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National Environmental Recycling Co (SAU:9540) Interest Expense : ﷼-4.1 Mil (TTM As of Jun. 2024)


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What is National Environmental Recycling Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. National Environmental Recycling Co's interest expense for the six months ended in Jun. 2024 was ﷼ -3.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was ﷼-4.1 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. National Environmental Recycling Co's Operating Income for the six months ended in Jun. 2024 was ﷼ 14.0 Mil. National Environmental Recycling Co's Interest Expense for the six months ended in Jun. 2024 was ﷼ -3.0 Mil. National Environmental Recycling Co's Interest Coverage for the quarter that ended in Jun. 2024 was 4.62. 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.

National Environmental Recycling Co Interest Expense Historical Data

The historical data trend for National Environmental Recycling 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.

National Environmental Recycling Co Interest Expense Chart

National Environmental Recycling Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Interest Expense
- -0.20 -0.88 -3.03

National Environmental Recycling Co Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Interest Expense Get a 7-Day Free Trial -0.13 -0.75 -1.97 -1.06 -3.03

National Environmental Recycling 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 ﷼-4.1 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.

National Environmental Recycling Co  (SAU:9540) 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.

National Environmental Recycling Co's Interest Expense for the six months ended in Jun. 2024 was ﷼-3.0 Mil. Its Operating Income for the six months ended in Jun. 2024 was ﷼14.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was ﷼14.4 Mil.

National Environmental Recycling 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*13.981/-3.026
=4.62

* 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.

National Environmental Recycling Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » National Environmental Recycling Co (SAU:9540) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
7330, Wadi Waj Road, P.O. Box 3431, Al Malqa District, Riyadh, SAU, 3431-13524
Website
http://www.tadweeer.com
National Environmental Recycling Co provides environmental and safe solutions for the recycling of electronic and electrical equipment, which is in the Middle East and North Africa. Its operational areas comprise Ferrous recycling operations, Non-Ferrous recycling operations, Plastics recycling operations, and ITAD operations. Its recycling categories consist of Consumer and lighting equipment, Home appliances and electrical devices, Computers and their peripherals, televisions, monitors, radios and telephones, Medical equipment, and Surveillance and control equipment, among others.

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