Abu Dhabi Ports Co PJSC (ADX:ADPORTS) Interest Coverage : 0 (At Loss) (As of Dec. 2023)

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What is Abu Dhabi Ports Co PJSC 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. Abu Dhabi Ports Co PJSC's Operating Income for the three months ended in Dec. 2023 was د.إ118 Mil. Abu Dhabi Ports Co PJSC's Interest Expense for the three months ended in Dec. 2023 was د.إ45 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Abu Dhabi Ports Co PJSC interest coverage is 3.88, which is low.

The historical rank and industry rank for Abu Dhabi Ports Co PJSC's Interest Coverage or its related term are showing as below:

ADX:ADPORTS' s Interest Coverage Range Over the Past 10 Years
Min: 3.22 Med: 3.92 Max: 22.67
Current: 3.88

ADX:ADPORTS's Interest Coverage is ranked worse than
60.88% of 818 companies
in the Transportation industry
Industry Median: 5.395 vs ADX:ADPORTS: 3.88

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

Abu Dhabi Ports Co PJSC Interest Coverage Historical Data

The historical data trend for Abu Dhabi Ports Co PJSC'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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Abu Dhabi Ports Co PJSC Interest Coverage Chart

Abu Dhabi Ports Co PJSC Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

3.22

3.95

3.63

12.04

3.88

Abu Dhabi Ports Co PJSC Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial										-	3.61	3.09	3.14	-

Competitive Comparison of Abu Dhabi Ports Co PJSC's Interest Coverage

For the Marine Shipping subindustry, Abu Dhabi Ports Co PJSC'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.

Abu Dhabi Ports Co PJSC's Interest Coverage Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Abu Dhabi Ports Co PJSC's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Abu Dhabi Ports Co PJSC's Interest Coverage falls into.

Abu Dhabi Ports Co PJSC 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.

Abu Dhabi Ports Co PJSC'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, Abu Dhabi Ports Co PJSC's Interest Expense was د.إ-417 Mil. Its Operating Income was د.إ1,620 Mil. And its Long-Term Debt & Capital Lease Obligation was د.إ15,622 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	1620.156	/	-417.374
	=	3.88

Abu Dhabi Ports Co PJSC's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Abu Dhabi Ports Co PJSC's Interest Expense was د.إ45 Mil. Its Operating Income was د.إ118 Mil. And its Long-Term Debt & Capital Lease Obligation was د.إ15,622 Mil.

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

Abu Dhabi Ports Co PJSC (ADX:ADPORTS) 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 .

Abu Dhabi Ports Co PJSC Interest Coverage Related Terms

Thank you for viewing the detailed overview of Abu Dhabi Ports Co PJSC's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Abu Dhabi Ports Co PJSC (ADX:ADPORTS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Abu Dhabi Ports Co PJSC (ADX:ADPORTS) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

Al Mina Street. Nearest Landmark: Zayed Port, Gate 1, Next to Zayed Port, P.O. Box 54477, Abu Dhabi, ARE, 54477

Website

https://www.adports.ae

Abu Dhabi Ports Co PJSC owns, operates, maintains, manages, and develops all ports, docks, harbors, quays, waterways, bridges, breakwaters, infrastructure, and related installations in the Emirate of Abu Dhabi. It also constructs, manages, and develops the industrial, commercial, and non-financial service-free zones on plots of land granted or allocated by the Government of Abu Dhabi. The company's segments include Ports; Economic Cities and Free Zones (EC&FZ); Logistics; Maritime; Digital and Corporate.

Abu Dhabi Ports Co PJSC (ADX:ADPORTS) Headlines

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