Horizon Foods Co (SAU:9564) Interest Expense : ﷼-0.04 Mil (TTM As of Jun. 2024)

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What is Horizon Foods Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Horizon Foods Co's interest expense for the six months ended in Jun. 2024 was ﷼ -0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was ﷼-0.04 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. Horizon Foods Co's Operating Income for the six months ended in Jun. 2024 was ﷼ 4.50 Mil. Horizon Foods Co's Interest Expense for the six months ended in Jun. 2024 was ﷼ -0.00 Mil. Horizon Foods Co's Interest Coverage for the quarter that ended in Jun. 2024 was 1,499.33. 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.

Horizon Foods Co Interest Expense Historical Data

The historical data trend for Horizon Foods 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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Horizon Foods Co Interest Expense Chart

Horizon Foods Co Annual Data

Trend

Dec22

Dec23

Interest Expense

-0.02

-0.04

Horizon Foods Co Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	-0.01	-0.01	-	-0.03	-

Horizon Foods 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 ﷼-0.04 Mil.

Horizon Foods Co (SAU:9564) 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.

Horizon Foods Co's Interest Expense for the six months ended in Jun. 2024 was ﷼-0.00 Mil. Its Operating Income for the six months ended in Jun. 2024 was ﷼4.50 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was ﷼0.54 Mil.

Horizon Foods 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	*	4.498	/	-0.003
	=	1,499.33

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

Horizon Foods Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Horizon Foods Co (SAU:9564) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Third Industrial Area Zone G, P.O. Box 2383, Dammam, SAU, 34857

Website

https://www.horizonfood.sa

Horizon Foods Co engages in the production, manufacturing, processing, cutting, packaging, and shaping of meat and poultry, and its main activity is in the manufacture of shawarma molds. Its product offerings comprise meat shawarma, Doner Kabab, and Chicken Shawarma.

Horizon Foods Co Headlines

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