Union Coop (DFM:UNIONCOOP) Interest Expense : د.إ-16 Mil (TTM As of Dec. 2023)

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What is Union Coop Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Union Coop's interest expense for the six months ended in Dec. 2023 was د.إ -8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was د.إ-16 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. Union Coop's Operating Income for the six months ended in Dec. 2023 was د.إ 18 Mil. Union Coop's Interest Expense for the six months ended in Dec. 2023 was د.إ -8 Mil. Union Coop's Interest Coverage for the quarter that ended in Dec. 2023 was 2.23. 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.

Union Coop Interest Expense Historical Data

The historical data trend for Union Coop'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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Union Coop Interest Expense Chart

Union Coop Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

-3.09

-15.96

-16.27

Union Coop Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial			-	-8.63	-7.32	-8.00	-8.27

Union Coop 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 د.إ-16 Mil.

Union Coop (DFM:UNIONCOOP) 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.

Union Coop's Interest Expense for the six months ended in Dec. 2023 was د.إ-8 Mil. Its Operating Income for the six months ended in Dec. 2023 was د.إ18 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was د.إ433 Mil.

Union Coop'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	*	18.48	/	-8.27
	=	2.23

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

Union Coop (DFM:UNIONCOOP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Union Coop (DFM:UNIONCOOP) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

The Tripoli Street, Al Warqa - 3, Dubai, ARE

Website

https://corporate.unioncoop.ae/ar/

Union Coop is engaged in establishing and managing hypermarkets in the United Arab Emirates. The company has 26 branches, and owns five shopping centers: Al Warqa City Mall, Etihad Mall, Al Barsha South Mall, Al Barsha South Mall and Nad Al Hamar Mall, and launched a chain of stores under the name of Coop, representing new concepts of shopping, as it includes four outlets in addition to one branch of the Mini Coop chain, and Union Coop is the first consumer cooperative in the Middle East to include the concept of smart shopping.

Union Coop (DFM:UNIONCOOP) Headlines

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