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Saudi Steel Pipe Co (SAU:1320) Interest Expense : ﷼-40 Mil (TTM As of Mar. 2024)


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What is Saudi Steel Pipe Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Saudi Steel Pipe Co's interest expense for the three months ended in Mar. 2024 was ﷼ -10 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ﷼-40 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. Saudi Steel Pipe Co's Operating Income for the three months ended in Mar. 2024 was ﷼ 89 Mil. Saudi Steel Pipe Co's Interest Expense for the three months ended in Mar. 2024 was ﷼ -10 Mil. Saudi Steel Pipe Co's Interest Coverage for the quarter that ended in Mar. 2024 was 9.24. 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.

Saudi Steel Pipe Co Interest Expense Historical Data

The historical data trend for Saudi Steel Pipe 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.

Saudi Steel Pipe Co Interest Expense Chart

Saudi Steel Pipe 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 -11.78 -5.88 -7.03 -11.07 -32.66

Saudi Steel Pipe 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 -2.73 -7.57 -14.46 -7.91 -9.59

Saudi Steel Pipe 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 ﷼-40 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.

Saudi Steel Pipe Co  (SAU:1320) 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.

Saudi Steel Pipe Co's Interest Expense for the three months ended in Mar. 2024 was ﷼-10 Mil. Its Operating Income for the three months ended in Mar. 2024 was ﷼89 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ﷼113 Mil.

Saudi Steel Pipe 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*88.609/-9.594
=9.24

* 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.

Saudi Steel Pipe Co (SAU:1320) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Saudi Steel Pipe Co (SAU:1320) » Definitions » Interest Expense
Comparable Companies
SAU:1321 SAU:1304 SAU:2200 SAU:2220 SAU:9523 SAU:9513 SAU:9563 SAU:9553 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
P.O.Box 11680, Dammam, SAU, 31326
Website
https://www.sspipe.com
Saudi Steel Pipe Co is a Saudi Arabian company engaged in the manufacturing of steel pipes. The group operates in two segments, being the Process equipment segment which includes the design, manufacture, assemble, maintain, and market of heavy process equipment for the utilization of oil and gas, power generation, desalination, mining, solar energy, and off-shore plants, and Steel pipes segment which provides galvanized and non-galvanized steel pipes, square and rectangular pipes used in petroleum, gas, water, and construction sectors. It derives the majority of its revenue from the Steel pipes segment. The company has a market presence with the majority of the revenue generated from Saudi Arabia.

Saudi Steel Pipe Co (SAU:1320) Headlines

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