Saudi Company for Hardware (SAU:4008) Interest Expense : ﷼-27.1 Mil (TTM As of Dec. 2024)

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What is Saudi Company for Hardware Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Saudi Company for Hardware's interest expense for the three months ended in Dec. 2024 was ﷼ -5.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was ﷼-27.1 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. Saudi Company for Hardware's Operating Income for the three months ended in Dec. 2024 was ﷼ 27.3 Mil. Saudi Company for Hardware's Interest Expense for the three months ended in Dec. 2024 was ﷼ -5.5 Mil. Saudi Company for Hardware's Interest Coverage for the quarter that ended in Dec. 2024 was 5.00. 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.

Saudi Company for Hardware Interest Expense Historical Data

The historical data trend for Saudi Company for Hardware'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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Saudi Company for Hardware Interest Expense Chart

Saudi Company for Hardware Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-40.32

-35.67

-31.42

-24.86

-27.15

Saudi Company for Hardware Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-4.78	-6.98	-7.05	-7.67	-5.45

Saudi Company for Hardware 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 Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ﷼-27.1 Mil.

Saudi Company for Hardware (SAU:4008) 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.

Saudi Company for Hardware's Interest Expense for the three months ended in Dec. 2024 was ﷼-5.5 Mil. Its Operating Income for the three months ended in Dec. 2024 was ﷼27.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was ﷼261.8 Mil.

Saudi Company for Hardware's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	27.289	/	-5.454
	=	5.00

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Saudi Company for Hardwares earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Saudi Company for Hardware Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Saudi Company for Hardware (SAU:4008) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Prince Sultan Ibn Abdul Aziz Street, P.O.Box 86387, Riyadh, SAU, 11622

Website

https://www.saco.sa

Saudi Company for Hardware is principally engaged in the retailing and wholesaling of household and office supplies and appliances, construction tools and equipment, and electrical tools and hardware. Along with subsidiaries, the company operates in the following segments: Sales and Services, and Logistic Services. A majority of its revenue is generated from the Sales and Services segment, which includes the sale of goods made to retail and wholesale customers. The service department represents the services department's income from the delivery, installation, and maintenance of items sold. The Logistics segment provides a comprehensive logistics offering to its clients, including freight forwarding, transportation, and contract logistics. Geographically, the group operates in Saudi Arabia.

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