Thevola Group (SAU:2050) Interest Expense : ﷼-1,052 Mil (TTM As of Mar. 2024)

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What is Thevola Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Thevola Group's interest expense for the three months ended in Mar. 2024 was ﷼ -397 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ﷼-1,052 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. Thevola Group's Operating Income for the three months ended in Mar. 2024 was ﷼ 611 Mil. Thevola Group's Interest Expense for the three months ended in Mar. 2024 was ﷼ -397 Mil. Thevola Group's Interest Coverage for the quarter that ended in Mar. 2024 was 1.54. 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.

Thevola Group Interest Expense Historical Data

The historical data trend for Thevola Group'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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Thevola Group Interest Expense Chart

Thevola Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-691.82

-537.05

-519.80

-678.72

-930.21

Thevola Group 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															-274.72	-247.19	-278.74	-129.56	-396.67

Thevola Group 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 ﷼-1,052 Mil.

Thevola Group (SAU:2050) 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.

Thevola Group's Interest Expense for the three months ended in Mar. 2024 was ﷼-397 Mil. Its Operating Income for the three months ended in Mar. 2024 was ﷼611 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ﷼7,721 Mil.

Thevola Group'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	*	610.553	/	-396.673
	=	1.54

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

Thevola Group (SAU:2050) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The Savola Group (SAU:2050) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Prince Faisal Bin Fahad Street, Savola Tower, The Headquarter Business Park, Ashati District, 2444 Taha Khusaifan-Ashati, Unit Number 15, Jeddah, SAU, 23511-7333

Website

https://www.savola.com

The Savola Group is a strategic investment holding company. It is focused on the food and retail sectors, with operations in the Middle East, Turkey and other regions. It is organized into the following operating segments namely Foods processing, Retail, Food Services, Frozen food and Investment. The group derives majority of revenue from the Foods processing segment which consists of includes manufacturing, sale and distribution of Edible oils, Sugar, Pasta, Spices, Nuts, Pulses and other food products.

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