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Coast Investment & Development Co (KUW:COAST) Interest Expense : KWD0.00 Mil (TTM As of Mar. 2024)


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What is Coast Investment & Development Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Coast Investment & Development Co's interest expense for the three months ended in Mar. 2024 was KWD 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was KWD0.00 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. Coast Investment & Development Co's Operating Income for the three months ended in Mar. 2024 was KWD 0.12 Mil. Coast Investment & Development Co's Interest Expense for the three months ended in Mar. 2024 was KWD 0.00 Mil. Coast Investment & Development Co has no long-term debt (1). 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Coast Investment & Development Co Interest Expense Historical Data

The historical data trend for Coast Investment & Development 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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Coast Investment & Development Co Interest Expense Chart

Coast Investment & Development Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
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Coast Investment & Development Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Coast Investment & Development 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was KWD0.00 Mil.

* 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.

Coast Investment & Development Co  (KUW:COAST) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Coast Investment & Development Co's Interest Expense for the three months ended in Mar. 2024 was KWD0.00 Mil. Its Operating Income for the three months ended in Mar. 2024 was KWD0.12 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was KWD0.00 Mil.

Coast Investment & Development Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Coast Investment & Development Co had no long-term debt (1).

* 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.

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

Good Sign:

Coast Investment & Development Co has no debt.

Coast Investment & Development Co (KUW:COAST) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Coast Investment & Development Co (KUW:COAST) » Definitions » Interest Expense
Comparable Companies
KUW:ASIYA KUW:KAMCO KUW:ALSAFAT KUW:RASIYAT KUW:NIH KUW:MARKAZ KUW:INOVEST KUW:SECH KUW:IFA KUW:ALOLA BLK BX OSTO:INVE A TSX:BN KKR APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
N/A
Address
Al Sharq Area, Shuhada Street, P.O. Box 26755, Coast Building, Al Asima Governate, Kuwait, KWT, 13128
Website
https://www.coast.com.kw
Coast Investment & Development Co is a financial institution. The coast is engaged in a variety of investment management activities such as private equity, asset management, and real estate investments both locally and internationally. It also offers a wide array of investment services including portfolio and fund management, advisory services, corporate finance, and online equity trading services. The company's geographical segment includes Kuwait and GCC; Europe and the USA. It derives the majority of its revenue from Kuwait and GCC.

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