RAK Properties PJSC (ADX:RAKPROP) Interest Expense : د.إ-74 Mil (TTM As of Mar. 2024)

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What is RAK Properties PJSC Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. RAK Properties PJSC's interest expense for the three months ended in Mar. 2024 was د.إ -23 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was د.إ-74 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. RAK Properties PJSC's Operating Income for the three months ended in Mar. 2024 was د.إ 64 Mil. RAK Properties PJSC's Interest Expense for the three months ended in Mar. 2024 was د.إ -23 Mil. RAK Properties PJSC's Interest Coverage for the quarter that ended in Mar. 2024 was 2.76. 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.

RAK Properties PJSC Interest Expense Historical Data

The historical data trend for RAK Properties 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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RAK Properties PJSC Interest Expense Chart

RAK Properties PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-16.25

-17.65

-11.87

-38.82

-64.69

RAK Properties PJSC 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															-13.73	-14.49	-14.28	-22.19	-23.18

RAK Properties PJSC 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 د.إ-74 Mil.

RAK Properties PJSC (ADX:RAKPROP) 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.

RAK Properties PJSC's Interest Expense for the three months ended in Mar. 2024 was د.إ-23 Mil. Its Operating Income for the three months ended in Mar. 2024 was د.إ64 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was د.إ765 Mil.

RAK Properties PJSC's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	63.902	/	-23.183
	=	2.76

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

RAK Properties PJSC (ADX:RAKPROP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » RAK Properties PJSC (ADX:RAKPROP) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Julphar Towers, P.O. Box 31113, Floor No 41, Ras Al-Khaimah, ARE

Website

https://www.rakproperties.ae

RAK Properties PJSC is a property development and tourism infrastructure firm in the United Arab Emirates. ?The principal activities of the Group are an investment in and development of properties, property management, hotel operations, marine management and related services.

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