Commercial Real Estate Co KSCC (KUW:ALTIJARIA) Interest Expense : KWD-12.50 Mil (TTM As of Sep. 2024)

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What is Commercial Real Estate Co KSCC Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Commercial Real Estate Co KSCC's interest expense for the three months ended in Sep. 2024 was KWD -3.43 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was KWD-12.50 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. Commercial Real Estate Co KSCC's Operating Income for the three months ended in Sep. 2024 was KWD 4.80 Mil. Commercial Real Estate Co KSCC's Interest Expense for the three months ended in Sep. 2024 was KWD -3.43 Mil. Commercial Real Estate Co KSCC's Interest Coverage for the quarter that ended in Sep. 2024 was 1.40. 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.

Commercial Real Estate Co KSCC Interest Expense Historical Data

The historical data trend for Commercial Real Estate Co KSCC'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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Commercial Real Estate Co KSCC Interest Expense Chart

Commercial Real Estate Co KSCC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-8.47

-6.43

-9.93

-6.66

-11.26

Commercial Real Estate Co KSCC Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-2.83	-3.01	-2.96	-3.11	-3.43

Commercial Real Estate Co KSCC 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was KWD-12.50 Mil.

Commercial Real Estate Co KSCC (KUW:ALTIJARIA) 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.

Commercial Real Estate Co KSCC's Interest Expense for the three months ended in Sep. 2024 was KWD-3.43 Mil. Its Operating Income for the three months ended in Sep. 2024 was KWD4.80 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was KWD233.10 Mil.

Commercial Real Estate Co KSCC's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	4.799	/	-3.432
	=	1.40

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. Commercial Real Estate Co KSCC interest coverage is 1.48, which is low.

Commercial Real Estate Co KSCC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Commercial Real Estate Co KSCC (KUW:ALTIJARIA) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Al-Sharq Jaber Al Mubarak Street, Commercial Real Estate Building, P.O.Box 4119, Safat, Kuwait City, KWT, 13042

Website

https://www.altijaria.com

Commercial Real Estate Co KSCC is engaged in performing various real estate, agricultural, industrial, and commercial activities, carrying out contracting, road and building constructions, including the sale, purchase, and lease of land and real estate properties and construction of buildings. It operates through the Real estate, Hotel, and Investment business segment, of which the majority of its revenue comes from the real estate segment. Its geographical segments are the State of Kuwait, Gulf Countries, and Others.

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