Saudi Automotive Services Co. (SAU:4050) Interest Expense : ﷼-160 Mil (TTM As of Mar. 2024)

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What is Saudi Automotive Services Co. Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Saudi Automotive Services Co.'s interest expense for the three months ended in Mar. 2024 was ﷼ -43 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ﷼-160 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 Automotive Services Co.'s Operating Income for the three months ended in Mar. 2024 was ﷼ 48 Mil. Saudi Automotive Services Co.'s Interest Expense for the three months ended in Mar. 2024 was ﷼ -43 Mil. Saudi Automotive Services Co.'s Interest Coverage for the quarter that ended in Mar. 2024 was 1.11. 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 Automotive Services Co. Interest Expense Historical Data

The historical data trend for Saudi Automotive Services 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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Saudi Automotive Services Co. Interest Expense Chart

Saudi Automotive Services Co. Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-36.40

-46.20

-57.23

-114.97

-158.93

Saudi Automotive Services 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															-41.56	-39.07	-37.18	-41.11	-42.84

Saudi Automotive Services 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 ﷼-160 Mil.

Saudi Automotive Services Co. (SAU:4050) 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 Automotive Services Co.'s Interest Expense for the three months ended in Mar. 2024 was ﷼-43 Mil. Its Operating Income for the three months ended in Mar. 2024 was ﷼48 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ﷼3,501 Mil.

Saudi Automotive Services 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	*	47.553	/	-42.839
	=	1.11

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 Automotive Services Co. interest coverage is 1.07, which is low.

Saudi Automotive Services Co. (SAU:4050) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Saudi Automotive Services Co. (SAU:4050) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Makkah Al Mukarramah Road (Khurais), Building No. 4870, King Abdulaziz district, Riyadh, SAU, 12411

Website

https://www.sasco.com.sa

Saudi Automotive Services Co. is a company engaged in providing services to vehicles and travelers by establishing central workshops to provide the highest level of maintenance and repair and establishing a network of vehicle service stations, as well as providing rest houses and restaurants, importing and selling foodstuffs, drinks, beverages and raw materials required therefor, importing vehicles and spare parts of all kinds for the Group's business and trading in them after obtaining the necessary licenses, carrying out all types of contracting for establishment, management, maintenance and operation of residential and commercial buildings. The company operates in following segments: Retail and operation, Saudi Club, Transportation Fleet and others.

Saudi Automotive Services Co. (SAU:4050) Headlines

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