Almasane Alkobra Mining Co (SAU:1322) Interest Expense : ﷼-6.3 Mil (TTM As of Mar. 2024)

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What is Almasane Alkobra Mining Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Almasane Alkobra Mining Co's interest expense for the three months ended in Mar. 2024 was ﷼ -1.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ﷼-6.3 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. Almasane Alkobra Mining Co's Operating Income for the three months ended in Mar. 2024 was ﷼ 17.9 Mil. Almasane Alkobra Mining Co's Interest Expense for the three months ended in Mar. 2024 was ﷼ -1.1 Mil. Almasane Alkobra Mining Co's Interest Coverage for the quarter that ended in Mar. 2024 was 15.87. 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.

Almasane Alkobra Mining Co Interest Expense Historical Data

The historical data trend for Almasane Alkobra Mining Co'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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Almasane Alkobra Mining Co Interest Expense Chart

Almasane Alkobra Mining Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

-6.75

-13.55

-12.04

-7.81

Almasane Alkobra Mining Co Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial									-2.67	-3.40	-1.07	-0.68	-1.13

Almasane Alkobra Mining Co 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 ﷼-6.3 Mil.

Almasane Alkobra Mining Co (SAU:1322) 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.

Almasane Alkobra Mining Co's Interest Expense for the three months ended in Mar. 2024 was ﷼-1.1 Mil. Its Operating Income for the three months ended in Mar. 2024 was ﷼17.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ﷼43.8 Mil.

Almasane Alkobra Mining Co'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	*	17.868	/	-1.126
	=	15.87

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

Almasane Alkobra Mining Co (SAU:1322) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Almasane Alkobra Mining Co (SAU:1322) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 96, Najran, SAU

Website

https://www.amak.com.sa

Almasane Alkobra Mining Co is engaged in mining non-ferrous metal ores (aluminium, copper, and lead), mining ores of precious metals belonging to the gold, silver, and platinum group, and wholesaling precious metals and gemstones.

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