Sure Global Tech Co (SAU:9550) Interest Expense : ﷼-0.1 Mil (TTM As of Jun. 2024)

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What is Sure Global Tech Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sure Global Tech Co's interest expense for the six months ended in Jun. 2024 was ﷼ -0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was ﷼-0.1 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. Sure Global Tech Co's Operating Income for the six months ended in Jun. 2024 was ﷼ 19.2 Mil. Sure Global Tech Co's Interest Expense for the six months ended in Jun. 2024 was ﷼ -0.0 Mil. Sure Global Tech Co's Interest Coverage for the quarter that ended in Jun. 2024 was 417.02. 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.

Sure Global Tech Co Interest Expense Historical Data

The historical data trend for Sure Global Tech 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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Sure Global Tech Co Interest Expense Chart

Sure Global Tech Co Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

-0.06

-0.05

Sure Global Tech Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial			-0.02	-0.04	-0.02	-0.03	-0.05

Sure Global Tech 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 ﷼-0.1 Mil.

Sure Global Tech Co (SAU:9550) 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.

Sure Global Tech Co's Interest Expense for the six months ended in Jun. 2024 was ﷼-0.0 Mil. Its Operating Income for the six months ended in Jun. 2024 was ﷼19.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was ﷼0.2 Mil.

Sure Global Tech 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	*	19.183	/	-0.046
	=	417.02

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Sure Global Tech Co has enough cash to cover all of its debt. Its financial situation is stable.

Sure Global Tech Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sure Global Tech Co (SAU:9550) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Imam Saud bin Abdulaziz bin Mohammed Road, P.O. Box 301334, Riyadh, SAU, 12281

Website

https://www.sure.com.sa

Sure Global Tech Co provides technological and consultative solutions for public and private organizations. It provides services of software development, infrastructure, support, and operation along with digital transformation consultations and other SME-oriented products. The group's operational segments include Infrastructure, Managed services, Professional services, and products. The majority of its revenue derives from infrastructure services that include the sale of licenses and devices.

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