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Darat Jordan Holdings (AMM:DARA) Interest Coverage : No Debt (1) (As of Mar. 2024)


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What is Darat Jordan Holdings 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. Darat Jordan Holdings's Operating Income for the three months ended in Mar. 2024 was JOD-0.12 Mil. Darat Jordan Holdings's Interest Expense for the three months ended in Mar. 2024 was JOD0.00 Mil. Darat Jordan Holdings has no debt. The higher the ratio, the stronger the company's financial strength is.

(1) 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.

The historical rank and industry rank for Darat Jordan Holdings's Interest Coverage or its related term are showing as below:


AMM:DARA's Interest Coverage is not ranked *
in the Real Estate industry.
Industry Median: 4.05
* 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.


Darat Jordan Holdings Interest Coverage Historical Data

The historical data trend for Darat Jordan Holdings'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.

Darat Jordan Holdings Interest Coverage Chart

Darat Jordan Holdings 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 No Debt No Debt - - -

Darat Jordan Holdings 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 No Debt No Debt No Debt - No Debt

Competitive Comparison of Darat Jordan Holdings's Interest Coverage

For the Real Estate - Development subindustry, Darat Jordan Holdings'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.


Darat Jordan Holdings's Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Darat Jordan Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Darat Jordan Holdings's Interest Coverage falls into.



Darat Jordan Holdings 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.

Darat Jordan Holdings'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, Darat Jordan Holdings's Interest Expense was JOD-0.01 Mil. Its Operating Income was JOD-0.33 Mil. And its Long-Term Debt & Capital Lease Obligation was JOD0.00 Mil.

Darat Jordan Holdings did not have earnings to cover the interest expense.

Darat Jordan Holdings's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Darat Jordan Holdings's Interest Expense was JOD0.00 Mil. Its Operating Income was JOD-0.12 Mil. And its Long-Term Debt & Capital Lease Obligation was JOD0.00 Mil.

Darat Jordan Holdings had no debt (1).

* 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.


Darat Jordan Holdings  (AMM:DARA) 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 .


Darat Jordan Holdings Interest Coverage Related Terms

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


Darat Jordan Holdings (AMM:DARA) Business Description

Traded in Other Exchanges
N/A
Address
Khalda, King Abdullah the Second Street, P.O. Box 930428, Building 167 B- First Floor, Amman, JOR, 11193
Darat Jordan Holdings is an investment holding company. The group's objectives are to invest its funds and sources of financing in all types of available investments in different economic, financial, industrial, commercial, agriculture, real estate, tourism, and services sectors through its subsidiaries. It has three business segment namely Land Development, Financial Investments, and Other. The company derives the maximum revenue from Financial Investments segment.

Darat Jordan Holdings (AMM:DARA) Headlines