Paints and Chemical Industries Co (LSE:47KT) Interest Expense : $ Mil (TTM As of Jun. 2018)

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What is Paints and Chemical Industries Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Paints and Chemical Industries Co's interest expense for the six months ended in Jun. 2018 was $ -0.25 Mil. Paints and Chemical Industries Co does not have enough years/quarters to calculate its interest expense for the trailing twelve months (TTM) ended in Jun. 2018.

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. Paints and Chemical Industries Co's Operating Income for the six months ended in Jun. 2018 was $ 5.67 Mil. Paints and Chemical Industries Co's Interest Expense for the six months ended in Jun. 2018 was $ -0.25 Mil. Paints and Chemical Industries Co's Interest Coverage for the quarter that ended in Jun. 2018 was 23.15. 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.

Paints and Chemical Industries Co Interest Expense Historical Data

The historical data trend for Paints and Chemical Industries Co'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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Paints and Chemical Industries Co Interest Expense Chart

Paints and Chemical Industries Co Annual Data

Trend

Jun17

Jun18

Interest Expense

-0.17

-0.25

Paints and Chemical Industries Co Semi-Annual Data
	Jun17	Jun18
Interest Expense	-0.17	-0.25

Paints and Chemical Industries Co Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Paints and Chemical Industries Co (LSE:47KT) 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.

Paints and Chemical Industries Co's Interest Expense for the six months ended in Jun. 2018 was $-0.25 Mil. Its Operating Income for the six months ended in Jun. 2018 was $5.67 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2018 was $0.00 Mil.

Paints and Chemical Industries Co's Interest Coverage for the quarter that ended in Jun. 2018 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2018 )	/	Interest Expense (Q: Jun. 2018 )
	=	-1	*	5.671	/	-0.245
	=	23.15

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

Paints and Chemical Industries Co (LSE:47KT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Paints and Chemical Industries Co (LSE:47KT) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

1, Elmassanie Street, P.O. Box 11887,Elamiriya, Cario, EGY

Website

http://www.pachin.net

Paints and Chemical Industries Co is an Egypt-based company engaged in the manufacturing of paints, varnishes, industrial chemicals, printing inks, animal extracts and other related products. The product portfolio of the group consists of Decorative paints, Industrial paints, Printing inks and alkyd resin. The majority of income for the group is generated through the sale of products. It also exports all the products of paints to Libya, Saudi Arabia, Syria, Cyprus, Kenya, Sudan, and Equatorial Guinea.

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