GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Saudi Electricity Co (SAU:5110) » Definitions » Interest Expense

Saudi Electricity Co (SAU:5110) Interest Expense : ﷼-3,961 Mil (TTM As of Dec. 2023)


View and export this data going back to 2002. Start your Free Trial

What is Saudi Electricity Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Saudi Electricity Co's interest expense for the three months ended in Dec. 2023 was ﷼ 232 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ﷼-3,961 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 Electricity Co's Operating Income for the three months ended in Dec. 2023 was ﷼ -858 Mil. Saudi Electricity Co's Interest Expense for the three months ended in Dec. 2023 was ﷼ 232 Mil. Saudi Electricity Co did not have earnings to cover the interest expense. 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 Electricity Co Interest Expense Historical Data

The historical data trend for Saudi Electricity 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.

* Premium members only.

Saudi Electricity Co Interest Expense Chart

Saudi Electricity Co 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 -4,729.79 -4,763.89 -2,471.67 -2,741.90 -3,961.29

Saudi Electricity Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -738.46 -1,188.99 -1,697.10 -1,307.68 232.47

Saudi Electricity 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ﷼-3,961 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.

Saudi Electricity Co  (SAU:5110) 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.

Saudi Electricity Co's Interest Expense for the three months ended in Dec. 2023 was ﷼232 Mil. Its Operating Income for the three months ended in Dec. 2023 was ﷼-858 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ﷼85,292 Mil.

Saudi Electricity Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

* 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.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Saudi Electricity Co interest coverage is 3.39, which is low.

Saudi Electricity Co (SAU:5110) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Saudi Electricity Co (SAU:5110) » Definitions » Interest Expense
Comparable Companies
SAU:1150 SAU:1020 SAU:1060 SAU:1050 SAU:1010 SAU:1080 SAU:1030 NEE SO DUK LSE:NG. PCG AEP EXC D XEL ED PEG BOM:532555 WEC
Traded in Other Exchanges
N/A
Address
Crossing of Al-Olaya Street, Rihana Bint Zaid Street, P. O. Box 22955, Al-Arid district, Riyadh, SAU, 11416
Website
https://www.se.com.sa
Saudi Electricity Co is principally engaged in the generation, transmission, and distribution of electrical power and customer service activities. The company provides its services to governmental, industrial, agricultural, commercial, and residential sectors. Saudi Electricity operates through three segments namely Generation segment which is involved in the generation and provision of electric power; Transmission segment which is engaged in the transmission of electrical power from generation stations using transmission network, to the distribution network and operation and maintenance of electricity transmission system; and Distribution and Subscriber services segment which includes receipt of electric power from the transmission network and distribution to the company's customers.

Saudi Electricity Co (SAU:5110) Headlines

No Headlines