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Palestinian Co for Distribution & Logistic Services (XPAE:WASSEL) Interest Expense : $-0.04 Mil (TTM As of Sep. 2024)


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What is Palestinian Co for Distribution & Logistic Services Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Palestinian Co for Distribution & Logistic Services's interest expense for the three months ended in Sep. 2024 was $ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-0.04 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. Palestinian Co for Distribution & Logistic Services's Operating Income for the three months ended in Sep. 2024 was $ 0.33 Mil. Palestinian Co for Distribution & Logistic Services's Interest Expense for the three months ended in Sep. 2024 was $ -0.01 Mil. Palestinian Co for Distribution & Logistic Services's Interest Coverage for the quarter that ended in Sep. 2024 was 37.00. 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.


Palestinian Co for Distribution & Logistic Services Interest Expense Historical Data

The historical data trend for Palestinian Co for Distribution & Logistic Services'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.

Palestinian Co for Distribution & Logistic Services Interest Expense Chart

Palestinian Co for Distribution & Logistic Services Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.15 -0.11 -0.10 -0.05 -0.05

Palestinian Co for Distribution & Logistic Services 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.01 -0.01 -0.01 -0.01 -0.01

Palestinian Co for Distribution & Logistic Services 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 $-0.04 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.


Palestinian Co for Distribution & Logistic Services  (XPAE:WASSEL) 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.

Palestinian Co for Distribution & Logistic Services's Interest Expense for the three months ended in Sep. 2024 was $-0.01 Mil. Its Operating Income for the three months ended in Sep. 2024 was $0.33 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $0.52 Mil.

Palestinian Co for Distribution & Logistic Services's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*0.333/-0.009
=37.00

* 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.


Palestinian Co for Distribution & Logistic Services Business Description

Traded in Other Exchanges
N/A
Address
Edward Said Street, The Castle Building, 1st floor, P.O.Box 642, Ramallah, PSE
Palestinian Co for Distribution & Logistic Services is engaged in logistics and delivery solutions. It provides a one-stop-shop for logistics, including delivery cargo and distribution services.

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