Zahrat Al Waha for Trading Co (SAU:3007) Interest Expense : ﷼-17.1 Mil (TTM As of Mar. 2024)

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What is Zahrat Al Waha for Trading Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Zahrat Al Waha for Trading Co's interest expense for the three months ended in Mar. 2024 was ﷼ -4.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ﷼-17.1 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. Zahrat Al Waha for Trading Co's Operating Income for the three months ended in Mar. 2024 was ﷼ 5.8 Mil. Zahrat Al Waha for Trading Co's Interest Expense for the three months ended in Mar. 2024 was ﷼ -4.6 Mil. Zahrat Al Waha for Trading Co's Interest Coverage for the quarter that ended in Mar. 2024 was 1.27. 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.

Zahrat Al Waha for Trading Co Interest Expense Historical Data

The historical data trend for Zahrat Al Waha for Trading 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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Zahrat Al Waha for Trading Co Interest Expense Chart

Zahrat Al Waha for Trading Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-13.27

-9.89

-7.62

-12.58

-16.69

Zahrat Al Waha for Trading 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															-4.12	-4.63	-3.99	-3.95	-4.58

Zahrat Al Waha for Trading 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 ﷼-17.1 Mil.

Zahrat Al Waha for Trading Co (SAU:3007) 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.

Zahrat Al Waha for Trading Co's Interest Expense for the three months ended in Mar. 2024 was ﷼-4.6 Mil. Its Operating Income for the three months ended in Mar. 2024 was ﷼5.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ﷼27.0 Mil.

Zahrat Al Waha for Trading 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	*	5.799	/	-4.581
	=	1.27

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

Zahrat Al Waha for Trading Co (SAU:3007) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Zahrat Al Waha for Trading Co (SAU:3007) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Rabwa, Al Ihsa Street, P.O. Box 2980, Unit no 1, Building 7449, Riyadh, SAU, 12814

Website

http://www.zaoasis.com

Zahrat Al Waha for Trading Co is a producer of PET preform and HDPE closure (caps) products. The principal activities of the company include the manufacture of semi-finished products from plastics, the manufacture of cans and boxes from plastics, the manufacture of bottles of various forms from plastics, the manufacture of products from plastics using the Roto mold method. The company operates in two segments namely the plastic bottles preforms which includes manufacturing and selling of plastic preforms and the plastic caps which includes manufacturing and selling of plastic caps.

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