Pan Gulf Marketing Co (SAU:9593) Interest Expense : ﷼ Mil (TTM As of Jun. 2024)

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What is Pan Gulf Marketing Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Pan Gulf Marketing Co's interest expense for the six months ended in Jun. 2024 was ﷼ -6.8 Mil. Pan Gulf Marketing Co does not have enough years/quarters to calculate its interest expense for the trailing twelve months (TTM) ended in Jun. 2024.

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. Pan Gulf Marketing Co's Operating Income for the six months ended in Jun. 2024 was ﷼ 9.7 Mil. Pan Gulf Marketing Co's Interest Expense for the six months ended in Jun. 2024 was ﷼ -6.8 Mil. Pan Gulf Marketing Co's Interest Coverage for the quarter that ended in Jun. 2024 was 1.43. 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.

Pan Gulf Marketing Co Interest Expense Historical Data

The historical data trend for Pan Gulf Marketing 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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Pan Gulf Marketing Co Interest Expense Chart

Pan Gulf Marketing Co Annual Data

Trend

Interest Expense

Pan Gulf Marketing Co Semi-Annual Data
	Jun23	Jun24
Interest Expense	-6.88	-6.80

Pan Gulf Marketing Co Interest Expense Calculation

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

Pan Gulf Marketing Co (SAU:9593) 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.

Pan Gulf Marketing Co's Interest Expense for the six months ended in Jun. 2024 was ﷼-6.8 Mil. Its Operating Income for the six months ended in Jun. 2024 was ﷼9.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was ﷼9.0 Mil.

Pan Gulf Marketing 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	*	9.693	/	-6.8
	=	1.43

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. Pan Gulf Marketing Co interest coverage is 1.43, which is low.

Pan Gulf Marketing Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Pan Gulf Marketing Co (SAU:9593) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al-Ahsa Street, Al-Malaz District, Riyadh, SAU, 14273

Website

https://www.pangulfmarketing.com

Pan Gulf Marketing Co is a company whose main activities are to import, manufacture, and wholesale and retail trade of office and school equipment, materials, supplies, and equipment. The company carry products from the world's top brands ranging from Writing Instruments, School Products, Office Tools, Art & Craft, DIY & Hydration products.

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