Al Maha Petroleum Products Marketing CoOG (MUS:MHAS) Interest Expense : ر.ع-2.8 Mil (TTM As of Dec. 2023)

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What is Al Maha Petroleum Products Marketing CoOG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Al Maha Petroleum Products Marketing CoOG's interest expense for the three months ended in Dec. 2023 was ر.ع -0.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ر.ع-2.8 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 Maha Petroleum Products Marketing CoOG's Operating Income for the three months ended in Dec. 2023 was ر.ع 4.6 Mil. Al Maha Petroleum Products Marketing CoOG's Interest Expense for the three months ended in Dec. 2023 was ر.ع -0.9 Mil. Al Maha Petroleum Products Marketing CoOG's Interest Coverage for the quarter that ended in Dec. 2023 was 5.13. 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 Maha Petroleum Products Marketing CoOG Interest Expense Historical Data

The historical data trend for Al Maha Petroleum Products Marketing CoOG'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 Maha Petroleum Products Marketing CoOG Interest Expense Chart

Al Maha Petroleum Products Marketing CoOG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.13

-1.81

-2.28

-1.90

-2.84

Al Maha Petroleum Products Marketing CoOG 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															-0.54	-0.56	-0.63	-0.76	-0.89

Al Maha Petroleum Products Marketing CoOG 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-2.8 Mil.

Al Maha Petroleum Products Marketing CoOG (MUS:MHAS) 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 Maha Petroleum Products Marketing CoOG's Interest Expense for the three months ended in Dec. 2023 was ر.ع-0.9 Mil. Its Operating Income for the three months ended in Dec. 2023 was ر.ع4.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ر.ع6.2 Mil.

Al Maha Petroleum Products Marketing CoOG's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	4.563	/	-0.89
	=	5.13

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

Al Maha Petroleum Products Marketing CoOG (MUS:MHAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Al Maha Petroleum Products Marketing Co SAOG (MUS:MHAS) » Definitions » Interest Expense

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Address

Mina Al Fahal, P.O. Box 57, Mina Al Fahal, OMN, 116

Website

https://www.almaha.com.om

Al Maha Petroleum Products Marketing Co SAOG markets and distributes petroleum products. It supplies fuel and petroleum-based products to retail, industrial, and aviation markets and offers environment-friendly oil and lubricants through its service stations. The company maintains a network of service stations throughout Oman. Its product portfolio covers Gasoline, Diesel, Aviation fuel, Kerosene, and Lubricants. The company operates its business through the segments of Retail sales, Commercial sales, and Other sales. The retail sales segment derives key revenue for the company which includes sales made through company-operated stations, dealer-operated stations, and third-party-operated stations.

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