Al Madina Takaful Co.OG (MUS:AMAT) Interest Expense : ر.ع-0.11 Mil (TTM As of Dec. 2023)

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What is Al Madina Takaful Co.OG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Al Madina Takaful Co.OG's interest expense for the three months ended in Dec. 2023 was ر.ع -0.02 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ر.ع-0.11 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 Madina Takaful Co.OG's Operating Income for the three months ended in Dec. 2023 was ر.ع 0.00 Mil. Al Madina Takaful Co.OG's Interest Expense for the three months ended in Dec. 2023 was ر.ع -0.02 Mil. Al Madina Takaful Co.OG 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.

Al Madina Takaful Co.OG Interest Expense Historical Data

The historical data trend for Al Madina Takaful Co.OG'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 Madina Takaful Co.OG Interest Expense Chart

Al Madina Takaful Co.OG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.22

-0.36

-0.20

-0.10

-0.11

Al Madina Takaful Co.OG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.01	-0.08	-0.01	-	-0.02

Al Madina Takaful Co.OG 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ر.ع-0.11 Mil.

Al Madina Takaful Co.OG (MUS:AMAT) 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 Madina Takaful Co.OG's Interest Expense for the three months ended in Dec. 2023 was ر.ع-0.02 Mil. Its EBIT for the three months ended in Dec. 2023 was ر.ع0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ر.ع0.00 Mil.

Al Madina Takaful Co.OG's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

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

Al Madina Takaful Co.OG (MUS:AMAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Al Madina Takaful Co. SAOG (MUS:AMAT) » Definitions » Interest Expense

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Traded in Other Exchanges

N/A

Address

Office no. 301/302, P.O. Box 80, 3rd Floor, Building 6, Muscat Grand Mall, Ghubra, Muscat, OMN, 136

Website

https://www.almadinatakaful.com

Al Madina Takaful Co. SAOG is engaged in the business of takaful activities and investments by adopting the wakala and mudarabha model respectively, on behalf of the participants in accordance with the Islamic Sharia principles. The business operates in various segments that include the General Takaful segment; which includes insurance and reinsurance of motor, fire, general accident, marine cargo, and medical, and the Family Takaful segment; which includes insurance of an individual or group life. Fire, energy, medical, engineering, liability, and general accident segment and Motor, marine, and aviation. The General Takaful segment generates maximum revenue for the company. Geographically, the operations of the company are located inside the Sultanate of Oman.