TECOM Group PJSC (DFM:TECOM) Interest Expense : د.إ-317 Mil (TTM As of Mar. 2024)

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What is TECOM Group PJSC Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. TECOM Group PJSC's interest expense for the three months ended in Mar. 2024 was د.إ -50 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was د.إ-317 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. TECOM Group PJSC's Operating Income for the three months ended in Mar. 2024 was د.إ 335 Mil. TECOM Group PJSC's Interest Expense for the three months ended in Mar. 2024 was د.إ -50 Mil. TECOM Group PJSC's Interest Coverage for the quarter that ended in Mar. 2024 was 6.74. 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.

TECOM Group PJSC Interest Expense Historical Data

The historical data trend for TECOM Group PJSC'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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TECOM Group PJSC Interest Expense Chart

TECOM Group PJSC Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-283.49

-273.29

-248.06

-242.46

-325.82

TECOM Group PJSC Quarterly Data
	Dec19	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial									-58.02	-111.50	-45.19	-111.11	-49.62

TECOM Group PJSC 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 د.إ-317 Mil.

TECOM Group PJSC (DFM:TECOM) 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.

TECOM Group PJSC's Interest Expense for the three months ended in Mar. 2024 was د.إ-50 Mil. Its Operating Income for the three months ended in Mar. 2024 was د.إ335 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was د.إ4,355 Mil.

TECOM Group PJSC's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	334.607	/	-49.624
	=	6.74

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

TECOM Group PJSC (DFM:TECOM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » TECOM Group PJSC (DFM:TECOM) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Commercial Building No. 1, Dubai Studio City , P.O. Box 66000, Dubai, ARE

Website

https://www.tecomgroup.ae

TECOM Group PJSC is a central player in Dubai's business hub proposition and is strongly positioned to benefit from the commercial real estate market and the sustained growth of its broader economy. It offers a range of properties and services to customers. The company divides its operations into four financial segments namely commercial leasing, industrial leasing, land leasing and services, and others.

TECOM Group PJSC (DFM:TECOM) Headlines

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