safi, Mumtaz, Della Terra and Super Sun. The company's business units are Oil & Fats, Frozen & Chilled and Water & Beverages.

United Foods Co PSC (DFM:UFC) Headlines

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