Al Mawarid Manpower Co (SAU:1833) Interest Expense : ﷼-3 Mil (TTM As of Sep. 2024)

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What is Al Mawarid Manpower Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Al Mawarid Manpower Co's interest expense for the three months ended in Sep. 2024 was ﷼ -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ﷼-3 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 Mawarid Manpower Co's Operating Income for the three months ended in Sep. 2024 was ﷼ 33 Mil. Al Mawarid Manpower Co's Interest Expense for the three months ended in Sep. 2024 was ﷼ -1 Mil. Al Mawarid Manpower Co's Interest Coverage for the quarter that ended in Sep. 2024 was 37.88. 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 Mawarid Manpower Co Interest Expense Historical Data

The historical data trend for Al Mawarid Manpower 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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Al Mawarid Manpower Co Interest Expense Chart

Al Mawarid Manpower Co Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

-0.14

-1.04

-2.32

Al Mawarid Manpower Co Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial								-0.65	-0.76	-0.79	-0.80	-0.86

Al Mawarid Manpower 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 ﷼-3 Mil.

Al Mawarid Manpower Co (SAU:1833) 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.

Al Mawarid Manpower Co's Interest Expense for the three months ended in Sep. 2024 was ﷼-1 Mil. Its Operating Income for the three months ended in Sep. 2024 was ﷼33 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ﷼29 Mil.

Al Mawarid Manpower 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	*	32.614	/	-0.861
	=	37.88

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

Al Mawarid Manpower Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Al Mawarid Manpower Co (SAU:1833) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

7017 Ibn Warqa Street, P.O. Box 10370, Al-Rawdah District, Riyadh, SAU, 13211

Website

https://www.mawarid.com.sa

Al Mawarid Manpower Co is a Saudi closed joint stock company. The company is engaged in labor recruitment activities and the provision of manpower services in the Kingdom to corporate clients (in the public and private sectors) and individuals. The company operates in three reportable segments: Corporate Segment, Individual Segment, and Hourly Segment out of which Corporate Segment represents the majority revenue generated from corporate clients, mainly in connection with the following client industries: maintenance companies, restaurants, construction and contracting, transportation and hospitals.

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