Al-Babtain Power & Telecommunication Co (SAU:2320) Interest Expense : ﷼-98 Mil (TTM As of Sep. 2024)

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What is Al-Babtain Power & Telecommunication Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Al-Babtain Power & Telecommunication Co's interest expense for the three months ended in Sep. 2024 was ﷼ -22 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ﷼-98 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-Babtain Power & Telecommunication Co's Operating Income for the three months ended in Sep. 2024 was ﷼ 74 Mil. Al-Babtain Power & Telecommunication Co's Interest Expense for the three months ended in Sep. 2024 was ﷼ -22 Mil. Al-Babtain Power & Telecommunication Co's Interest Coverage for the quarter that ended in Sep. 2024 was 3.31. 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-Babtain Power & Telecommunication Co Interest Expense Historical Data

The historical data trend for Al-Babtain Power & Telecommunication 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-Babtain Power & Telecommunication Co Interest Expense Chart

Al-Babtain Power & Telecommunication Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-33.82

-34.81

-36.38

-69.66

-91.19

Al-Babtain Power & Telecommunication 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															-20.61	-30.40	-21.80	-23.57	-22.37

Al-Babtain Power & Telecommunication 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 ﷼-98 Mil.

Al-Babtain Power & Telecommunication Co (SAU:2320) 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-Babtain Power & Telecommunication Co's Interest Expense for the three months ended in Sep. 2024 was ﷼-22 Mil. Its Operating Income for the three months ended in Sep. 2024 was ﷼74 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ﷼227 Mil.

Al-Babtain Power & Telecommunication 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	*	74	/	-22.368
	=	3.31

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

Al-Babtain Power & Telecommunication Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Al-Babtain Power & Telecommunication Co (SAU:2320) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

P.O. Box 88373, Al-Sulay District, Riyadh, SAU, 11662

Website

https://www.al-babtain.com.sa

Al-Babtain Power & Telecommunication Co provides solutions for power and telecommunications infrastructure. The company's activity involves establishing and repairing stations and towers of wired and wireless communication and radars. Its operating segment involves (i) the Towers and metal structures sector which includes the production of power transmission towers, galvanized communication towers and their tests, and galvanized steel structures. (ii) Poles and lighting which include the production and galvanization of electricity and lighting poles, masts, and their accessories. (iii) Design, supply, and installation sector which includes the work of supplying, installing, and maintaining communication systems. (iv) Solar energy sector and (v) Headquarters.

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