Abu Dhabi National Insurance Co PJSC (ADX:ADNIC) Interest Expense : د.إ-174 Mil (TTM As of Mar. 2024)

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What is Abu Dhabi National Insurance Co PJSC Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Abu Dhabi National Insurance Co PJSC's interest expense for the three months ended in Mar. 2024 was د.إ -48 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was د.إ-174 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. Abu Dhabi National Insurance Co PJSC's Operating Income for the three months ended in Mar. 2024 was د.إ 0 Mil. Abu Dhabi National Insurance Co PJSC's Interest Expense for the three months ended in Mar. 2024 was د.إ -48 Mil. Abu Dhabi National Insurance Co PJSC 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.

Abu Dhabi National Insurance Co PJSC Interest Expense Historical Data

The historical data trend for Abu Dhabi National Insurance Co 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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Abu Dhabi National Insurance Co PJSC Interest Expense Chart

Abu Dhabi National Insurance Co PJSC Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-127.84

-120.64

-143.73

-147.87

-162.73

Abu Dhabi National Insurance Co PJSC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-7.83	-48.12	-35.70	-42.11	-47.59

Abu Dhabi National Insurance Co 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-174 Mil.

Abu Dhabi National Insurance Co PJSC (ADX:ADNIC) 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.

Abu Dhabi National Insurance Co PJSC's Interest Expense for the three months ended in Mar. 2024 was د.إ-48 Mil. Its EBIT for the three months ended in Mar. 2024 was د.إ0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was د.إ0 Mil.

Abu Dhabi National Insurance Co PJSC's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

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

Abu Dhabi National Insurance Co PJSC (ADX:ADNIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Abu Dhabi National Insurance Co PJSC (ADX:ADNIC) » Definitions » Interest Expense

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Address

Khalifa Street, P.O. Box 839, ADNIC Building No. 403, Abu Dhabi, ARE

Website

https://www.adnic.ae

Abu Dhabi National Insurance Co PJSC is an insurance company providing insurance services to individuals and corporates. It provides life and non-life insurance and a range of customizable and scalable insurance products and services. The company operates its business in two segments: The Underwriting of commercial lines of business incorporates all classes of general insurance including marine cargo, marine hull, aviation, energy, property, and engineering; and The Underwriting of a consumer line of business incorporates all classes of insurance including accident, motor, life, and medical. The company generates the maximum of its premiums from the commercial segment.

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