Alwasail Industrial Co (SAU:9525) Interest Expense : ﷼-0.9 Mil (TTM As of Jun. 2024)

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What is Alwasail Industrial Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Alwasail Industrial Co's interest expense for the six months ended in Jun. 2024 was ﷼ -0.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was ﷼-0.9 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. Alwasail Industrial Co's Operating Income for the six months ended in Jun. 2024 was ﷼ 18.4 Mil. Alwasail Industrial Co's Interest Expense for the six months ended in Jun. 2024 was ﷼ -0.2 Mil. Alwasail Industrial Co's Interest Coverage for the quarter that ended in Jun. 2024 was 88.06. 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.

Alwasail Industrial Co Interest Expense Historical Data

The historical data trend for Alwasail Industrial 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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Alwasail Industrial Co Interest Expense Chart

Alwasail Industrial Co Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

-0.17

-0.63

-1.25

Alwasail Industrial Co Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial			-	-0.63	-0.59	-0.67	-0.21

Alwasail Industrial 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was ﷼-0.9 Mil.

Alwasail Industrial Co (SAU:9525) 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.

Alwasail Industrial Co's Interest Expense for the six months ended in Jun. 2024 was ﷼-0.2 Mil. Its Operating Income for the six months ended in Jun. 2024 was ﷼18.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was ﷼15.1 Mil.

Alwasail Industrial Co's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	18.404	/	-0.209
	=	88.06

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

Alwasail Industrial Co Business Description

Industry

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Traded in Other Exchanges

N/A

Address

Ar Riyadh - Al Qassim, Al Madinah, SAU, 3806

Website

https://www.alwasail.com

Alwasail Industrial Co manufacturers of polyethylene pipes and fittings mainly for irrigation, telecom, drinking water, firefighting networks and gas and oil transport systems.

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