Mezzan Holding Co KSC (KUW:MEZZAN) Interest Expense : KWD-6.2 Mil (TTM As of Dec. 2024)

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What is Mezzan Holding Co KSC Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mezzan Holding Co KSC's interest expense for the three months ended in Dec. 2024 was KWD -1.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was KWD-6.2 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. Mezzan Holding Co KSC's Operating Income for the three months ended in Dec. 2024 was KWD 3.2 Mil. Mezzan Holding Co KSC's Interest Expense for the three months ended in Dec. 2024 was KWD -1.5 Mil. Mezzan Holding Co KSC's Interest Coverage for the quarter that ended in Dec. 2024 was 2.14. 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.

Mezzan Holding Co KSC Interest Expense Historical Data

The historical data trend for Mezzan Holding Co KSC'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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Mezzan Holding Co KSC Interest Expense Chart

Mezzan Holding Co KSC Annual Data

Trend

Dec15

Dec16

Dec17

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Dec20

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Dec22

Dec23

Dec24

Interest Expense

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-3.05

-2.39

-3.57

-5.81

-6.21

Mezzan Holding Co KSC 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															-1.62	-1.59	-1.58	-1.53	-1.51

Mezzan Holding Co KSC 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-6.2 Mil.

Mezzan Holding Co KSC (KUW:MEZZAN) 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.

Mezzan Holding Co KSC's Interest Expense for the three months ended in Dec. 2024 was KWD-1.5 Mil. Its Operating Income for the three months ended in Dec. 2024 was KWD3.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was KWD3.7 Mil.

Mezzan Holding Co KSC'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	*	3.234	/	-1.513
	=	2.14

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

Mezzan Holding Co KSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Mezzan Holding Co KSC (KUW:MEZZAN) » Definitions » Interest Expense

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Address

Shuwaikh Industrial Area 3, Block 1A, Jassim Al Wazzan Sons Building, P.O Box: 124, Safat, KWT, 13002

Website

https://www.mezzan.com

Mezzan Holding Co KSC is engaged in the manufacturing, sale, and distribution of food and non-food products. It manufactures and distributes chips, snacks, meats, bottled water, and canned foods and is also involved in the catering business, providing meals to corporations, hotels, airlines, industrial sites, and government ministries. It operates in five segments namely: Food; Catering; Services; Fast Moving Consumer Goods, Healthcare Industrial; and Industrial. The firm derives most of its revenue from the Food segment. The company's geographical segments include Kuwait, Saudi Arabia, United Arab Emirates, Qatar, Jordan, Afghanistan, and Iraq.

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