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Saudi Azm for Communication and Information Technology Co (SAU:9534) Interest Expense : ﷼-2.1 Mil (TTM As of Dec. 2024)


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What is Saudi Azm for Communication and Information Technology Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Saudi Azm for Communication and Information Technology Co's interest expense for the six months ended in Dec. 2024 was ﷼ -1.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was ﷼-2.1 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 Azm for Communication and Information Technology Co's Operating Income for the six months ended in Dec. 2024 was ﷼ 15.9 Mil. Saudi Azm for Communication and Information Technology Co's Interest Expense for the six months ended in Dec. 2024 was ﷼ -1.5 Mil. Saudi Azm for Communication and Information Technology Co's Interest Coverage for the quarter that ended in Dec. 2024 was 10.32. 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 Azm for Communication and Information Technology Co Interest Expense Historical Data

The historical data trend for Saudi Azm for Communication and Information Technology 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 Azm for Communication and Information Technology Co Interest Expense Chart

Saudi Azm for Communication and Information Technology Co Annual Data
Trend Jun21 Jun22 Jun23 Jun24
Interest Expense
-0.82 -0.69 -1.17 -1.54

Saudi Azm for Communication and Information Technology Co Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Interest Expense Get a 7-Day Free Trial -0.56 -0.61 -1.03 -0.51 -1.55

Saudi Azm for Communication and Information Technology 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was ﷼-2.1 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 Azm for Communication and Information Technology Co  (SAU:9534) 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 Azm for Communication and Information Technology Co's Interest Expense for the six months ended in Dec. 2024 was ﷼-1.5 Mil. Its Operating Income for the six months ended in Dec. 2024 was ﷼15.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2024 was ﷼19.4 Mil.

Saudi Azm for Communication and Information Technology Co's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Dec. 2024 )/Interest Expense (Q: Dec. 2024 )
=-1*15.947/-1.545
=10.32

* 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.

Saudi Azm for Communication and Information Technology Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Saudi Azm for Communication and Information Technology Co (SAU:9534) » Definitions » Interest Expense
Comparable Companies
SAU:7201 SAU:9561 XTER:SAP CRM NOW INTU UBER ADBE TSX:SHOP ADP MSTR APP CDNS TSX:CSU WDAY TEAM ROP ADSK SNOW PAYX
Traded in Other Exchanges
N/A
Address
7999, King Khalid Road, 2280 West Umm Al Hammam District, Riyadh, SAU, 12329
Website
https://www.azm.sa
Saudi Azm for Communication and Information Technology Co aims at providing solutions to projects with qualitative impact in the fields of information technology and executive consulting. The company is principally engaged in the designing and programming special software, application development, providing management and control services of communication sale of wire and wireless equipment and devices, design User Experience and customer journey, repair and maintenance of personal and portable computers, providing senior management consulting services and information networks and research and development on technology.

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