Advanced Technology Co KSCC (KUW:ATC) Interest Expense : KWD-11.4 Mil (TTM As of Mar. 2024)

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What is Advanced Technology Co KSCC Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Advanced Technology Co KSCC's interest expense for the three months ended in Mar. 2024 was KWD -2.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was KWD-11.4 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. Advanced Technology Co KSCC's Operating Income for the three months ended in Mar. 2024 was KWD 2.3 Mil. Advanced Technology Co KSCC's Interest Expense for the three months ended in Mar. 2024 was KWD -2.8 Mil. Advanced Technology Co KSCC's Interest Coverage for the quarter that ended in Mar. 2024 was 0.81. 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.

Advanced Technology Co KSCC Interest Expense Historical Data

The historical data trend for Advanced Technology Co KSCC'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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Advanced Technology Co KSCC Interest Expense Chart

Advanced Technology Co KSCC Annual Data

Trend

Dec11

Dec12

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-7.44

-5.82

-5.65

-6.87

-10.80

Advanced Technology Co KSCC 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															-2.26	-2.60	-2.78	-3.16	-2.84

Advanced Technology Co KSCC 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-11.4 Mil.

Advanced Technology Co KSCC (KUW:ATC) 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.

Advanced Technology Co KSCC's Interest Expense for the three months ended in Mar. 2024 was KWD-2.8 Mil. Its Operating Income for the three months ended in Mar. 2024 was KWD2.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was KWD65.4 Mil.

Advanced Technology Co KSCC'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	*	2.308	/	-2.842
	=	0.81

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Advanced Technology Co KSCCs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Advanced Technology Co KSCC (KUW:ATC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Advanced Technology Co KSCC (KUW:ATC) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Salem Al Mubarak Street, ATC Tower, P.O.Box: 44558, Street 1 Opposite Layla Tower, Block 4, Salmiya, Hawali, Kuwait, KWT, 32060

Website

https://www.atc.com.kw

Advanced Technology Co KSCC is a medical equipment supplier to the Kuwait healthcare sector. Some of the services provided by the company are - Diagnostic imaging, Laboratory environmental management and Automation, Medical & surgical O.R solutions, Healthcare manpower services, and more. The firm operates in one business segment namely trading, installation, and maintenance of medical and healthcare-related products. It also engages in constructing, managing, and possessing hospitals, medical centers, clinics, and specialized labs. In addition, the firm offers a pharmacy license, and home care services.