National Petroleum Services Co KSC (KUW:NAPESCO) Interest Expense : KWD-0.01 Mil (TTM As of Sep. 2024)

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What is National Petroleum Services Co KSC Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. National Petroleum Services Co KSC's interest expense for the three months ended in Sep. 2024 was KWD -0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was KWD-0.01 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. National Petroleum Services Co KSC's Operating Income for the three months ended in Sep. 2024 was KWD 2.76 Mil. National Petroleum Services Co KSC's Interest Expense for the three months ended in Sep. 2024 was KWD -0.00 Mil. National Petroleum Services Co KSC's Interest Coverage for the quarter that ended in Sep. 2024 was 1,378.00. 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.

National Petroleum Services Co KSC Interest Expense Historical Data

The historical data trend for National Petroleum Services 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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National Petroleum Services Co KSC Interest Expense Chart

National Petroleum Services Co KSC Annual Data

Trend

Dec14

Dec15

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Dec19

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Dec22

Dec23

Interest Expense

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-0.04

-0.05

-0.02

-0.03

-0.02

National Petroleum Services Co KSC Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-0.01	-	-	-	-

National Petroleum Services 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was KWD-0.01 Mil.

National Petroleum Services Co KSC (KUW:NAPESCO) 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.

National Petroleum Services Co KSC's Interest Expense for the three months ended in Sep. 2024 was KWD-0.00 Mil. Its Operating Income for the three months ended in Sep. 2024 was KWD2.76 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was KWD0.01 Mil.

National Petroleum Services Co KSC's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	2.756	/	-0.002
	=	1,378.00

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. National Petroleum Services Co KSC has enough cash to cover all of its debt. Its financial situation is stable.

National Petroleum Services Co KSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » National Petroleum Services Co KSC (KUW:NAPESCO) » Definitions » Interest Expense

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Address

Integration Road MA10 with M6 ?Mina Abdullah, Street 6, P.O. Box 9801, Shuaiba West Industrial Area, Block 3, Plot No. 76, Al-Ahmadi, KWT, 61008

Website

http://www.napesco.com

National Petroleum Services Co KSC provides oilfield services for the oil and gas industry in Kuwait. The company is engaged in carrying out all support services for wells drilling, repairing, and preparation for production as well as wells maintenance related services. It is also engaged in establishing industrial firms for the purpose of manufacturing and producing the equipment and materials needed for well drilling and repair. There are two segments within which the company operates namely oilfield services and non-oilfield services. The majority of the revenue is mainly from Oil field contracts that include Pumping services, and then Non- oil field contracts that involve supply power and environment, safety services.

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