Ashdod Refinery (XTAE:ARF) Interest Expense : ₪-189 Mil (TTM As of Mar. 2024)

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What is Ashdod Refinery Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ashdod Refinery's interest expense for the three months ended in Mar. 2024 was ₪ -48 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₪-189 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. Ashdod Refinery's Operating Income for the three months ended in Mar. 2024 was ₪ -48 Mil. Ashdod Refinery's Interest Expense for the three months ended in Mar. 2024 was ₪ -48 Mil. Ashdod Refinery did not have earnings to cover the interest expense. 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.

Ashdod Refinery Interest Expense Historical Data

The historical data trend for Ashdod Refinery'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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Ashdod Refinery Interest Expense Chart

Ashdod Refinery Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

-48.22

-51.93

-81.60

-185.45

Ashdod Refinery Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial						-44.51	-48.22	-48.22	-44.51	-48.22

Ashdod Refinery 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₪-189 Mil.

Ashdod Refinery (XTAE:ARF) 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.

Ashdod Refinery's Interest Expense for the three months ended in Mar. 2024 was ₪-48 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₪-48 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₪775 Mil.

Ashdod Refinery's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Ashdod Refinery did not have earnings to cover the interest expense.

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

Ashdod Refinery (XTAE:ARF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ashdod Refinery Ltd (XTAE:ARF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hanet 1, Ashdod, ISR, 7752169

Website

https://www.paz.co.il

Ashdod Refinery Ltd is a company involved in imports and refining of crude oil and intermediates for petroleum distillates intended for marketing in the local market and for export purposes.

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