Al-Maidan Dental Clinic Co KSC (KUW:MIDAN) Interest Coverage : 73.94 (As of Dec. 2023)

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What is Al-Maidan Dental Clinic Co KSC 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. Al-Maidan Dental Clinic Co KSC's Operating Income for the three months ended in Dec. 2023 was KWD2.44 Mil. Al-Maidan Dental Clinic Co KSC's Interest Expense for the three months ended in Dec. 2023 was KWD-0.03 Mil. Al-Maidan Dental Clinic Co KSC's interest coverage for the quarter that ended in Dec. 2023 was 73.94. 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. Al-Maidan Dental Clinic Co KSC has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Al-Maidan Dental Clinic Co KSC's Interest Coverage or its related term are showing as below:

KUW:MIDAN' s Interest Coverage Range Over the Past 10 Years
Min: 6.97 Med: 60.4 Max: 207.7
Current: 116.9

KUW:MIDAN's Interest Coverage is ranked better than
84.31% of 408 companies
in the Healthcare Providers & Services industry
Industry Median: 8.91 vs KUW:MIDAN: 116.90

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

Al-Maidan Dental Clinic Co KSC Interest Coverage Historical Data

The historical data trend for Al-Maidan Dental Clinic Co KSC'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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Al-Maidan Dental Clinic Co KSC Interest Coverage Chart

Al-Maidan Dental Clinic Co KSC Annual Data

Trend

Dec10

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

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207.70

47.70

60.40

135.88

132.79

Al-Maidan Dental Clinic Co KSC 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															81.00	245.12	95.76	115.69	73.94

Competitive Comparison of Al-Maidan Dental Clinic Co KSC's Interest Coverage

For the Medical Care Facilities subindustry, Al-Maidan Dental Clinic Co KSC'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.

Al-Maidan Dental Clinic Co KSC's Interest Coverage Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Al-Maidan Dental Clinic Co KSC's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Al-Maidan Dental Clinic Co KSC's Interest Coverage falls into.

Al-Maidan Dental Clinic Co KSC 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.

Al-Maidan Dental Clinic Co KSC's Interest Coverage for the fiscal year that ended in Mar. 2023 is calculated as

Here, for the fiscal year that ended in Mar. 2023, Al-Maidan Dental Clinic Co KSC's Interest Expense was KWD-0.10 Mil. Its Operating Income was KWD13.15 Mil. And its Long-Term Debt & Capital Lease Obligation was KWD1.21 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	13.146	/	-0.099
	=	132.79

Al-Maidan Dental Clinic Co KSC's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Al-Maidan Dental Clinic Co KSC's Interest Expense was KWD-0.03 Mil. Its Operating Income was KWD2.44 Mil. And its Long-Term Debt & Capital Lease Obligation was KWD1.37 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	2.44	/	-0.033
	=	73.94

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

Al-Maidan Dental Clinic Co KSC (KUW:MIDAN) 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 .

Al-Maidan Dental Clinic Co KSC Interest Coverage Related Terms

Thank you for viewing the detailed overview of Al-Maidan Dental Clinic Co KSC's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Al-Maidan Dental Clinic Co KSC (KUW:MIDAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Al-Maidan Dental Clinic Co KSC (KUW:MIDAN) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Khalid lbn Al-Waleed Street, P.O. Box 606, Floor 32, KBT Tower, Al-Merqab, Opposite to Behbehani Round-about, Kuwait City, KWT, 15457

Website

https://www.maidangroup.com

Al-Maidan Dental Clinic Co KSC owns and operates dental centers. The company operates in two segments: Clinics and Hospitals. Clinics provide services relating to oral health care, diagnosis, consultations and treatment to outpatients with specialty in dental treatment. The hospital segment generates the majority of revenue for the firm, which includes services relating to medical diagnosis, health care, consultations, surgical and treatment to both outpatients and inpatients with various specialties. Geographically, all of its operations are conducted in the State of Kuwait.

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