Wethaq Takaful Insurance Co KCSC (KUW:WETHAQ) Interest Expense : KWD-0.02 Mil (TTM As of Mar. 2024)

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What is Wethaq Takaful Insurance Co KCSC Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Wethaq Takaful Insurance Co KCSC's interest expense for the three months ended in Mar. 2024 was KWD 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was KWD-0.02 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. Wethaq Takaful Insurance Co KCSC's Operating Income for the three months ended in Mar. 2024 was KWD 0.00 Mil. Wethaq Takaful Insurance Co KCSC's Interest Expense for the three months ended in Mar. 2024 was KWD 0.00 Mil. Wethaq Takaful Insurance Co KCSC has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Wethaq Takaful Insurance Co KCSC Interest Expense Historical Data

The historical data trend for Wethaq Takaful Insurance Co KCSC'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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Wethaq Takaful Insurance Co KCSC Interest Expense Chart

Wethaq Takaful Insurance Co KCSC Annual Data

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Interest Expense

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-0.01

Wethaq Takaful Insurance Co KCSC Quarterly Data
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Interest Expense	Get a 7-Day Free Trial															-	-0.01	-0.01	-	-

Wethaq Takaful Insurance Co KCSC 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-0.02 Mil.

Wethaq Takaful Insurance Co KCSC (KUW:WETHAQ) 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.

Wethaq Takaful Insurance Co KCSC's Interest Expense for the three months ended in Mar. 2024 was KWD0.00 Mil. Its EBIT for the three months ended in Mar. 2024 was KWD0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was KWD0.00 Mil.

Wethaq Takaful Insurance Co KCSC's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Wethaq Takaful Insurance Co KCSC had no long-term debt ⁽¹⁾.

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

Wethaq Takaful Insurance Co KCSC (KUW:WETHAQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Wethaq Takaful Insurance Co KCSC (KUW:WETHAQ) » Definitions » Interest Expense

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Address

Khaled Bin Al Waleed Street, P.O. Box 371 City Tower, Sharq, 11 & 12 & Ground Floors, Safat, Kuwait City, KWT, 13004

Website

https://www.wethaq.com

Wethaq Takaful Insurance Co KCSC is engaged in the takaful, mutual, and retakaful insurance business. The company's core business activities are categorized into two key segments - Investment and Takaful Insurance. The majority of its revenue is derived from the Takaful Insurance segment. Its product portfolio comprises motors insurance, fire and property, construction and engineering, liabilities, health and life, financial, marine, and aviation insurance.

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