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Al Yamamah Steel Industries Co (SAU:1304) Interest Expense : ﷼-70 Mil (TTM As of Mar. 2024)


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What is Al Yamamah Steel Industries Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Al Yamamah Steel Industries Co's interest expense for the three months ended in Mar. 2024 was ﷼ -17 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ﷼-70 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. Al Yamamah Steel Industries Co's Operating Income for the three months ended in Mar. 2024 was ﷼ 48 Mil. Al Yamamah Steel Industries Co's Interest Expense for the three months ended in Mar. 2024 was ﷼ -17 Mil. Al Yamamah Steel Industries Co's Interest Coverage for the quarter that ended in Mar. 2024 was 2.88. 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.

Al Yamamah Steel Industries Co Interest Expense Historical Data

The historical data trend for Al Yamamah Steel 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.

* Premium members only.

Al Yamamah Steel Industries Co Interest Expense Chart

Al Yamamah Steel Industries Co Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Interest Expense
Get a 7-Day Free Trial Premium Member Only -19.45 -21.78 -13.08 -25.84 -68.71

Al Yamamah Steel Industries Co 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 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 -17.76 -18.77 -18.42 -16.47 -16.58

Al Yamamah Steel Industries 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ﷼-70 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.

Al Yamamah Steel Industries Co  (SAU:1304) 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.

Al Yamamah Steel Industries Co's Interest Expense for the three months ended in Mar. 2024 was ﷼-17 Mil. Its Operating Income for the three months ended in Mar. 2024 was ﷼48 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ﷼122 Mil.

Al Yamamah Steel Industries Co'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*47.769/-16.578
=2.88

* 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.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Al Yamamah Steel Industries Cos earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Al Yamamah Steel Industries Co (SAU:1304) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Al Yamamah Steel Industries Co (SAU:1304) » Definitions » Interest Expense
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SAU:2200 SAU:2220 SAU:9523 SAU:9513 SAU:1320 SAU:9563 SAU:9553 SAU:1321 NUE XKRX:005490 BOM:500228 TSE:5401 SHSE:600019 XAMS:MT NSE:TATASTEEL STLD RS MIC:CHMF TPE:2002 BUE:TXAR
Traded in Other Exchanges
N/A
Address
New Akaria Building, Salah Udin Al Ayoubi Street, P.O. Box 55303, Malaz Area, Aqaria Asteen, 6th Floor, Building 2, Office No. 6201, Riyadh, SAU, 11583
Website
http://www.yamsteel.com
Al Yamamah Steel Industries Co is a manufacturer of tubes, pipes and hollow shapes from iron, metal structures and their parts for bridges and towers, poles and their parts, including (poles, lighting cabins, traffic lights, etc.), installation of prefabricated steel structures for industrial facilities. The company produces and sells steel welded tubes, steel sheets, steel reinforcement bars, and three-dimension space structures. The company's operating segments include Construction and Electric. It generates maximum revenue from the Construction segment.

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