Tamdeen Real Estate Co KSCC (KUW:TAM) Interest Expense : KWD-8.47 Mil (TTM As of Mar. 2024)

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What is Tamdeen Real Estate Co KSCC Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tamdeen Real Estate Co KSCC's interest expense for the three months ended in Mar. 2024 was KWD -2.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was KWD-8.47 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. Tamdeen Real Estate Co KSCC's Operating Income for the three months ended in Mar. 2024 was KWD 2.33 Mil. Tamdeen Real Estate Co KSCC's Interest Expense for the three months ended in Mar. 2024 was KWD -2.01 Mil. Tamdeen Real Estate Co KSCC's Interest Coverage for the quarter that ended in Mar. 2024 was 1.16. 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.

Tamdeen Real Estate Co KSCC Interest Expense Historical Data

The historical data trend for Tamdeen Real Estate Co KSCC'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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Tamdeen Real Estate Co KSCC Interest Expense Chart

Tamdeen Real Estate Co KSCC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-10.91

-8.16

-6.76

-6.74

-8.30

Tamdeen Real Estate Co KSCC 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															-1.84	-2.18	-2.14	-2.13	-2.01

Tamdeen Real Estate Co KSCC 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 KWD-8.47 Mil.

Tamdeen Real Estate Co KSCC (KUW:TAM) 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.

Tamdeen Real Estate Co KSCC's Interest Expense for the three months ended in Mar. 2024 was KWD-2.01 Mil. Its Operating Income for the three months ended in Mar. 2024 was KWD2.33 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was KWD76.35 Mil.

Tamdeen Real Estate Co KSCC'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	*	2.332	/	-2.013
	=	1.16

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Tamdeen Real Estate Co KSCC interest coverage is 1.16, which is low.

Tamdeen Real Estate Co KSCC (KUW:TAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Tamdeen Real Estate Co KSCC (KUW:TAM) » Definitions » Interest Expense

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Address

Mall - Sixth Ring Road, South Surra, 360 Complex, P.O. Box 21816, 4th Floor, Block 7, Al-Zahraa District, Safat, Kuwait, KWT, 13079

Website

https://www.tamdeenre.com

Tamdeen Real Estate Co KSCC operates as a real estate investment and development company. The business activity of the company includes the development of real estate projects and construction contracts of buildings, managing the properties of others. In addition, the group is also involved in providing consultation services on asset utilization for individual clients, as well as consultation and advisory services on merger and acquisition, and business succession for corporate clients; investment and portfolio management services; and research and analysis services. The company operates in two reportable segments that are the real estate and investment. It generates maximum revenue from Investment segment.

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