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Middle East Paper Co (SAU:1202) Interest Expense : ﷼-30.8 Mil (TTM As of Sep. 2024)


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What is Middle East Paper Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Middle East Paper Co's interest expense for the three months ended in Sep. 2024 was ﷼ -10.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ﷼-30.8 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. Middle East Paper Co's Operating Income for the three months ended in Sep. 2024 was ﷼ 1.1 Mil. Middle East Paper Co's Interest Expense for the three months ended in Sep. 2024 was ﷼ -10.2 Mil. Middle East Paper Co's Interest Coverage for the quarter that ended in Sep. 2024 was 0.11. 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.

Middle East Paper Co Interest Expense Historical Data

The historical data trend for Middle East Paper 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.

* Premium members only.

Middle East Paper Co Interest Expense Chart

Middle East Paper Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -24.82 -17.38 -13.12 -17.24 -25.67

Middle East Paper Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -9.22 -5.07 -8.39 -7.13 -10.18

Middle East Paper Co 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 ﷼-30.8 Mil.

* 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.

Middle East Paper Co  (SAU:1202) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Middle East Paper Co's Interest Expense for the three months ended in Sep. 2024 was ﷼-10.2 Mil. Its Operating Income for the three months ended in Sep. 2024 was ﷼1.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ﷼294.3 Mil.

Middle East Paper Co'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*1.118/-10.175
=0.11

* 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.

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

Middle East Paper Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Middle East Paper Co (SAU:1202) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
Prince Mohammed Bin Abdulaziz Street, Nojoud Center, P.O.Box 32913, 1st floor, entrance(A), Unit No(45), Al Andalus, Jeddah, SAU, 23326
Website
https://www.mepco.biz
Middle East Paper Co manufacturing and production and sale of container board and industrial papers. It operates through two segments, Manufacturing, and Trading. The Manufacturing segment, which generates majority revenue, engages in the manufacturing of containerboard and industrial paper. The Trading segment deals with the wholesale and retail sales of paper, carton and plastic waste.

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