Ghabbour Auto (Ghabbour Auto) Interest Expense : $-43.36 Mil (TTM As of Dec. 2023)

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What is Ghabbour Auto Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ghabbour Auto's interest expense for the three months ended in Dec. 2023 was $ -10.28 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-43.36 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. Ghabbour Auto's Operating Income for the three months ended in Dec. 2023 was $ 31.77 Mil. Ghabbour Auto's Interest Expense for the three months ended in Dec. 2023 was $ -10.28 Mil. Ghabbour Auto's Interest Coverage for the quarter that ended in Dec. 2023 was 3.09. 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.

Ghabbour Auto Interest Expense Historical Data

The historical data trend for Ghabbour Auto'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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Ghabbour Auto Interest Expense Chart

Ghabbour Auto Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-90.92

-58.50

-46.69

-36.16

-41.95

Ghabbour Auto Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-10.04	-7.99	-7.95	-17.14	-10.28

Ghabbour Auto 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 quarterly data reported by the company within the most recent 12 months, which was $-43.36 Mil.

Ghabbour Auto (OTCPK:GBAXY) 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.

Ghabbour Auto's Interest Expense for the three months ended in Dec. 2023 was $-10.28 Mil. Its Operating Income for the three months ended in Dec. 2023 was $31.77 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $175.44 Mil.

Ghabbour Auto'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	*	31.772	/	-10.282
	=	3.09

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

Ghabbour Auto (Ghabbour Auto) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ghabbour Auto (OTCPK:GBAXY) » Definitions » Interest Expense

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Traded in Other Exchanges

GBCO:Egypt

Address

Alexandria Desert Road, Industrial Zone - Abou Rawash Kilo meter 28 Cairo, Giza, EGY

Website

https://www.gb-corporation.com

GB Corp is a company engaged in trading, distributing, and marketing of all transportation means including heavy trucks, semi-trucks, passenger cars, buses, minibuses, microbuses, agriculture tractors pick-ups, mechanical tools equipment for sail movement. It operates in segments that include Passenger cars engaged in trading, distributing, and marketing for all kinds of passenger cars including locally manufactured and imported cars. Buses and trucks segment, 2 & 3 Wheels, Financial Services non-Banking, and Other operations which includes trading spare parts, and accessories. The company derives the majority of its revenue from the Passenger car segment.