Arabi Holding Group (KUW:AGHC) Interest Expense : KWD-13.47 Mil (TTM As of Mar. 2024)

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What is Arabi Holding Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Arabi Holding Group's interest expense for the three months ended in Mar. 2024 was KWD -2.76 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was KWD-13.47 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. Arabi Holding Group's Operating Income for the three months ended in Mar. 2024 was KWD -0.11 Mil. Arabi Holding Group's Interest Expense for the three months ended in Mar. 2024 was KWD -2.76 Mil. Arabi Holding Group did not have earnings to cover the interest expense. 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.

Arabi Holding Group Interest Expense Historical Data

The historical data trend for Arabi Holding Group'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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Arabi Holding Group Interest Expense Chart

Arabi Holding Group Annual Data

Trend

Dec13

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-10.44

-9.47

-9.68

-12.58

-13.49

Arabi Holding Group 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															-2.79	-3.07	-2.63	-5.01	-2.76

Arabi Holding Group 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 KWD-13.47 Mil.

Arabi Holding Group (KUW:AGHC) 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.

Arabi Holding Group's Interest Expense for the three months ended in Mar. 2024 was KWD-2.76 Mil. Its Operating Income for the three months ended in Mar. 2024 was KWD-0.11 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was KWD20.17 Mil.

Arabi Holding Group's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Arabi Holding Group did not have earnings to cover the interest expense.

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. Arabi Holding Groups earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Arabi Holding Group (KUW:AGHC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Arabi Holding Group (KUW:AGHC) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Forth Ring Road, P.O. Box 4090, Plot 175/176C, Behind Ali Abdulwahab Furniture Showroom, Shuwaikh Industrial Area, Safat, Kuwait, KWT, 13041

Website

http://www.arabigroup.com

Arabi Holding Group is an investment holding company. Its operating segment includes Oil and Gas, and Commercial. It generates maximum revenue from the Oil and Gas segment. Its group's revenue sources include services and maintenance, construction, manpower supply, sale of goods, and other sources. Geographically, it derives a majority of its revenue from Kuwait.