ADNOC Gas (ADX:ADNOCGAS) Interest Coverage : 33.59 (As of Mar. 2025)

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What is ADNOC Gas 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. ADNOC Gas's Operating Income for the three months ended in Mar. 2025 was د.إ5,597 Mil. ADNOC Gas's Interest Expense for the three months ended in Mar. 2025 was د.إ-167 Mil. ADNOC Gas's interest coverage for the quarter that ended in Mar. 2025 was 33.59. 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. ADNOC Gas PLC has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for ADNOC Gas's Interest Coverage or its related term are showing as below:

ADX:ADNOCGAS' s Interest Coverage Range Over the Past 10 Years
Min: 61.74 Med: 90.06 Max: 160.42
Current: 117.18

ADX:ADNOCGAS's Interest Coverage is ranked better than
85.63% of 717 companies
in the Oil & Gas industry
Industry Median: 5.96 vs ADX:ADNOCGAS: 117.18

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

ADNOC Gas Interest Coverage Historical Data

The historical data trend for ADNOC Gas'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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ADNOC Gas Interest Coverage Chart

ADNOC Gas Annual Data

Trend

Dec20

Dec21

Dec23

Dec24

Interest Coverage

90.06

61.74

160.42

ADNOC Gas Quarterly Data
	Dec20	Dec21	Oct22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Interest Coverage	Get a 7-Day Free Trial							69.71	35.09	17.91	-	33.59

Competitive Comparison of ADNOC Gas's Interest Coverage

For the Oil & Gas Integrated subindustry, ADNOC Gas'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.

ADNOC Gas's Interest Coverage Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, ADNOC Gas's Interest Coverage distribution charts can be found below:

* The bar in red indicates where ADNOC Gas's Interest Coverage falls into.

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ADNOC Gas 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.

ADNOC Gas's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, ADNOC Gas's Interest Expense was د.إ-130 Mil. Its Operating Income was د.إ20,913 Mil. And its Long-Term Debt & Capital Lease Obligation was د.إ96 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2024 )	/	Interest Expense (A: Dec. 2024 )
	=	-1	*	20913.357	/	-130.368
	=	160.42

ADNOC Gas's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the three months ended in Mar. 2025, ADNOC Gas's Interest Expense was د.إ-167 Mil. Its Operating Income was د.إ5,597 Mil. And its Long-Term Debt & Capital Lease Obligation was د.إ63 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2025 )	/	Interest Expense (Q: Mar. 2025 )
	=	-1	*	5596.789	/	-166.599
	=	33.59

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

ADNOC Gas (ADX:ADNOCGAS) 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 .

ADNOC Gas Interest Coverage Related Terms

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

ADNOC Gas Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ADNOC Gas PLC (ADX:ADNOCGAS) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Khalifa Street, Sheikh Khalifa Energy Complex 1, Abu Dhabi, ARE

Website

https://adnocgas.ae

ADNOC Gas PLC is an integrated gas processing company. The Company is responsible for producing, processing, distributing, and marketing natural gas and its derivatives in the UAE and abroad. The company Gas operates a network of pipelines, processing plants, storage facilities, and export terminals that supply gas to various sectors, including power generation, water desalination, petrochemicals, industries, and households. The Company also exports liquefied natural gas (LNG) and liquefied petroleum gas (LPG) to regional and international markets.

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