AlMuneef Co For Trade Industry Agriculture And Contracting (SAU:9569) Interest Coverage : 65.16 (As of Dec. 2023)

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What is AlMuneef Co For Trade Industry Agriculture And Contracting 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. AlMuneef Co For Trade Industry Agriculture And Contracting's Operating Income for the six months ended in Dec. 2023 was ﷼9.2 Mil. AlMuneef Co For Trade Industry Agriculture And Contracting's Interest Expense for the six months ended in Dec. 2023 was ﷼-0.1 Mil. AlMuneef Co For Trade Industry Agriculture And Contracting's interest coverage for the quarter that ended in Dec. 2023 was 65.16. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. AlMuneef Co For Trade Industry Agriculture And Contracting has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for AlMuneef Co For Trade Industry Agriculture And Contracting's Interest Coverage or its related term are showing as below:

SAU:9569' s Interest Coverage Range Over the Past 10 Years
Min: 86.1 Med: 91.93 Max: 97.39
Current: 86.1

SAU:9569's Interest Coverage is ranked better than
87.57% of 177 companies
in the Agriculture industry
Industry Median: 6.69 vs SAU:9569: 86.10

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

AlMuneef Co For Trade Industry Agriculture And Contracting Interest Coverage Historical Data

The historical data trend for AlMuneef Co For Trade Industry Agriculture And Contracting'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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AlMuneef Co For Trade Industry Agriculture And Contracting Interest Coverage Chart

AlMuneef Co For Trade Industry Agriculture And Contracting Annual Data

Trend

Dec21

Dec22

Dec23

Interest Coverage

N/A

97.39

86.47

AlMuneef Co For Trade Industry Agriculture And Contracting Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Interest Coverage	120.57	80.10	118.20	65.16

Competitive Comparison of AlMuneef Co For Trade Industry Agriculture And Contracting's Interest Coverage

For the Agricultural Inputs subindustry, AlMuneef Co For Trade Industry Agriculture And Contracting'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.

AlMuneef Co For Trade Industry Agriculture And Contracting's Interest Coverage Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, AlMuneef Co For Trade Industry Agriculture And Contracting's Interest Coverage distribution charts can be found below:

* The bar in red indicates where AlMuneef Co For Trade Industry Agriculture And Contracting's Interest Coverage falls into.

AlMuneef Co For Trade Industry Agriculture And Contracting 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.

AlMuneef Co For Trade Industry Agriculture And Contracting'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, AlMuneef Co For Trade Industry Agriculture And Contracting's Interest Expense was ﷼-0.2 Mil. Its Operating Income was ﷼20.1 Mil. And its Long-Term Debt & Capital Lease Obligation was ﷼3.8 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	20.062	/	-0.232
	=	86.47

AlMuneef Co For Trade Industry Agriculture And Contracting's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, AlMuneef Co For Trade Industry Agriculture And Contracting's Interest Expense was ﷼-0.1 Mil. Its Operating Income was ﷼9.2 Mil. And its Long-Term Debt & Capital Lease Obligation was ﷼3.8 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	9.188	/	-0.141
	=	65.16

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

AlMuneef Co For Trade Industry Agriculture And Contracting (SAU:9569) 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 .

AlMuneef Co For Trade Industry Agriculture And Contracting Interest Coverage Related Terms

Thank you for viewing the detailed overview of AlMuneef Co For Trade Industry Agriculture And Contracting's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

AlMuneef Co For Trade Industry Agriculture And Contracting (SAU:9569) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » AlMuneef Co For Trade Industry Agriculture And Contracting (SAU:9569) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Building No. 5065, Unit No. 1, Al-Manakh District, Riyadh, SAU, 14314

Website

https://www.almuneef.com

AlMuneef Co For Trade Industry Agriculture And Contracting is engaged in the business which includes operating quarries, cutting and sawing marble, renovation of residential and non-residential buildings, wholesale of chemical fertilizers and soil conditioners, and pesticides, as listed in the commercial register. wholesale of pesticides, wholesale of health pesticides, and retail of pesticides. Fuel for automobiles and motorcycles (gas stations), retail of seedlings and saplings of agricultural products, retail of plant seeds, fertilizers, and soil conditioners, retail of agricultural pesticides, land transportation of goods, silo storage of grains, flour, and agricultural products.

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