Buruj Cooperative Insurance Co (SAU:8270) Interest Expense : ﷼-30.7 Mil (TTM As of Mar. 2024)

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What is Buruj Cooperative Insurance Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Buruj Cooperative Insurance Co's interest expense for the three months ended in Mar. 2024 was ﷼ -7.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ﷼-30.7 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. Buruj Cooperative Insurance Co's Operating Income for the three months ended in Mar. 2024 was ﷼ 0.0 Mil. Buruj Cooperative Insurance Co's Interest Expense for the three months ended in Mar. 2024 was ﷼ -7.7 Mil. Buruj Cooperative Insurance Co 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.

Buruj Cooperative Insurance Co Interest Expense Historical Data

The historical data trend for Buruj 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.

Buruj Cooperative Insurance Co Interest Expense Chart

Buruj Cooperative Insurance Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-5.57

-6.64

-8.23

-24.56

-26.83

Buruj 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															-3.78	-6.22	-7.60	-9.23	-7.70

Buruj 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 ﷼-30.7 Mil.

Buruj Cooperative Insurance Co (SAU:8270) 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.

Buruj Cooperative Insurance Co's Interest Expense for the three months ended in Mar. 2024 was ﷼-7.7 Mil. Its EBIT for the three months ended in Mar. 2024 was ﷼0.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ﷼0.0 Mil.

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

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

Buruj Cooperative Insurance Co (SAU:8270) Business Description

Industry

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Traded in Other Exchanges

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Address

Al Thomamah Road, P.O. Box 51855, An Nada, Riyadh, SAU, 11553

Website

https://www.burujinsurance.com

Buruj Cooperative Insurance Co is a multi-line insurance company. The objective of the company is to transact cooperative insurance business and related activities in the Kingdom of Saudi Arabia. Its principal lines of business include all classes of general insurance. The company provides insurance in the areas of Motor, Medical, Property and casualty, Marine, and others, of which key revenue is derived from the Motor Insurance. The Company has five reportable operating segments as follows: Motor insurance, Medical products, Property, Marine products and Others which include Engineering products and General Accident.

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