Shamal Az-Zour Al-Oula Power And Water Co KSCP (KUW:AZNOULA) Interest Expense : KWD-22.70 Mil (TTM As of Mar. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Shamal Az-Zour Al-Oula Power And Water Co KSCP Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shamal Az-Zour Al-Oula Power And Water Co KSCP's interest expense for the three months ended in Mar. 2024 was KWD -5.61 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was KWD-22.70 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. Shamal Az-Zour Al-Oula Power And Water Co KSCP's Operating Income for the three months ended in Mar. 2024 was KWD 7.62 Mil. Shamal Az-Zour Al-Oula Power And Water Co KSCP's Interest Expense for the three months ended in Mar. 2024 was KWD -5.61 Mil. Shamal Az-Zour Al-Oula Power And Water Co KSCP's Interest Coverage for the quarter that ended in Mar. 2024 was 1.36. 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.

Shamal Az-Zour Al-Oula Power And Water Co KSCP Interest Expense Historical Data

The historical data trend for Shamal Az-Zour Al-Oula Power And Water Co KSCP'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.

Shamal Az-Zour Al-Oula Power And Water Co KSCP Interest Expense Chart

Shamal Az-Zour Al-Oula Power And Water Co KSCP Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-22.64

-21.55

-18.58

-18.32

-21.99

Shamal Az-Zour Al-Oula Power And Water Co KSCP Quarterly Data
	Dec18	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															-4.90	-4.91	-4.92	-7.27	-5.61

Shamal Az-Zour Al-Oula Power And Water Co KSCP 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-22.70 Mil.

Shamal Az-Zour Al-Oula Power And Water Co KSCP (KUW:AZNOULA) 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.

Shamal Az-Zour Al-Oula Power And Water Co KSCP's Interest Expense for the three months ended in Mar. 2024 was KWD-5.61 Mil. Its Operating Income for the three months ended in Mar. 2024 was KWD7.62 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was KWD290.48 Mil.

Shamal Az-Zour Al-Oula Power And Water Co KSCP'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	*	7.623	/	-5.605
	=	1.36

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. Shamal Az-Zour Al-Oula Power And Water Co KSCP interest coverage is 1.44, which is low.

Shamal Az-Zour Al-Oula Power And Water Co KSCP (KUW:AZNOULA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Shamal Az-Zour Al-Oula Power And Water Co KSCP (KUW:AZNOULA) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Khalid Ibn Al Waleed Street, 6th Floor, Mazaya Tower 2, Block 3, Mirqab, Kuwait City, KWT

Website

https://aznoula.com

Shamal Az-Zour Al-Oula Power And Water Co KSCP is engaged in the development of Az-Zour North One Power and Water plant. The company promotes power generation plants and builds and operates power production and water desalination plants that produce more than 500 MW.

Shamal Az-Zour Al-Oula Power And Water Co KSCP (KUW:AZNOULA) Headlines

No Headlines