Combined Group Contracting K C (KUW:CGC) Interest Expense : KWD-1.8 Mil (TTM As of Dec. 2024)

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What is Combined Group Contracting K C Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Combined Group Contracting K C's interest expense for the three months ended in Dec. 2024 was KWD -0.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was KWD-1.8 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. Combined Group Contracting K C's Operating Income for the three months ended in Dec. 2024 was KWD 4.6 Mil. Combined Group Contracting K C's Interest Expense for the three months ended in Dec. 2024 was KWD -0.5 Mil. Combined Group Contracting K C's Interest Coverage for the quarter that ended in Dec. 2024 was 9.63. 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.

Combined Group Contracting K C Interest Expense Historical Data

The historical data trend for Combined Group Contracting K C'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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Combined Group Contracting K C Interest Expense Chart

Combined Group Contracting K C Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-2.16

-1.09

-1.18

-1.83

-1.82

Combined Group Contracting K C Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-0.49	-0.43	-0.47	-0.45	-0.48

Combined Group Contracting K C 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was KWD-1.8 Mil.

Combined Group Contracting K C (KUW:CGC) 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.

Combined Group Contracting K C's Interest Expense for the three months ended in Dec. 2024 was KWD-0.5 Mil. Its Operating Income for the three months ended in Dec. 2024 was KWD4.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was KWD9.4 Mil.

Combined Group Contracting K C's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	4.574	/	-0.475
	=	9.63

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

Combined Group Contracting K C Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Combined Group Contracting SA K C (KUW:CGC) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Al Ardiya Industrial, P.O. Box : 4819, Block No. 2, Plot No. 284, Kuwait City, KWT, 13049

Website

https://www.cgc-kw.com

Combined Group Contracting SA K C is a Kuwait-based company engaged in the construction industry. It undertakes general contracting, mechanical works, engineering works; packaging cement, sand, and related materials; Asphalt production, construction works of buildings, ways, and bridges, and managing, and controlling them and their related works and many other activities. The group has the operations in State of Kuwait and the Gulf Countries of which it earns the majority of revenue share from the Kuwait region.