Oman United Insurance CoOG (MUS:OUIC) Interest Expense : ر.ع-2.31 Mil (TTM As of Mar. 2023)

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What is Oman United Insurance CoOG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Oman United Insurance CoOG's interest expense for the three months ended in Mar. 2023 was ر.ع -1.05 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2023 was ر.ع-2.31 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. Oman United Insurance CoOG's Operating Income for the three months ended in Mar. 2023 was ر.ع 0.00 Mil. Oman United Insurance CoOG's Interest Expense for the three months ended in Mar. 2023 was ر.ع -1.05 Mil. Oman United Insurance CoOG did not have earnings to cover the interest expense. 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.

Oman United Insurance CoOG Interest Expense Historical Data

The historical data trend for Oman United Insurance CoOG'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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Oman United Insurance CoOG Interest Expense Chart

Oman United Insurance CoOG Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec19

Dec20

Dec21

Interest Expense

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-2.66

-2.94

-2.93

-3.35

-2.99

Oman United Insurance CoOG Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Dec19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23
Interest Expense	Get a 7-Day Free Trial															-0.77	-0.86	-0.62	-0.64	-1.05

Oman United Insurance CoOG 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ر.ع-2.31 Mil.

Oman United Insurance CoOG (MUS:OUIC) 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.

Oman United Insurance CoOG's Interest Expense for the three months ended in Mar. 2023 was ر.ع-1.05 Mil. Its EBIT for the three months ended in Mar. 2023 was ر.ع0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2023 was ر.ع0.35 Mil.

Oman United Insurance CoOG's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

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

Oman United Insurance CoOG (MUS:OUIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Oman United Insurance Co SAOG (MUS:OUIC) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Al Khuwair Street, P.O.Box 1522, Ruwi, Muscat, OMN, 112

Website

http://www.omanutd.com

Oman United Insurance Co SAOG is an insurance company. It is engaged in the underwriting of general and life and medical insurance business and in the repair and maintenance of motor vehicles. It operates in two segments General insurance and Life insurance. General insurance business includes insurance and re-insurance of motor, fire, general accident, marine cargo, hull, workmen compensation, engineering, and aviation. Life insurance relates to the insuring of the life of an individual, group life and group medical. It operates within the Sultanate of Oman with the highest revenue generated from General insurance segment.

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