Shikun & Binui (Shikun & Binui) Interest Expense : $-202 Mil (TTM As of Mar. 2024)

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What is Shikun & Binui Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shikun & Binui's interest expense for the three months ended in Mar. 2024 was $ -57 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-202 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. Shikun & Binui's Operating Income for the three months ended in Mar. 2024 was $ 3 Mil. Shikun & Binui's Interest Expense for the three months ended in Mar. 2024 was $ -57 Mil. Shikun & Binui's Interest Coverage for the quarter that ended in Mar. 2024 was 0.05. 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.

Shikun & Binui Interest Expense Historical Data

The historical data trend for Shikun & Binui'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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Shikun & Binui Interest Expense Chart

Shikun & Binui Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-96.73

-74.91

-127.53

-187.94

-196.54

Shikun & Binui 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															-52.09	-75.98	-56.92	-11.55	-57.19

Shikun & Binui 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 $-202 Mil.

Shikun & Binui (OTCPK:SKBNF) 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.

Shikun & Binui's Interest Expense for the three months ended in Mar. 2024 was $-57 Mil. Its Operating Income for the three months ended in Mar. 2024 was $3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $2,572 Mil.

Shikun & Binui'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	*	2.685	/	-57.189
	=	0.05

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

Shikun & Binui (Shikun & Binui) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shikun & Binui Ltd (OTCPK:SKBNF) » Definitions » Interest Expense

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SKBN:Israel

Address

1A Hayarden Street, P.O.B 1133, Airport City, ISR, 7010000

Website

https://www.shikunbinui.com

Shikun & Binui is an Israel-based company that carries out public-private partnership projects that focus on the financing, construction, and operation of infrastructure and civil engineering projects; development and construction of residential buildings and commercial projects; operation of rental properties; development of power generation facilities based on solar photovoltaic energy; solar thermal energy; and operation of water desalination and purification initiatives. The construction segments make up the majority of the company's revenue. Shikun & Binui's key areas of operation are the Americas, Africa, Europe, and Israel.