Al Eid Food Co (KUW:ALEID) Interest Expense : KWD-0.80 Mil (TTM As of Mar. 2024)

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What is Al Eid Food Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Al Eid Food Co's interest expense for the three months ended in Mar. 2024 was KWD -0.28 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was KWD-0.80 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. Al Eid Food Co's Operating Income for the three months ended in Mar. 2024 was KWD 1.64 Mil. Al Eid Food Co's Interest Expense for the three months ended in Mar. 2024 was KWD -0.28 Mil. Al Eid Food Co's Interest Coverage for the quarter that ended in Mar. 2024 was 5.87. 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.

Al Eid Food Co Interest Expense Historical Data

The historical data trend for Al Eid Food 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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Al Eid Food Co Interest Expense Chart

Al Eid Food Co Annual Data

Trend

Dec11

Dec12

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.48

-0.47

-0.49

-0.60

-0.70

Al Eid Food 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															-0.18	-0.19	-0.13	-0.20	-0.28

Al Eid Food 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 KWD-0.80 Mil.

Al Eid Food Co (KUW:ALEID) 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.

Al Eid Food Co's Interest Expense for the three months ended in Mar. 2024 was KWD-0.28 Mil. Its Operating Income for the three months ended in Mar. 2024 was KWD1.64 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was KWD0.83 Mil.

Al Eid Food 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	*	1.637	/	-0.279
	=	5.87

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

Al Eid Food Co (KUW:ALEID) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Al Eid Food Co (KUW:ALEID) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

Al Ardiya Industrial Area, P.O. Box 41081, Building 100, Block 2, Kuwait City, KWT, 85851

Website

https://www.aleidfoods.com

Al Eid Food Co is importing, distributes, packaging, and marketing food and consumer products. It specializes in food and beverage distribution in Kuwait. Its products include Alwaha, Seara, GoldAlex, Delicio, Rahma, and Sunlite. It also provides oils, pulses, spices, rice, seafood, nuts, and meat. Operating segments of the group are distributed over the State of Kuwait, and the Gulf co-operation council, and the majority of the revenue comes from the State of Kuwait.

Al Eid Food Co (KUW:ALEID) Headlines

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