Quara Finance Co (SAU:9596) Interest Expense : ﷼-6.5 Mil (TTM As of Dec. 2024)

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What is Quara Finance Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Quara Finance Co's interest expense for the three months ended in Dec. 2024 was ﷼ -6.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was ﷼-6.5 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. Quara Finance Co's Operating Income for the three months ended in Dec. 2024 was ﷼ 18.8 Mil. Quara Finance Co's Interest Expense for the three months ended in Dec. 2024 was ﷼ -6.5 Mil. Quara Finance Co's Interest Coverage for the quarter that ended in Dec. 2024 was 2.89. 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.

Quara Finance Co Interest Expense Historical Data

The historical data trend for Quara Finance 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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Quara Finance Co Interest Expense Chart

Quara Finance Co Annual Data

Trend

Dec23

Dec24

Interest Expense

-7.45

-5.36

Quara Finance Co Quarterly Data
	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial			-10.56	-	-	-	-6.52

Quara Finance 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 Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ﷼-6.5 Mil.

Quara Finance Co (SAU:9596) 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.

Quara Finance Co's Interest Expense for the three months ended in Dec. 2024 was ﷼-6.5 Mil. Its Operating Income for the three months ended in Dec. 2024 was ﷼18.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was ﷼251.9 Mil.

Quara Finance Co's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	18.838	/	-6.519
	=	2.89

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

Quara Finance Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Quara Finance Co (SAU:9596) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

8246, King Abdulaziz Road, Unit Number 15, Al – Wizarat District, Riyadh, SAU, 12622-3797

Website

https://www.quarafinance.com

Quara Finance Co is a company engaged in providing finance lease, consumer finance, and small and medium enterprise finance in the Kingdom of Saudi Arabia. The company's operations are in the Kingdom of Saudi Arabia and it provides financing to Saudi and resident individuals from government and private sectors and to SMEs. Its reportable segments are; Retail (Personal financing) segment which includes personal financing provided to retail clients; and the SME financing segment includes financing provided to small and medium enterprises. It generates a majority of its income from the Retail segment.

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