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Middle East Specialized Cables Co (SAU:2370) Interest Expense : ﷼-4.5 Mil (TTM As of Mar. 2024)


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What is Middle East Specialized Cables Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Middle East Specialized Cables Co's interest expense for the three months ended in Mar. 2024 was ﷼ -2.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ﷼-4.5 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. Middle East Specialized Cables Co's Operating Income for the three months ended in Mar. 2024 was ﷼ 32.0 Mil. Middle East Specialized Cables Co's Interest Expense for the three months ended in Mar. 2024 was ﷼ -2.0 Mil. Middle East Specialized Cables Co's Interest Coverage for the quarter that ended in Mar. 2024 was 15.71. 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.

Middle East Specialized Cables Co Interest Expense Historical Data

The historical data trend for Middle East Specialized Cables 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.

Middle East Specialized Cables Co Interest Expense Chart

Middle East Specialized Cables 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 -6.39 -4.32 -3.60 -3.95 -5.16

Middle East Specialized Cables 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 -2.67 -3.33 -2.56 3.39 -2.04

Middle East Specialized Cables 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 ﷼-4.5 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.

Middle East Specialized Cables Co  (SAU:2370) 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.

Middle East Specialized Cables Co's Interest Expense for the three months ended in Mar. 2024 was ﷼-2.0 Mil. Its Operating Income for the three months ended in Mar. 2024 was ﷼32.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ﷼6.4 Mil.

Middle East Specialized Cables 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*31.99/-2.036
=15.71

* 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.

Middle East Specialized Cables Co (SAU:2370) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Middle East Specialized Cables Co (SAU:2370) » Definitions » Interest Expense
Comparable Companies
SAU:1303 SZSE:300750 XSWX:ABBN BKK:DELTA TSE:6503 XPAR:LR SZSE:300124 SZSE:300274 XKRX:247540 HUBB VRT SZSE:300014 SHSE:603195 MIL:PRY SHSE:600089 BOM:517354 BOM:542652 TSE:6506 NVT BOM:500093
Traded in Other Exchanges
N/A
Address
Salahuddin Street, King Abdulaziz Sector, PO Box 60536, Riyadh, SAU, 11555
Website
https://www.mesccables.com
Middle East Specialized Cables Co is a company which is engaged in the production and sale of flexible electric, coaxial, rubber and nylon coated wires and cables, telephone cables for internal extensions, computer cables, safety and anti-fire wires and cables, and control and transmission of information cables. The company's products include instrumentation and process control cables, Building wire, power, and control cables (PVC), data and communication cable, Flexible cables, fire cables, irrigation cables, bare copper and PVCs. It operates its business in two geographic segments namely Saudi Arabia and Unites Arab Emirates (UAE). The majority of the company's revenue comes from Saudi Arabia.

Middle East Specialized Cables Co (SAU:2370) Headlines

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