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Mohammed Hadi AL Rasheed & Partners Co (SAU:9601) Interest Expense : ﷼-0.1 Mil (TTM As of Jun. 2024)


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What is Mohammed Hadi AL Rasheed & Partners Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mohammed Hadi AL Rasheed & Partners Co's interest expense for the six months ended in Jun. 2024 was ﷼ -0.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was ﷼-0.1 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. Mohammed Hadi AL Rasheed & Partners Co's Operating Income for the six months ended in Jun. 2024 was ﷼ 38.1 Mil. Mohammed Hadi AL Rasheed & Partners Co's Interest Expense for the six months ended in Jun. 2024 was ﷼ -0.5 Mil. Mohammed Hadi AL Rasheed & Partners Co's Interest Coverage for the quarter that ended in Jun. 2024 was 79.84. 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.

Mohammed Hadi AL Rasheed & Partners Co Interest Expense Historical Data

The historical data trend for Mohammed Hadi AL Rasheed & Partners 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.

Mohammed Hadi AL Rasheed & Partners Co Interest Expense Chart

Mohammed Hadi AL Rasheed & Partners Co Annual Data
Trend Dec22 Dec23
Interest Expense
-0.64 -0.53

Mohammed Hadi AL Rasheed & Partners Co Semi-Annual Data
Dec22 Jun23 Dec23 Jun24
Interest Expense - -0.87 0.34 -0.48

Mohammed Hadi AL Rasheed & Partners 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 ﷼-0.1 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.

Mohammed Hadi AL Rasheed & Partners Co  (SAU:9601) 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.

Mohammed Hadi AL Rasheed & Partners Co's Interest Expense for the six months ended in Jun. 2024 was ﷼-0.5 Mil. Its Operating Income for the six months ended in Jun. 2024 was ﷼38.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was ﷼27.6 Mil.

Mohammed Hadi AL Rasheed & Partners 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*38.082/-0.477
=79.84

* 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.

Mohammed Hadi AL Rasheed & Partners Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mohammed Hadi AL Rasheed & Partners Co (SAU:9601) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
Dammam Road, Building No. 2865, Granada District, Riyadh, SAU, 8137-13242
Website
https://www.alrasheedco.com.sa
Mohammed Hadi AL Rasheed & Partners Co is a company whose main activities are operating quarries, rewinding the magnetic core of generators, motors, and electrical transformers, general construction for residential buildings, general construction for non-residential buildings such as schools, hospitals, hotels, etc, also includes the construction of roads, streets, sidewalks, and road supplies, extending pipes of various types for electricity, communications, and others.

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