First Milling Co (SAU:2283) Interest Expense : ﷼-92.8 Mil (TTM As of Mar. 2024)

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What is First Milling Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. First Milling Co's interest expense for the three months ended in Mar. 2024 was ﷼ -23.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ﷼-92.8 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. First Milling Co's Operating Income for the three months ended in Mar. 2024 was ﷼ 94.4 Mil. First Milling Co's Interest Expense for the three months ended in Mar. 2024 was ﷼ -23.2 Mil. First Milling Co's Interest Coverage for the quarter that ended in Mar. 2024 was 4.08. 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.

First Milling Co Interest Expense Historical Data

The historical data trend for First Milling 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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First Milling Co Interest Expense Chart

First Milling Co Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

-11.82

-33.06

-91.27

First Milling Co Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial					-21.62	-22.73	-23.10	-23.83	-23.16

First Milling 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 ﷼-92.8 Mil.

First Milling Co (SAU:2283) 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.

First Milling Co's Interest Expense for the three months ended in Mar. 2024 was ﷼-23.2 Mil. Its Operating Income for the three months ended in Mar. 2024 was ﷼94.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ﷼1,247.6 Mil.

First Milling 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	*	94.385	/	-23.161
	=	4.08

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

First Milling Co (SAU:2283) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » First Milling Co (SAU:2283) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jeddah Islamic Port, between gates 7 and 8, PO Box: 16165, Jeddah, SAU, 22312

Website

https://www.firstmills.com

First Milling Co operates as a producer of flour-based products and byproducts. It is mainly engaged in producing flour, bran, wheat derivatives, and animal feed. The Company operates in four regions in the Kingdom of Saudi Arabia, which are its reportable segments.

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