Union Properties PJSC (DFM:UPP) Interest Expense : د.إ-92.4 Mil (TTM As of Mar. 2024)

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What is Union Properties PJSC Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Union Properties PJSC's interest expense for the three months ended in Mar. 2024 was د.إ -8.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was د.إ-92.4 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. Union Properties PJSC's Operating Income for the three months ended in Mar. 2024 was د.إ 10.2 Mil. Union Properties PJSC's Interest Expense for the three months ended in Mar. 2024 was د.إ -8.6 Mil. Union Properties PJSC's Interest Coverage for the quarter that ended in Mar. 2024 was 1.17. 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.

Union Properties PJSC Interest Expense Historical Data

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

Union Properties PJSC Annual Data

Trend

Dec14

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Dec20

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Dec23

Interest Expense

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-174.08

-120.12

-76.17

-73.78

-111.22

Union 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															-27.43	-28.72	-28.94	-26.13	-8.65

Union 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-92.4 Mil.

Union Properties PJSC (DFM:UPP) 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.

Union Properties PJSC's Interest Expense for the three months ended in Mar. 2024 was د.إ-8.6 Mil. Its Operating Income for the three months ended in Mar. 2024 was د.إ10.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was د.إ216.8 Mil.

Union 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	*	10.15	/	-8.649
	=	1.17

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

Union Properties PJSC (DFM:UPP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Union Properties PJSC (DFM:UPP) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Union Business Park 1, P.O. Box 24649, Green Community East, Dubai Investment Park 1, Dubai, ARE

Website

https://www.up.ae

Union Properties PJSC is a property development company in the United Arab Emirates. The company has a wide range of projects in its portfolio, including residential, industrial, and leisure development projects. The firm operates out of three segments: real estate, contracting, and goods and services. Property rentals and sales compose the real estate segment. The firm's contracting sector involves mechanical, electrical, and plumbing work, as well as interior architecture construction. In goods and services, the company offers facility management and maintenance services, motor racing services, and sale of goods. The majority of the company's revenue is generated from the goods and services segment.

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