Livestock Transport & Trading Co (KUW:CATTL) Interest Expense : KWD-0.84 Mil (TTM As of Jun. 2024)

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What is Livestock Transport & Trading Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Livestock Transport & Trading Co's interest expense for the three months ended in Jun. 2024 was KWD -0.19 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was KWD-0.84 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. Livestock Transport & Trading Co's Operating Income for the three months ended in Jun. 2024 was KWD 0.32 Mil. Livestock Transport & Trading Co's Interest Expense for the three months ended in Jun. 2024 was KWD -0.19 Mil. Livestock Transport & Trading Co's Interest Coverage for the quarter that ended in Jun. 2024 was 1.63. 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.

Livestock Transport & Trading Co Interest Expense Historical Data

The historical data trend for Livestock Transport & Trading Co'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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Livestock Transport & Trading Co Interest Expense Chart

Livestock Transport & Trading Co Annual Data

Trend

Dec12

Dec13

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.36

-0.56

-0.74

-0.79

-0.92

Livestock Transport & Trading Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Interest Expense	Get a 7-Day Free Trial															-0.24	-0.25	-0.21	-0.19	-0.19

Livestock Transport & Trading Co 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was KWD-0.84 Mil.

Livestock Transport & Trading Co (KUW:CATTL) 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.

Livestock Transport & Trading Co's Interest Expense for the three months ended in Jun. 2024 was KWD-0.19 Mil. Its Operating Income for the three months ended in Jun. 2024 was KWD0.32 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was KWD13.40 Mil.

Livestock Transport & Trading Co's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	0.317	/	-0.194
	=	1.63

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

Livestock Transport & Trading Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Livestock Transport & Trading Co (KUW:CATTL) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Sulaibiya Agricultural Area, Block 12, P.O. Box 23727, Kuwait, KWT, 13098

Website

https://www.almawashi.com.kw

Livestock Transport & Trading Co is engaged in livestock import & export business. It operates in three segments: Commercial, which includes purchasing, transporting, ranching, and selling the live and slaughtered sheep and all skins, intestines, and fertilizers, and also purchasing and selling fodder and chilled & frozen meat in wholesale and retail; Food processing segment includes meat processing and its classification in all products and selling it in wholesale; and Investments segment include investment portfolios managed by specialized companies and deposits. It generates the majority of its revenue from the Commercial segment. Its geographical segments are Kuwait, UAE, Australia, and South Africa, of which Kuwait accounts for most of its revenue.

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