National Marine Dredging Co PSC (ADX:NMDC) Interest Expense : د.إ-79 Mil (TTM As of Sep. 2023)

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What is National Marine Dredging Co PSC Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. National Marine Dredging Co PSC's interest expense for the three months ended in Sep. 2023 was د.إ -30 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was د.إ-79 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. National Marine Dredging Co PSC's Operating Income for the three months ended in Sep. 2023 was د.إ 560 Mil. National Marine Dredging Co PSC's Interest Expense for the three months ended in Sep. 2023 was د.إ -30 Mil. National Marine Dredging Co PSC's Interest Coverage for the quarter that ended in Sep. 2023 was 18.86. 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.

National Marine Dredging Co PSC Interest Expense Historical Data

The historical data trend for National Marine Dredging Co PSC'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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National Marine Dredging Co PSC Interest Expense Chart

National Marine Dredging Co PSC Annual Data

Trend

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Dec22

Interest Expense

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-9.84

-22.32

-46.41

-54.55

-58.76

National Marine Dredging Co PSC Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial															-12.66	-14.61	-19.47	-29.85	-29.69

National Marine Dredging Co PSC 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was د.إ-79 Mil.

National Marine Dredging Co PSC (ADX:NMDC) 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.

National Marine Dredging Co PSC's Interest Expense for the three months ended in Sep. 2023 was د.إ-30 Mil. Its Operating Income for the three months ended in Sep. 2023 was د.إ560 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was د.إ1,489 Mil.

National Marine Dredging Co PSC's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	559.734	/	-29.685
	=	18.86

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

National Marine Dredging Co PSC (ADX:NMDC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » National Marine Dredging Co PSC (ADX:NMDC) » Definitions » Interest Expense

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N/A

Address

Mussafah Street 16, P.O. Box 3649, Abu Dhabi, ARE

Website

https://www.nmdc.com

National Marine Dredging Co PSC is engaged in the execution of dredging contracts and associated land reclamation works in the territorial waters of the United Arab Emirates. Geographically, the company has a business presence in the United Arab Emirates and internationally. It derives the majority of the revenue from its operations in the United Arab Emirates. The company activities include Dredging and Reclamation, and Marine Construction. It has projects in various sectors such as Energy, Environment, Seaborne Trade, Tourism and Urban Development.

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