Salhia Real Estate Co KSCP (KUW:SRE) Interest Expense : KWD-8.71 Mil (TTM As of Mar. 2024)

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What is Salhia Real Estate Co KSCP Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Salhia Real Estate Co KSCP's interest expense for the three months ended in Mar. 2024 was KWD -3.22 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was KWD-8.71 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. Salhia Real Estate Co KSCP's Operating Income for the three months ended in Mar. 2024 was KWD 4.85 Mil. Salhia Real Estate Co KSCP's Interest Expense for the three months ended in Mar. 2024 was KWD -3.22 Mil. Salhia Real Estate Co KSCP's Interest Coverage for the quarter that ended in Mar. 2024 was 1.51. 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.

Salhia Real Estate Co KSCP Interest Expense Historical Data

The historical data trend for Salhia Real Estate Co KSCP'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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Salhia Real Estate Co KSCP Interest Expense Chart

Salhia Real Estate Co KSCP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.45

-0.50

-0.52

-2.83

-6.36

Salhia Real Estate Co KSCP 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															-0.87	-1.32	-2.02	-2.15	-3.22

Salhia Real Estate Co KSCP 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-8.71 Mil.

Salhia Real Estate Co KSCP (KUW:SRE) 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.

Salhia Real Estate Co KSCP's Interest Expense for the three months ended in Mar. 2024 was KWD-3.22 Mil. Its Operating Income for the three months ended in Mar. 2024 was KWD4.85 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was KWD302.67 Mil.

Salhia Real Estate Co KSCP'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	*	4.847	/	-3.219
	=	1.51

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. Salhia Real Estate Co KSCP interest coverage is 2.43, which is low.

Salhia Real Estate Co KSCP (KUW:SRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Salhia Real Estate Co KSCP (KUW:SRE) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Mohammed Thunayan Al-Ghanim Street, P.O. Box 23413, Salhia Complex, Safat, Kuwait City, KWT, 13095

Website

https://www.salhia.com

Salhia Real Estate Co KSC is engaged in real estate leasing and development of commercial properties and hotel operations in Kuwait and the United Kingdom. The company operates its business through three segments: Real Estate Operations, Hotel Operations, and Care Home Operations. Real Estate Operations being the highest revenue generator is engaged in the development and leasing of properties. Hotel Operations consist of the hotel hospitality services provided through JW Marriott Hotel - Kuwait; Courtyard Marriott Hotel-Kuwait; and Arraya Ballroom - Kuwait. Care Home Operations consist of care home activities provided by subsidiary companies. Its primary geographic markets are Kuwait & GCC and Europe.