Arabian Cement Co (CAI:ARCC) Interest Expense : E£-76 Mil (TTM As of Mar. 2024)

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What is Arabian Cement Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Arabian Cement Co's interest expense for the three months ended in Mar. 2024 was E£ -25 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was E£-76 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. Arabian Cement Co's Operating Income for the three months ended in Mar. 2024 was E£ 459 Mil. Arabian Cement Co's Interest Expense for the three months ended in Mar. 2024 was E£ -25 Mil. Arabian Cement Co's Interest Coverage for the quarter that ended in Mar. 2024 was 18.60. 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.

Arabian Cement Co Interest Expense Historical Data

The historical data trend for Arabian Cement Co'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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Arabian Cement Co Interest Expense Chart

Arabian Cement Co Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-130.63

-81.11

-69.92

-57.49

-76.05

Arabian Cement Co 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															-24.87	-29.39	-17.69	-4.09	-24.68

Arabian Cement Co 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 E£-76 Mil.

Arabian Cement Co (CAI:ARCC) 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.

Arabian Cement Co's Interest Expense for the three months ended in Mar. 2024 was E£-25 Mil. Its Operating Income for the three months ended in Mar. 2024 was E£459 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was E£1 Mil.

Arabian Cement Co'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	*	458.902	/	-24.675
	=	18.60

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

Arabian Cement Co (CAI:ARCC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Arabian Cement Co (CAI:ARCC) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Gamal Abdel Naser Square (Gharb Arabella), Fifth Settlement Arabella Plaza, 5th Floor, Office Building (A), New Cairo, EGY, 11835

Website

http://www.arabiancement.com

Arabian Cement Co is engaged in the business of manufacturing and selling clinker, cement, and other related products and usage of mines and extraction of all mining materials required to produce construction materials and road transportation of all the company's products. The company sells its products in Egypt and exports it to other countries, of which key revenue is derived within Egypt. Its products include Clinker, Cement and Concrete. Some of its brands are Al Mosalah and Al Nasr. It also offers delivery services through Express Wassal.