Palestine Investment Bank (XPAE:PIBC) Interest Expense : $-6.87 Mil (TTM As of Sep. 2024)

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What is Palestine Investment Bank Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Palestine Investment Bank's interest expense for the three months ended in Sep. 2024 was $ -1.79 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-6.87 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. Palestine Investment Bank's Operating Income for the three months ended in Sep. 2024 was $ Mil. Palestine Investment Bank's Interest Expense for the three months ended in Sep. 2024 was $ Mil. 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.

Palestine Investment Bank Interest Expense Historical Data

The historical data trend for Palestine Investment Bank'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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Palestine Investment Bank Interest Expense Chart

Palestine Investment Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-3.11

-4.13

-5.46

-4.92

-5.64

Palestine Investment Bank Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-1.44	-1.55	-1.71	-1.82	-1.79

Palestine Investment Bank 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-6.87 Mil.

Palestine Investment Bank Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Palestine Investment Bank (XPAE:PIBC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Irsal street, Al-Bireh, PSE

Website

http://www.pibbank.com

Palestine Investment Bank is engaged in banking and financial activities in Palestine. The services provided by bank includes Current Account, Savings Account, Term Deposit Account and Smart Deposit. The commercial services of the bank include Letters of Credit, Issuing Letters of Guarantee and Bills for Collection. The company's operating business segments are Retail banking, Corporate banking services, Treasury and others. The revenue of the company derives from retail banking.

Palestine Investment Bank Headlines

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