Gulf General Cooperative Insurance Co (SAU:8260) Interest Expense : ﷼-1.0 Mil (TTM As of Sep. 2024)

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What is Gulf General Cooperative Insurance Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Gulf General Cooperative Insurance Co's interest expense for the three months ended in Sep. 2024 was ﷼ -0.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ﷼-1.0 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. Gulf General Cooperative Insurance Co's Operating Income for the three months ended in Sep. 2024 was ﷼ 0.0 Mil. Gulf General Cooperative Insurance Co's Interest Expense for the three months ended in Sep. 2024 was ﷼ -0.6 Mil. Gulf General Cooperative Insurance 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.

Gulf General Cooperative Insurance Co Interest Expense Historical Data

The historical data trend for Gulf General Cooperative Insurance 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.

Gulf General Cooperative Insurance Co Interest Expense Chart

Gulf General Cooperative Insurance Co Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-0.18

-0.13

-0.32

Gulf General Cooperative Insurance Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-	-	-	-0.32	-0.65

Gulf General Cooperative Insurance 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ﷼-1.0 Mil.

Gulf General Cooperative Insurance Co (SAU:8260) 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.

Gulf General Cooperative Insurance Co's Interest Expense for the three months ended in Sep. 2024 was ﷼-0.6 Mil. Its EBIT for the three months ended in Sep. 2024 was ﷼0.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ﷼4.5 Mil.

Gulf General Cooperative Insurance Co's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

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

Gulf General Cooperative Insurance Co Business Description

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Address

Ameer Al Shoura'a Street, Off Medina Road, Al Gheithy Plaza, 2nd Floor, P.O. Box 1866, Jeddah, SAU, 21441

Website

https://www.ggi-sa.com

Gulf General Cooperative Insurance Co provides insurance and related services. Its principal lines of business include the provision of insurance services in the areas of Motor, Medical, Accident and Liability, Marine, Property and Engineering.

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