Heavy Engineering Industries and Shipbuilding Co KSC (KUW:SHIP) Interest Expense : KWD-1.6 Mil (TTM As of Mar. 2024)

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What is Heavy Engineering Industries and Shipbuilding Co KSC Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Heavy Engineering Industries and Shipbuilding Co KSC's interest expense for the three months ended in Mar. 2024 was KWD -0.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was KWD-1.6 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. Heavy Engineering Industries and Shipbuilding Co KSC's Operating Income for the three months ended in Mar. 2024 was KWD 1.9 Mil. Heavy Engineering Industries and Shipbuilding Co KSC's Interest Expense for the three months ended in Mar. 2024 was KWD -0.4 Mil. Heavy Engineering Industries and Shipbuilding Co KSC's Interest Coverage for the quarter that ended in Mar. 2024 was 5.29. 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.

Heavy Engineering Industries and Shipbuilding Co KSC Interest Expense Historical Data

The historical data trend for Heavy Engineering Industries and Shipbuilding 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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Heavy Engineering Industries and Shipbuilding Co KSC Interest Expense Chart

Heavy Engineering Industries and Shipbuilding Co KSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.50

-1.17

-0.87

-1.03

-1.69

Heavy Engineering Industries and Shipbuilding Co KSC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.40	-0.43	-0.54	-0.32	-0.35

Heavy Engineering Industries and Shipbuilding 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was KWD-1.6 Mil.

Heavy Engineering Industries and Shipbuilding Co KSC (KUW:SHIP) 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.

Heavy Engineering Industries and Shipbuilding Co KSC's Interest Expense for the three months ended in Mar. 2024 was KWD-0.4 Mil. Its Operating Income for the three months ended in Mar. 2024 was KWD1.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was KWD1.6 Mil.

Heavy Engineering Industries and Shipbuilding Co KSC's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	1.867	/	-0.353
	=	5.29

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

Heavy Engineering Industries and Shipbuilding Co KSC (KUW:SHIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Heavy Engineering Industries and Shipbuilding Co KSC (KUW:SHIP) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shuwaik Port, Gate No.7, P.O. Box 21998, Safat, Kuwait, KWT, 13080

Website

https://www.heisco.com

Heavy Engineering Industries and Shipbuilding Company is an Engineering, Procurement and Construction Contracting company based in Kuwait with a diversified range of business in Oil and Gas, Refineries, Petrochemicals, Power, Distillation and Desalination, Shipbuilding and Repair, Marine Services, and Construction sectors. It delivers diversified services to the industry with civil, mechanical, electrical and instrumentation constructions, maintenance, fabrication, galvanizing, shipyard services, and onshore & offshore operations.