Professional Medical Expertise Co (SAU:9574) Interest Expense : ﷼ Mil (TTM As of Dec. 2023)

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What is Professional Medical Expertise Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Professional Medical Expertise Co's interest expense for the six months ended in Dec. 2023 was ﷼ -6.9 Mil. Professional Medical Expertise Co does not have enough years/quarters to calculate its interest expense for the trailing twelve months (TTM) ended in Dec. 2023.

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. Professional Medical Expertise Co's Operating Income for the six months ended in Dec. 2023 was ﷼ 33.3 Mil. Professional Medical Expertise Co's Interest Expense for the six months ended in Dec. 2023 was ﷼ -6.9 Mil. Professional Medical Expertise Co's Interest Coverage for the quarter that ended in Dec. 2023 was 4.81. 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.

Professional Medical Expertise Co Interest Expense Historical Data

The historical data trend for Professional Medical Expertise 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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Professional Medical Expertise Co Interest Expense Chart

Professional Medical Expertise Co Annual Data

Trend

Dec22

Dec23

Interest Expense

-4.74

-6.93

Professional Medical Expertise Co Semi-Annual Data
	Dec22	Dec23
Interest Expense	-4.74	-6.93

Professional Medical Expertise Co Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Professional Medical Expertise Co (SAU:9574) 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.

Professional Medical Expertise Co's Interest Expense for the six months ended in Dec. 2023 was ﷼-6.9 Mil. Its Operating Income for the six months ended in Dec. 2023 was ﷼33.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was ﷼2.6 Mil.

Professional Medical Expertise Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	33.344	/	-6.926
	=	4.81

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Professional Medical Expertise Co interest coverage is 4.81, which is low.

Professional Medical Expertise Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Professional Medical Expertise Co (SAU:9574) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Prince Saud Al-Faisal Street, Office No. 503, 5th Floor, Rawdah Bussiness Center, Rawdah District, Jeddah, SAU, 23434

Website

https://www.promedex.com

Professional Medical Expertise Co is a medical devices distributor in the Saudi market, representing selected top-notch quality suppliers of inventive state of the art medical technologies. The Company's current activities comprise the import and export of medical implants, devices and high-tech consumables and their sale to private and public hospitals and medical centers throughout the Kingdom. It activities consist of the following: Agents involved in the sale of medicines, Drug warehouse activities, Retail sale of medical equipment, tools and supplies, Medical Devices warehouse activities and Legal representation of medical products and devices' manufacturers.

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