AlMuneef Co For Trade Industry Agriculture And Contracting (SAU:9569) Interest Expense : ﷼-0.2 Mil (TTM As of Dec. 2023)

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What is AlMuneef Co For Trade Industry Agriculture And Contracting Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AlMuneef Co For Trade Industry Agriculture And Contracting's interest expense for the six months ended in Dec. 2023 was ﷼ -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ﷼-0.2 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. AlMuneef Co For Trade Industry Agriculture And Contracting's Operating Income for the six months ended in Dec. 2023 was ﷼ 9.2 Mil. AlMuneef Co For Trade Industry Agriculture And Contracting's Interest Expense for the six months ended in Dec. 2023 was ﷼ -0.1 Mil. AlMuneef Co For Trade Industry Agriculture And Contracting's Interest Coverage for the quarter that ended in Dec. 2023 was 65.16. 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.

AlMuneef Co For Trade Industry Agriculture And Contracting Interest Expense Historical Data

The historical data trend for AlMuneef Co For Trade Industry Agriculture And Contracting'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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AlMuneef Co For Trade Industry Agriculture And Contracting Interest Expense Chart

AlMuneef Co For Trade Industry Agriculture And Contracting Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

-0.23

AlMuneef Co For Trade Industry Agriculture And Contracting Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Interest Expense	-0.10	-0.13	-0.09	-0.14

AlMuneef Co For Trade Industry Agriculture And Contracting 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 semi-annually data reported by the company within the most recent 12 months, which was ﷼-0.2 Mil.

AlMuneef Co For Trade Industry Agriculture And Contracting (SAU:9569) 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.

AlMuneef Co For Trade Industry Agriculture And Contracting's Interest Expense for the six months ended in Dec. 2023 was ﷼-0.1 Mil. Its Operating Income for the six months ended in Dec. 2023 was ﷼9.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was ﷼3.8 Mil.

AlMuneef Co For Trade Industry Agriculture And Contracting'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	*	9.188	/	-0.141
	=	65.16

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. AlMuneef Co For Trade Industry Agriculture And Contracting has enough cash to cover all of its debt. Its financial situation is stable.

AlMuneef Co For Trade Industry Agriculture And Contracting (SAU:9569) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » AlMuneef Co For Trade Industry Agriculture And Contracting (SAU:9569) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Building No. 5065, Unit No. 1, Al-Manakh District, Riyadh, SAU, 14314

Website

https://www.almuneef.com

AlMuneef Co For Trade Industry Agriculture And Contracting is engaged in the business which includes operating quarries, cutting and sawing marble, renovation of residential and non-residential buildings, wholesale of chemical fertilizers and soil conditioners, and pesticides, as listed in the commercial register. wholesale of pesticides, wholesale of health pesticides, and retail of pesticides. Fuel for automobiles and motorcycles (gas stations), retail of seedlings and saplings of agricultural products, retail of plant seeds, fertilizers, and soil conditioners, retail of agricultural pesticides, land transportation of goods, silo storage of grains, flour, and agricultural products.

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