Alon Gas Energy Development (XTAE:ALGS) Interest Expense : ₪1.3 Mil (TTM As of Sep. 2022)

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What is Alon Gas Energy Development Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Alon Gas Energy Development's interest expense for the three months ended in Sep. 2022 was ₪ -7.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2022 was ₪1.3 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. Alon Gas Energy Development's Operating Income for the three months ended in Sep. 2022 was ₪ 22.2 Mil. Alon Gas Energy Development's Interest Expense for the three months ended in Sep. 2022 was ₪ -7.9 Mil. Alon Gas Energy Development's Interest Coverage for the quarter that ended in Sep. 2022 was 2.82. 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.

Alon Gas Energy Development Interest Expense Historical Data

The historical data trend for Alon Gas Energy Development'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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Alon Gas Energy Development Interest Expense Chart

Alon Gas Energy Development Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Interest Expense

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-1.92

-1.54

-8.16

-4.56

-1.68

Alon Gas Energy Development Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Interest Expense	Get a 7-Day Free Trial															-6.46	20.32	-9.44	-1.66	-7.89

Alon Gas Energy Development 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was ₪1.3 Mil.

Alon Gas Energy Development (XTAE:ALGS) 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.

Alon Gas Energy Development's Interest Expense for the three months ended in Sep. 2022 was ₪-7.9 Mil. Its Operating Income for the three months ended in Sep. 2022 was ₪22.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2022 was ₪216.4 Mil.

Alon Gas Energy Development's Interest Coverage for the quarter that ended in Sep. 2022 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2022 )	/	Interest Expense (Q: Sep. 2022 )
	=	-1	*	22.242	/	-7.887
	=	2.82

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

Alon Gas Energy Development Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Alon Gas Energy Development Ltd (XTAE:ALGS) » Definitions » Interest Expense

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Address

Europark Yakum, Building France, Yakum, ISR, 60972

Website

http://www.alon.co.il

Alon Gas Energy Development Ltd formerly Alon Natural Gas Exploration Ltd is engaged in investment activities in the field of search, exploration of natural gas. It holds more than three percent of the Tamar gas field.