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Al Rajhi REIT Fund (SAU:4340) Interest Expense : ﷼-52.2 Mil (TTM As of Dec. 2023)


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What is Al Rajhi REIT Fund Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Al Rajhi REIT Fund's interest expense for the six months ended in Dec. 2023 was ﷼ -27.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ﷼-52.2 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. Al Rajhi REIT Fund's Operating Income for the six months ended in Dec. 2023 was ﷼ 73.0 Mil. Al Rajhi REIT Fund's Interest Expense for the six months ended in Dec. 2023 was ﷼ -27.1 Mil. Al Rajhi REIT Fund's Interest Coverage for the quarter that ended in Dec. 2023 was 2.69. 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.

Al Rajhi REIT Fund Interest Expense Historical Data

The historical data trend for Al Rajhi REIT Fund'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.

Al Rajhi REIT Fund Interest Expense Chart

Al Rajhi REIT Fund Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial -19.38 -26.53 -21.03 -32.69 -52.17

Al Rajhi REIT Fund Semi-Annual Data
Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -10.33 -12.84 -19.86 -25.02 -27.15

Al Rajhi REIT Fund 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was ﷼-52.2 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.

Al Rajhi REIT Fund  (SAU:4340) 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.

Al Rajhi REIT Fund's Interest Expense for the six months ended in Dec. 2023 was ﷼-27.1 Mil. Its Operating Income for the six months ended in Dec. 2023 was ﷼73.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was ﷼896.4 Mil.

Al Rajhi REIT Fund's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage=-1* Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*73.02/-27.148
=2.69

* 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.

Al Rajhi REIT Fund (SAU:4340) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Al Rajhi REIT Fund (SAU:4340) » Definitions » Interest Expense
Comparable Companies
SAU:4347 SAU:4344 SAU:4338 SAU:4348 SAU:4339 SAU:4336 SAU:4334 SAU:4335 SAU:4346 VICI ASX:MGR WPC FUNO11 ASX:SGP LSE:LAND SRC LSE:UTG ASX:GPT TSE:8984 ASX:CLW
Traded in Other Exchanges
N/A
Address
King Fahad Road, Unit No. 1, PO Box 5561, Al Muruj District, Riyadh, SAU, 11432
Website
https://www.alrajhi-capital.com
Al Rajhi REIT Fund is a close-ended real estate investment traded fund. The investment objective of the company is to invest in income-generating real estate assets. It is divided into four divisions namely Brokerage, Asset Management, Investment Banking, and Research. The Brokerage Division offers a comprehensive brokerage and execution service, The Asset management division manages global, regional, and local mutual funds. Investment Banking offers a complete range of strategic financial advisory services, including debt and equity structuring and arranging to assist clients in achieving their business and financial goals The research division focuses on delivering detailed investment analysis of regional and international equity, markets, and economies.

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