Sumou Real Estate Co (SAU:4323) Interest Expense : ﷼-0.9 Mil (TTM As of Mar. 2024)

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What is Sumou Real Estate Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sumou Real Estate Co's interest expense for the three months ended in Mar. 2024 was ﷼ -0.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ﷼-0.9 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. Sumou Real Estate Co's Operating Income for the three months ended in Mar. 2024 was ﷼ 16.0 Mil. Sumou Real Estate Co's Interest Expense for the three months ended in Mar. 2024 was ﷼ -0.3 Mil. Sumou Real Estate Co's Interest Coverage for the quarter that ended in Mar. 2024 was 53.05. 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.

Sumou Real Estate Co Interest Expense Historical Data

The historical data trend for Sumou Real Estate 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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Sumou Real Estate Co Interest Expense Chart

Sumou Real Estate Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-11.31

-7.41

-1.56

-1.02

-1.25

Sumou Real Estate Co Quarterly Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial									-0.30	-	-0.33	-0.24	-0.30

Sumou Real Estate 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 ﷼-0.9 Mil.

Sumou Real Estate Co (SAU:4323) 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.

Sumou Real Estate Co's Interest Expense for the three months ended in Mar. 2024 was ﷼-0.3 Mil. Its Operating Income for the three months ended in Mar. 2024 was ﷼16.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ﷼18.0 Mil.

Sumou Real Estate 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	*	16.02	/	-0.302
	=	53.05

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

Sumou Real Estate Co (SAU:4323) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Sumou Real Estate Co (SAU:4323) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Prince Turki bin Abdulaziz street, Sumou Tower - P.O.Box 250, Al-Yarmouk District, AlKhobar, SAU, 31952

Website

https://www.sumou.com.sa

Sumou Real Estate Co is engaged in executing and managing real estate development and investment projects in the Kingdom of Saudi Arabia. The company's projects portfolio includes commercial centers, residential complexes, housing units, infrastructure for industrial, and commercial facilities, economic cities, and free zones.

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