Salik Company PJSC (DFM:SALIK) Interest Expense : د.إ-249 Mil (TTM As of Mar. 2024)

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What is Salik Company PJSC Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Salik Company PJSC's interest expense for the three months ended in Mar. 2024 was د.إ -65 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was د.إ-249 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. Salik Company PJSC's Operating Income for the three months ended in Mar. 2024 was د.إ 369 Mil. Salik Company PJSC's Interest Expense for the three months ended in Mar. 2024 was د.إ -65 Mil. Salik Company PJSC's Interest Coverage for the quarter that ended in Mar. 2024 was 5.64. 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.

Salik Company PJSC Interest Expense Historical Data

The historical data trend for Salik Company 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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Salik Company PJSC Interest Expense Chart

Salik Company PJSC Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-7.10

-5.24

-6.62

-73.04

-239.03

Salik Company PJSC Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial									-55.87	-59.17	-62.57	-61.42	-65.35

Salik Company 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-249 Mil.

Salik Company PJSC (DFM:SALIK) 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.

Salik Company PJSC's Interest Expense for the three months ended in Mar. 2024 was د.إ-65 Mil. Its Operating Income for the three months ended in Mar. 2024 was د.إ369 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was د.إ3,995 Mil.

Salik Company 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	*	368.724	/	-65.348
	=	5.64

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

Salik Company PJSC (DFM:SALIK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Salik Company PJSC (DFM:SALIK) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

Marrakesh Street, Al Garhoud, Block C, First Floor, P.O. Box: 118899, Umm Ramool, Roads and Transport Authority Headquarters, Dubai, ARE

Website

https://www.salik.ae

Salik Company PJSC is engaged in the operations and maintenance of toll gates in Dubai. It also is involved in the design and construction of new tollgates, including without limitation, the required tolling equipment, infrastructure, and any other interface requirements.

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