Al-Mazaya Holding Co K.S.C.P (KUW:MAZAYA) Interest Expense : KWD-6.76 Mil (TTM As of Jun. 2024)

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What is Al-Mazaya Holding Co K.S.C.P Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Al-Mazaya Holding Co K.S.C.P's interest expense for the three months ended in Jun. 2024 was KWD -1.39 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was KWD-6.76 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. Al-Mazaya Holding Co K.S.C.P's Operating Income for the three months ended in Jun. 2024 was KWD 1.63 Mil. Al-Mazaya Holding Co K.S.C.P's Interest Expense for the three months ended in Jun. 2024 was KWD -1.39 Mil. Al-Mazaya Holding Co K.S.C.P's Interest Coverage for the quarter that ended in Jun. 2024 was 1.17. 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.

Al-Mazaya Holding Co K.S.C.P Interest Expense Historical Data

The historical data trend for Al-Mazaya Holding Co K.S.C.P'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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Al-Mazaya Holding Co K.S.C.P Interest Expense Chart

Al-Mazaya Holding Co K.S.C.P Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-5.88

-5.61

-4.72

-5.67

-7.53

Al-Mazaya Holding Co K.S.C.P 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															-1.85	-1.88	-2.05	-1.44	-1.39

Al-Mazaya Holding Co K.S.C.P 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-6.76 Mil.

Al-Mazaya Holding Co K.S.C.P (KUW:MAZAYA) 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.

Al-Mazaya Holding Co K.S.C.P's Interest Expense for the three months ended in Jun. 2024 was KWD-1.39 Mil. Its Operating Income for the three months ended in Jun. 2024 was KWD1.63 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was KWD79.18 Mil.

Al-Mazaya Holding Co K.S.C.P'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	*	1.625	/	-1.393
	=	1.17

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. Al-Mazaya Holding Co K.S.C.P interest coverage is 1.02, which is low.

Al-Mazaya Holding Co K.S.C.P Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Al-Mazaya Holding Co K.S.C.P (KUW:MAZAYA) » Definitions » Interest Expense

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MAZAYA:United Arab Emirates

Address

Al-Mazaya Tower 01, P.O. Box 3546, 1 - 23th Floor, Al Murqab, Safat, Kuwait, KWT, 13036

Website

http://www.mazayaholding.com

Al-Mazaya Holding Co K.S.C.P is engaged in real estate development and investment activities. It provides real estate products and services in several fields, including housing projects, such as deluxe villas and high-class residential buildings, and commercial projects, such as office and retail buildings. The company is also engaged in other real estate fields to include purchasing, ownership, and selling of lands and their development for the account of the company inside and outside of Kuwait. Its geographical segments include Kuwait; United Arab Emirates (UAE); Kingdom of Saudi Arabia (KSA), Turkey and other countries. The company derives a majority of revenue from the United Arab Emirates.

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