Emaar Development PJSC (DFM:EMAARDEV) Interest Expense : د.إ-187 Mil (TTM As of Mar. 2024)

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What is Emaar Development PJSC Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Emaar Development PJSC's interest expense for the three months ended in Mar. 2024 was د.إ -63 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was د.إ-187 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. Emaar Development PJSC's Operating Income for the three months ended in Mar. 2024 was د.إ 1,578 Mil. Emaar Development PJSC's Interest Expense for the three months ended in Mar. 2024 was د.إ -63 Mil. Emaar Development PJSC's Interest Coverage for the quarter that ended in Mar. 2024 was 24.94. 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.

Emaar Development PJSC Interest Expense Historical Data

The historical data trend for Emaar Development 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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Emaar Development PJSC Interest Expense Chart

Emaar Development PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-269.51

-143.47

-94.03

-173.61

-167.13

Emaar Development 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															-48.64	-53.94	-43.89	-26.07	-63.26

Emaar Development 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-187 Mil.

Emaar Development PJSC (DFM:EMAARDEV) 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.

Emaar Development PJSC's Interest Expense for the three months ended in Mar. 2024 was د.إ-63 Mil. Its Operating Income for the three months ended in Mar. 2024 was د.إ1,578 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was د.إ4 Mil.

Emaar Development 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	*	1577.614	/	-63.264
	=	24.94

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

Emaar Development PJSC (DFM:EMAARDEV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Emaar Development PJSC (DFM:EMAARDEV) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Emaar Business Park 1, Level 7, P.O. Box 9440, Dubai, ARE

Website

https://www.emaar.com

Emaar Development PJSC develops residential and commercial build-to-sell assets in the United Arab Emirates. Its business divisions include Malls, Entertainment, Hospitality, and Burj Khalifa. Malls include Gold and Diamond Park, The Dubai Mall, Souk Al Bahar, and others. The entertainment section comprises of KidZania, Dubai Opera, Dubai Ice Rink, and Dubai Aquarium and Underwater Zoo. Hospitality consists of Rove Hotels, Emaar Leisure Group, Vida Hotels and Resorts, and others.

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