Edarat Communication And Information Technology Co (SAU:9557) Interest Expense : ﷼-0.39 Mil (TTM As of Jun. 2024)

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What is Edarat Communication And Information Technology Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Edarat Communication And Information Technology Co's interest expense for the six months ended in Jun. 2024 was ﷼ -0.09 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was ﷼-0.39 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. Edarat Communication And Information Technology Co's Operating Income for the six months ended in Jun. 2024 was ﷼ 12.53 Mil. Edarat Communication And Information Technology Co's Interest Expense for the six months ended in Jun. 2024 was ﷼ -0.09 Mil. Edarat Communication And Information Technology Co's Interest Coverage for the quarter that ended in Jun. 2024 was 136.21. 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.

Edarat Communication And Information Technology Co Interest Expense Historical Data

The historical data trend for Edarat 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.

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Edarat Communication And Information Technology Co Interest Expense Chart

Edarat Communication And Information Technology Co Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

-0.19

-0.28

-0.38

Edarat Communication And Information Technology Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial			-	-	-0.08	-0.30	-0.09

Edarat 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was ﷼-0.39 Mil.

Edarat Communication And Information Technology Co (SAU:9557) 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.

Edarat Communication And Information Technology Co's Interest Expense for the six months ended in Jun. 2024 was ﷼-0.09 Mil. Its Operating Income for the six months ended in Jun. 2024 was ﷼12.53 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was ﷼1.05 Mil.

Edarat Communication And Information Technology 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	*	12.531	/	-0.092
	=	136.21

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. Edarat Communication And Information Technology Co has enough cash to cover all of its debt. Its financial situation is stable.

Edarat Communication And Information Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Edarat Communication And Information Technology Co (SAU:9557) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Prince Nasir Bin Saud Bin Farhan Al Saud Street, Al Yasmeen District, Riyadh, SAU, 13322

Website

https://www.edaratgroup.com

Edarat Communication And Information Technology Co is a Cloud Service Provider, and a Data Center Consulting Company. It is a technology services company delivering critical facilities engineering, technology consulting, and cloud-managed services that help its clients build, modernize and transform their IT infrastructure to support their business strategies. Its services include advisory, data center engineering, smart cities & smart building technology (IoT), workload migration, and cloud services.

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