SALudi Logistics Services Co (SAU:4263) Interest Expense : ﷼-20.3 Mil (TTM As of Mar. 2024)

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What is SALudi Logistics Services Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. SALudi Logistics Services Co's interest expense for the three months ended in Mar. 2024 was ﷼ -20.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ﷼-20.3 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. SALudi Logistics Services Co's Operating Income for the three months ended in Mar. 2024 was ﷼ 223.6 Mil. SALudi Logistics Services Co's Interest Expense for the three months ended in Mar. 2024 was ﷼ -20.3 Mil. SALudi Logistics Services Co's Interest Coverage for the quarter that ended in Mar. 2024 was 11.03. 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.

SALudi Logistics Services Co Interest Expense Historical Data

The historical data trend for SALudi Logistics Services 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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SALudi Logistics Services Co Interest Expense Chart

SALudi Logistics Services Co Annual Data

Trend

Dec22

Dec23

Interest Expense

-74.79

-85.39

SALudi Logistics Services Co Quarterly Data
	Dec22	Mar23	Dec23	Mar24
Interest Expense	-	-20.56	-	-20.27

SALudi Logistics Services 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 ﷼-20.3 Mil.

SALudi Logistics Services Co (SAU:4263) 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.

SALudi Logistics Services Co's Interest Expense for the three months ended in Mar. 2024 was ﷼-20.3 Mil. Its Operating Income for the three months ended in Mar. 2024 was ﷼223.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ﷼1,522.7 Mil.

SALudi Logistics Services 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	*	223.627	/	-20.267
	=	11.03

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

SALudi Logistics Services Co (SAU:4263) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » SAL Saudi Logistics Services Co (SAU:4263) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Prince Sultan Road, P.O. Box 23525, Zahran Building, Salamah, Jeddah, SAU, 2661

Website

https://www.sal.sa

SAL Saudi Logistics Services Co is a company engaged in providing supply chain solutions in Saudi Arabia. It creates integrated solutions to deliver end-to-end services for businesses across the economy wide supply chain. The company has three streams; Air cargo handling, Terminal handling and logistics solutions. The maximum revenue of the company comes from Terminal Handling.

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