Aldar Properties PJSC (ADX:ALDAR) Interest Expense : د.إ-685 Mil (TTM As of Mar. 2024)

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What is Aldar Properties PJSC Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Aldar Properties PJSC's interest expense for the three months ended in Mar. 2024 was د.إ -205 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was د.إ-685 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. Aldar Properties PJSC's Operating Income for the three months ended in Mar. 2024 was د.إ 1,571 Mil. Aldar Properties PJSC's Interest Expense for the three months ended in Mar. 2024 was د.إ -205 Mil. Aldar Properties PJSC's Interest Coverage for the quarter that ended in Mar. 2024 was 7.68. 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.

Aldar Properties PJSC Interest Expense Historical Data

The historical data trend for Aldar Properties 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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Aldar Properties PJSC Interest Expense Chart

Aldar Properties PJSC Annual Data

Trend

Dec14

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Dec20

Dec21

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Dec23

Interest Expense

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-353.08

-299.23

-257.16

-384.36

-607.44

Aldar Properties 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															-127.20	-141.96	-160.73	-177.29	-204.54

Aldar Properties 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-685 Mil.

Aldar Properties PJSC (ADX:ALDAR) 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.

Aldar Properties PJSC's Interest Expense for the three months ended in Mar. 2024 was د.إ-205 Mil. Its Operating Income for the three months ended in Mar. 2024 was د.إ1,571 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was د.إ11,419 Mil.

Aldar Properties 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	*	1570.9	/	-204.538
	=	7.68

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

Aldar Properties PJSC (ADX:ALDAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Aldar Properties PJSC (ADX:ALDAR) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Al Raha Beach, P.O. Box 51133, Abu Dhabi, ARE

Website

https://www.aldar.com

Aldar Properties PJSC is a general real estate company. Its operating segment includes Property development and sales; Project management services; Investment properties; Hospitality and leisure; Education and Principal investments. The company generates maximum revenue from the Property development and sales segment.

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