Riyal Investment And Development Co (SAU:9584) Interest Coverage : N/A (As of Dec. 2022)

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What is Riyal Investment And Development Co Interest Coverage?

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 by its Interest Expense. Riyal Investment And Development Co's Operating Income for the three months ended in Dec. 2022 was ﷼0.0 Mil. Riyal Investment And Development Co's Interest Expense for the three months ended in Dec. 2022 was ﷼0.0 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Riyal Investment And Development Co's Interest Coverage or its related term are showing as below:

SAU:9584's Interest Coverage is not ranked ^*
in the Business Services industry.
Industry Median: 13.455
* Ranked among companies with meaningful Interest Coverage only.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Riyal Investment And Development Co Interest Coverage Historical Data

The historical data trend for Riyal Investment And Development Co's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Riyal Investment And Development Co Interest Coverage Chart

Riyal Investment And Development Co Annual Data

Trend

Dec22

Dec23

Interest Coverage

2.04

1.45

Riyal Investment And Development Co Quarterly Data
	Dec22	Dec23
Interest Coverage	N/A	N/A

Competitive Comparison of Riyal Investment And Development Co's Interest Coverage

For the Rental & Leasing Services subindustry, Riyal Investment And Development Co's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Riyal Investment And Development Co's Interest Coverage Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Riyal Investment And Development Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Riyal Investment And Development Co's Interest Coverage falls into.

Riyal Investment And Development Co Interest Coverage Calculation

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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Riyal Investment And Development Co's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Riyal Investment And Development Co's Interest Expense was ﷼-20.9 Mil. Its Operating Income was ﷼30.2 Mil. And its Long-Term Debt & Capital Lease Obligation was ﷼98.8 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	30.224	/	-20.895
	=	1.45

Riyal Investment And Development Co's Interest Coverage for the quarter that ended in Dec. 2022 is calculated as

Here, for the three months ended in Dec. 2022, Riyal Investment And Development Co's Interest Expense was ﷼0.0 Mil. Its Operating Income was ﷼0.0 Mil. And its Long-Term Debt & Capital Lease Obligation was ﷼72.1 Mil.

GuruFocus does not calculate Riyal Investment And Development Co's interest coverage with the available data.

The higher the ratio, the stronger the company's Financial Strength is.

Riyal Investment And Development Co (SAU:9584) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

Riyal Investment And Development Co Interest Coverage Related Terms

Thank you for viewing the detailed overview of Riyal Investment And Development Co's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Riyal Investment And Development Co (SAU:9584) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Riyal Investment And Development Co (SAU:9584) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jubail Highway, P.O. Box 9494, Dammam, SAU, 31451

Website

https://www.riyalmotors.com

Riyal Investment And Development Co is engaged in leasing of vehicles and buses, trading activities (export, import, brokerage, and marketing for others) in non-money exchange business, establish and operate workshops for vehicles, equipment, wholesale and retail sales and export and import in vehicles spare parts and wheels. The Company also provides services such as Lease Service, Rental Service, Vehicles with Drivers, Workshop, Mobile Van Services, Petromin Services, Fuchs One Stop Solution, and Specialized Services. It serves in sectors such as Oil and Gas, Energy, Petrochemicals, EPC, Logistics, Information Technology, and others. It has two segments; Lease of Vehicles and Sale of Vehicles. The company derives maximum revenue from Sale of Vehicles Segment.

Riyal Investment And Development Co (SAU:9584) Headlines

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