Hod-Assaf Industries (XTAE:HOD) Interest Expense : ₪-18 Mil (TTM As of Dec. 2023)

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What is Hod-Assaf Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hod-Assaf Industries's interest expense for the three months ended in Dec. 2023 was ₪ -8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₪-18 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. Hod-Assaf Industries's Operating Income for the three months ended in Dec. 2023 was ₪ -3 Mil. Hod-Assaf Industries's Interest Expense for the three months ended in Dec. 2023 was ₪ -8 Mil. Hod-Assaf Industries did not have earnings to cover the interest expense. 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.

Hod-Assaf Industries Interest Expense Historical Data

The historical data trend for Hod-Assaf Industries'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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Hod-Assaf Industries Interest Expense Chart

Hod-Assaf Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-9.53

-7.68

-7.63

-12.81

-17.91

Hod-Assaf Industries Quarterly Data
	Dec14	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-2.65	-1.41	-4.53	-4.00	-7.97

Hod-Assaf Industries 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₪-18 Mil.

Hod-Assaf Industries (XTAE:HOD) 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.

Hod-Assaf Industries's Interest Expense for the three months ended in Dec. 2023 was ₪-8 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₪-3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₪9 Mil.

Hod-Assaf Industries's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Hod-Assaf Industries did not have earnings to cover the interest expense.

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

Hod-Assaf Industries (XTAE:HOD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Hod-Assaf Industries Ltd (XTAE:HOD) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 493, Akko, ISR, 24100

Website

http://www.hodmetal.co.il

Hod-Assaf Industries Ltd produces, processes and sells concrete reinforcement steel products. The company produces steel, steel wire, welded nuts, fencing products. Its products are used for the construction, infrastructure, defense and agriculture industries. It operates steel production and processing plants in Acre and Kiryat Gat.

Hod-Assaf Industries (XTAE:HOD) Headlines

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