Arabian Contracting Services Co (SAU:4071) Interest Expense : ﷼-155 Mil (TTM As of Mar. 2024)

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What is Arabian Contracting Services Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Arabian Contracting Services Co's interest expense for the three months ended in Mar. 2024 was ﷼ -60 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ﷼-155 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. Arabian Contracting Services Co's Operating Income for the three months ended in Mar. 2024 was ﷼ 159 Mil. Arabian Contracting Services Co's Interest Expense for the three months ended in Mar. 2024 was ﷼ -60 Mil. Arabian Contracting Services Co's Interest Coverage for the quarter that ended in Mar. 2024 was 2.63. 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.

Arabian Contracting Services Co Interest Expense Historical Data

The historical data trend for Arabian Contracting 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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Arabian Contracting Services Co Interest Expense Chart

Arabian Contracting Services Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

-21.25

-32.52

-55.21

-114.37

Arabian Contracting Services Co Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial									-20.18	-22.13	-22.77	-49.29	-60.44

Arabian Contracting 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 ﷼-155 Mil.

Arabian Contracting Services Co (SAU:4071) 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.

Arabian Contracting Services Co's Interest Expense for the three months ended in Mar. 2024 was ﷼-60 Mil. Its Operating Income for the three months ended in Mar. 2024 was ﷼159 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ﷼2,174 Mil.

Arabian Contracting 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	*	158.958	/	-60.441
	=	2.63

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. Arabian Contracting Services Co interest coverage is 3.23, which is low.

Arabian Contracting Services Co (SAU:4071) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Arabian Contracting Services Co (SAU:4071) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Olaya Towers, Tower B, Floor 33, P.O.Box 55905, Riyadh, SAU, 11544

Website

https://www.al-arabia.com

Arabian Contracting Services Co in setting up and operating outdoor advertising billboards, including roadside advertising and indoor advertising. In roadside advertising, the company participates in the tenders organized by various secretariat, municipalities, and government agencies in all provinces and cities of Saudi Arabia to lease and invest in the many sites belonging to these agencies and secretariat by installing billboards in them and selling these billboards advertising spaces to their clients.

Arabian Contracting Services Co (SAU:4071) Headlines

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