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Al-Etihad Cooperative Insurance Co (SAU:8170) Interest Expense : ﷼-0 Mil (TTM As of Mar. 2024)


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What is Al-Etihad Cooperative Insurance Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Al-Etihad Cooperative Insurance Co's interest expense for the three months ended in Mar. 2024 was ﷼ -0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ﷼-0 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-Etihad Cooperative Insurance Co's Operating Income for the three months ended in Mar. 2024 was ﷼ 5 Mil. Al-Etihad Cooperative Insurance Co's Interest Expense for the three months ended in Mar. 2024 was ﷼ -0 Mil. Al-Etihad Cooperative Insurance Co's Interest Coverage for the quarter that ended in Mar. 2024 was 84.21. 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-Etihad Cooperative Insurance Co Interest Expense Historical Data

The historical data trend for Al-Etihad Cooperative Insurance 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.

* Premium members only.

Al-Etihad Cooperative Insurance Co Interest Expense Chart

Al-Etihad Cooperative Insurance Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.07 -0.05 -0.13 -0.25 -0.26

Al-Etihad Cooperative Insurance Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.08 -0.06 -0.06 -0.06 -0.06

Al-Etihad Cooperative Insurance 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 Mil.

* 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.


Al-Etihad Cooperative Insurance Co  (SAU:8170) Interest Expense Explanation

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. The higher, the better.

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-Etihad Cooperative Insurance Co's Interest Expense for the three months ended in Mar. 2024 was ﷼-0 Mil. Its EBIT for the three months ended in Mar. 2024 was ﷼5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ﷼4 Mil.

Al-Etihad Cooperative Insurance Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage=-1* EBIT (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*4.716/-0.056
=84.21

* 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.

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Al-Etihad Cooperative Insurance Co has enough cash to cover all of its debt. Its financial situation is stable.


Al-Etihad Cooperative Insurance Co (SAU:8170) Business Description

Traded in Other Exchanges
N/A
Address
8514 King Fahad bin Abdulaziz Road, P. O. Box 1022, Al Abdulkarim Tower, Unit No 15, Al-Qashlah District, Dhahran, SAU, 34232-4233
Al-Etihad Cooperative Insurance Co provides insurance and reinsurance services in Saudi Arabia. It offers services through the segments of Medical insurance, Property insurance, Engineering, Motor insurance, General accident, and others. The company principally operates in Saudi Arabia and derives key revenue from the Motor insurance segment.

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