Al Seer Marine Supplies & Equipment PJSC (ADX:ASM) Interest Expense : د.إ Mil (TTM As of Dec. 2021)

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What is Al Seer Marine Supplies & Equipment PJSC Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Al Seer Marine Supplies & Equipment PJSC's interest expense for the six months ended in Dec. 2021 was د.إ -0.0 Mil. Al Seer Marine Supplies & Equipment PJSC does not have enough years/quarters to calculate its interest expense for the trailing twelve months (TTM) ended in Dec. 2021.

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 Seer Marine Supplies & Equipment PJSC's Operating Income for the six months ended in Dec. 2021 was د.إ 54.6 Mil. Al Seer Marine Supplies & Equipment PJSC's Interest Expense for the six months ended in Dec. 2021 was د.إ -0.0 Mil. Al Seer Marine Supplies & Equipment PJSC's Interest Coverage for the quarter that ended in Dec. 2021 was 7,800.71. 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 Seer Marine Supplies & Equipment PJSC Interest Expense Historical Data

The historical data trend for Al Seer Marine Supplies & Equipment PJSC'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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Al Seer Marine Supplies & Equipment PJSC Interest Expense Chart

Al Seer Marine Supplies & Equipment PJSC Annual Data

Trend

Dec20

Dec21

Interest Expense

-0.21

-0.01

Al Seer Marine Supplies & Equipment PJSC Semi-Annual Data
	Dec20	Dec21
Interest Expense	-0.21	-0.01

Al Seer Marine Supplies & Equipment PJSC Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Al Seer Marine Supplies & Equipment PJSC (ADX:ASM) 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.

Al Seer Marine Supplies & Equipment PJSC's Interest Expense for the six months ended in Dec. 2021 was د.إ-0.0 Mil. Its Operating Income for the six months ended in Dec. 2021 was د.إ54.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2021 was د.إ6.5 Mil.

Al Seer Marine Supplies & Equipment PJSC's Interest Coverage for the quarter that ended in Dec. 2021 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2021 )	/	Interest Expense (Q: Dec. 2021 )
	=	-1	*	54.605	/	-0.007
	=	7,800.71

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

Al Seer Marine Supplies & Equipment PJSC (ADX:ASM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Al Seer Marine Supplies & Equipment PJSC (ADX:ASM) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot Number A-20, Sector MW-5, P.O. Box 33639, Mussafah Industrial City, Abu Dhabi, ARE

Website

https://www.alseermarine.ae

Al Seer Marine Supplies & Equipment PJSC is a marine company in the Arabian maritime region, with a portfolio of services that caters to all needs of boat owners, managers and crew. The services of the company include Boat Building, Maintenance Services, Yacht Management, Training Institute, and Maintenance services among others.