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Seef Properties BSC (BAH:SEEF) Interest Coverage : 7.30 (As of Mar. 2024)


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What is Seef Properties BSC 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. Seef Properties BSC's Operating Income for the three months ended in Mar. 2024 was BHD1.54 Mil. Seef Properties BSC's Interest Expense for the three months ended in Mar. 2024 was BHD-0.21 Mil. Seef Properties BSC's interest coverage for the quarter that ended in Mar. 2024 was 7.30. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Seef Properties BSC's Interest Coverage or its related term are showing as below:

BAH:SEEF' s Interest Coverage Range Over the Past 10 Years
Min: 7.35   Med: 19.25   Max: No Debt
Current: 7.86


BAH:SEEF's Interest Coverage is ranked better than
62.95% of 1336 companies
in the Real Estate industry
Industry Median: 4.06 vs BAH:SEEF: 7.86

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


Seef Properties BSC Interest Coverage Historical Data

The historical data trend for Seef Properties BSC'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.

* Premium members only.

Seef Properties BSC Interest Coverage Chart

Seef Properties BSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.86 8.56 7.35 8.19 7.81

Seef Properties BSC Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.19 8.28 7.99 7.83 7.30

Competitive Comparison of Seef Properties BSC's Interest Coverage

For the Real Estate Services subindustry, Seef Properties BSC'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.


Seef Properties BSC's Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Seef Properties BSC's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Seef Properties BSC's Interest Coverage falls into.



Seef Properties BSC 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.

Seef Properties BSC'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, Seef Properties BSC's Interest Expense was BHD-0.95 Mil. Its Operating Income was BHD7.42 Mil. And its Long-Term Debt & Capital Lease Obligation was BHD9.27 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*7.415/-0.949
=7.81

Seef Properties BSC's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Seef Properties BSC's Interest Expense was BHD-0.21 Mil. Its Operating Income was BHD1.54 Mil. And its Long-Term Debt & Capital Lease Obligation was BHD8.99 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*1.541/-0.211
=7.30

* 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.

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


Seef Properties BSC  (BAH:SEEF) 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 .


Seef Properties BSC Interest Coverage Related Terms

Thank you for viewing the detailed overview of Seef Properties BSC's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Seef Properties BSC (BAH:SEEF) Business Description

Traded in Other Exchanges
N/A
Address
Building 2102, Road 2825, Block 428, P.O. Box 20084,, Seef District, Manama, BHR
Seef Properties BSC is an integrated real estate development company in the Kingdom of Bahrain. The company specialised in developing and managing commercial leisure and recreational facilities. It also owns and manages three Seef Malls located in different areas around the Kingdom. Magic Island, is an Indoor theme park located within its Malls. Al Liwan, a mixed-use development project, and Fraser Suites Seef Bahrain serviced apartments located in Seef Mall and managed by Fraser Suites, a global hospitality brand.

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