National Shipping Company ofudi Arabia (SAU:4030) Interest Coverage : 3.17 (As of Dec. 2023)

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What is National Shipping Company ofudi Arabia 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. National Shipping Company ofudi Arabia's Operating Income for the three months ended in Dec. 2023 was ﷼418 Mil. National Shipping Company ofudi Arabia's Interest Expense for the three months ended in Dec. 2023 was ﷼-132 Mil. National Shipping Company ofudi Arabia's interest coverage for the quarter that ended in Dec. 2023 was 3.17. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for National Shipping Company ofudi Arabia's Interest Coverage or its related term are showing as below:

SAU:4030' s Interest Coverage Range Over the Past 10 Years
Min: 2.33 Med: 4.14 Max: 14.97
Current: 3.01

SAU:4030's Interest Coverage is ranked worse than
67.77% of 819 companies
in the Transportation industry
Industry Median: 5.47 vs SAU:4030: 3.01

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

National Shipping Company ofudi Arabia Interest Coverage Historical Data

The historical data trend for National Shipping Company ofudi Arabia'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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National Shipping Company ofudi Arabia Interest Coverage Chart

National Shipping Company ofudi Arabia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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3.02

7.64

2.33

4.03

3.01

National Shipping Company ofudi Arabia Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															4.30	3.75	3.35	1.88	3.17

Competitive Comparison of National Shipping Company ofudi Arabia's Interest Coverage

For the Marine Shipping subindustry, National Shipping Company ofudi Arabia'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.

National Shipping Company ofudi Arabia's Interest Coverage Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, National Shipping Company ofudi Arabia's Interest Coverage distribution charts can be found below:

* The bar in red indicates where National Shipping Company ofudi Arabia's Interest Coverage falls into.

National Shipping Company ofudi Arabia 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.

National Shipping Company ofudi Arabia'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, National Shipping Company ofudi Arabia's Interest Expense was ﷼-607 Mil. Its Operating Income was ﷼1,829 Mil. And its Long-Term Debt & Capital Lease Obligation was ﷼7,559 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	1829.387	/	-606.973
	=	3.01

National Shipping Company ofudi Arabia's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, National Shipping Company ofudi Arabia's Interest Expense was ﷼-132 Mil. Its Operating Income was ﷼418 Mil. And its Long-Term Debt & Capital Lease Obligation was ﷼7,559 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	418.198	/	-132.032
	=	3.17

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

National Shipping Company ofudi Arabia (SAU:4030) 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 .

National Shipping Company ofudi Arabia Interest Coverage Related Terms

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National Shipping Company ofudi Arabia (SAU:4030) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » National Shipping Company of Saudi Arabia (SAU:4030) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

Olaya Towers, Tower B, P.O. Box 8931, 12th - 15th Floor, Olaya District, Riyadh, SAU, 12213

Website

https://www.bahri.sa

National Shipping Company of Saudi Arabia operates, purchases, and sells vessels for the transportation of cargo and passengers and all marine transport activities. The company's segments are Crude oil transportation, chemicals transportation, logistics, and dry bulk transportation, Head office, and Others. It also owns land and properties inside or outside of the domestic area as well as shares in other existing companies or merges with them and participates with others in establishing companies with similar complementary activities. The company earns maximum revenue from the Oil Transportation segment.

National Shipping Company ofudi Arabia (SAU:4030) Headlines

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