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Lazurde Company for Jewelry (SAU:4011) Interest Expense : ﷼-10 Mil (TTM As of Sep. 2024)


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What is Lazurde Company for Jewelry Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lazurde Company for Jewelry's interest expense for the three months ended in Sep. 2024 was ﷼ -10 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ﷼-10 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. Lazurde Company for Jewelry's Operating Income for the three months ended in Sep. 2024 was ﷼ 11 Mil. Lazurde Company for Jewelry's Interest Expense for the three months ended in Sep. 2024 was ﷼ -10 Mil. Lazurde Company for Jewelry's Interest Coverage for the quarter that ended in Sep. 2024 was 1.13. 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.


Lazurde Company for Jewelry Interest Expense Historical Data

The historical data trend for Lazurde Company for Jewelry'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.

Lazurde Company for Jewelry Interest Expense Chart

Lazurde Company for Jewelry 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 -5.79 -4.21 -3.82 -4.76 -5.00

Lazurde Company for Jewelry 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 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 -6.86 17.61 -8.49 -9.88 -9.71

Lazurde Company for Jewelry 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 ﷼-10 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.


Lazurde Company for Jewelry  (SAU:4011) 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.

Lazurde Company for Jewelry's Interest Expense for the three months ended in Sep. 2024 was ﷼-10 Mil. Its Operating Income for the three months ended in Sep. 2024 was ﷼11 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ﷼23 Mil.

Lazurde Company for Jewelry'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*11.003/-9.713
=1.13

* 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.


Lazurde Company for Jewelry Business Description

Traded in Other Exchanges
N/A
Address
Al Masaref Street 198, L‘azurde Jewelry, P.O. Box 41270, Banks District, Riyadh, SAU, 11521
Lazurde Company for Jewelry is a jewelry manufacturing company. It is engaged in the production, manufacturing, forming, and forging of golden wares, jewelry, precious stones, and golden alloys. The group has a business presence in the Kingdom of Saudi Arabia, Egypt, Qatar, Oman and the UAE. Its offers gold, diamond and silver products in the form of Necklaces, Bracelets, Rings, and Earrings, among others. It is organised into Wholesale and Retail business segments, of which key revenue is derived from the Wholesale segment.

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