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Atlas Elevators General Trading and Contracting Co (SAU:9578) Interest Expense : ﷼-0.23 Mil (TTM As of Jun. 2024)


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What is Atlas Elevators General Trading and Contracting Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Atlas Elevators General Trading and Contracting Co's interest expense for the six months ended in Jun. 2024 was ﷼ -0.10 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was ﷼-0.23 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. Atlas Elevators General Trading and Contracting Co's Operating Income for the six months ended in Jun. 2024 was ﷼ 2.93 Mil. Atlas Elevators General Trading and Contracting Co's Interest Expense for the six months ended in Jun. 2024 was ﷼ -0.10 Mil. Atlas Elevators General Trading and Contracting Co's Interest Coverage for the quarter that ended in Jun. 2024 was 29.58. 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.

Atlas Elevators General Trading and Contracting Co Interest Expense Historical Data

The historical data trend for Atlas Elevators General Trading and Contracting 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.

Atlas Elevators General Trading and Contracting Co Interest Expense Chart

Atlas Elevators General Trading and Contracting Co Annual Data
Trend Dec22 Dec23
Interest Expense
-0.27 -0.33

Atlas Elevators General Trading and Contracting Co Semi-Annual Data
Dec22 Jun23 Dec23 Jun24
Interest Expense - -0.20 -0.13 -0.10

Atlas Elevators General Trading and Contracting 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 ﷼-0.23 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.

Atlas Elevators General Trading and Contracting Co  (SAU:9578) 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.

Atlas Elevators General Trading and Contracting Co's Interest Expense for the six months ended in Jun. 2024 was ﷼-0.10 Mil. Its Operating Income for the six months ended in Jun. 2024 was ﷼2.93 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was ﷼2.19 Mil.

Atlas Elevators General Trading and Contracting 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*2.928/-0.099
=29.58

* 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.

Atlas Elevators General Trading and Contracting Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Atlas Elevators General Trading and Contracting Co (SAU:9578) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
Area 223 Block1, Building 96, Beside fire station, Kuwait, SAU
Website
https://www.atlaslifts-sa.net
Atlas Elevators General Trading and Contracting Co is a company specializing in the supply, sale, installation and maintenance of the highest-quality elevators, hydraulic lifts and escalators, all conforming to European standards. It has has four Kuwaiti branches in Hawalli, Ardiya, Al Rai and Al Jahra also operate's in Saudi Arabia, Qatar, Bahrain and Oman.

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