ELM Co (SAU:7203) Interest Expense : ﷼-9 Mil (TTM As of Mar. 2024)

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What is ELM Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ELM Co's interest expense for the three months ended in Mar. 2024 was ﷼ -5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ﷼-9 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. ELM Co's Operating Income for the three months ended in Mar. 2024 was ﷼ 334 Mil. ELM Co's Interest Expense for the three months ended in Mar. 2024 was ﷼ -5 Mil. ELM Co's Interest Coverage for the quarter that ended in Mar. 2024 was 71.30. 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.

ELM Co Interest Expense Historical Data

The historical data trend for ELM 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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ELM Co Interest Expense Chart

ELM Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-4.90

-6.37

-4.78

-7.94

-5.86

ELM Co Quarterly Data
	Dec17	Dec18	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															-1.09	-1.03	-1.25	-2.49	-4.69

ELM 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 ﷼-9 Mil.

ELM Co (SAU:7203) 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.

ELM Co's Interest Expense for the three months ended in Mar. 2024 was ﷼-5 Mil. Its Operating Income for the three months ended in Mar. 2024 was ﷼334 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ﷼529 Mil.

ELM 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	*	334.377	/	-4.69
	=	71.30

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. ELM Co has enough cash to cover all of its debt. Its financial situation is stable.

ELM Co (SAU:7203) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ELM Co (SAU:7203) » Definitions » Interest Expense

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N/A

Address

Al Thaghr, Al Nakheel Dis Digital City, 6614, Unit No 2, Riyadh, SAU, 12382-4182

Website

https://www.elm.sa

ELM Co is engaged in providing ready-made and customized digital solutions in many areas. Its ready-made solutions serve a broad segment of customers, who can subscribe to different packages of their choosing to meet their needs and suffice business requirements. The services offered by the company include Consulting, Data Analysis, and Technical solutions. The segments are Digital Business, Business Process Outsourcing, and Professional Services, out of which the majority are from the Digital Business segment.

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