Saudi Telecom Co (SAU:7010) Interest Expense : ﷼-1,271 Mil (TTM As of Dec. 2023)

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What is Saudi Telecom Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Saudi Telecom Co's interest expense for the three months ended in Dec. 2023 was ﷼ -480 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ﷼-1,271 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 Telecom Co's Operating Income for the three months ended in Dec. 2023 was ﷼ 3,357 Mil. Saudi Telecom Co's Interest Expense for the three months ended in Dec. 2023 was ﷼ -480 Mil. Saudi Telecom Co's Interest Coverage for the quarter that ended in Dec. 2023 was 6.99. 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 Telecom Co Interest Expense Historical Data

The historical data trend for Saudi Telecom 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 Telecom Co Interest Expense Chart

Saudi Telecom Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-765.15

-623.93

-618.96

-696.60

-1,270.74

Saudi Telecom 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															-185.89	-238.35	-247.67	-304.49	-480.24

Saudi Telecom 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 ﷼-1,271 Mil.

Saudi Telecom Co (SAU:7010) 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 Telecom Co's Interest Expense for the three months ended in Dec. 2023 was ﷼-480 Mil. Its Operating Income for the three months ended in Dec. 2023 was ﷼3,357 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ﷼16,893 Mil.

Saudi Telecom Co'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	*	3357.27	/	-480.235
	=	6.99

The higher the ratio, the stronger the company's financial strength is.

Saudi Telecom Co (SAU:7010) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Saudi Telecom Co (SAU:7010) » Definitions » Interest Expense

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Traded in Other Exchanges

N/A

Address

P.O.Box 87912, Riyadh, SAU, 11652

Website

https://www.stc.com.sa

Saudi Telecom Co offers telecommunications, information and media services that establish, manage, operates and maintains fixed and mobile telecommunication networks and systems to customers. The company manufactures and markets devices, equipment, and components of different telecommunication networks including fixed, moving and special networks, and computer programs and the other intellectual properties. It is also engaged in real estate investment and the resulting activities, such as selling, buying, leasing, managing, developing and maintenance. The majority of the revenue is generated from Saudi Arabia.

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