Phoenix Group (ADX:PHX) Interest Coverage : 1.77 (As of Sep. 2024)

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What is Phoenix Group 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. Phoenix Group's Operating Income for the three months ended in Sep. 2024 was د.إ62 Mil. Phoenix Group's Interest Expense for the three months ended in Sep. 2024 was د.إ-35 Mil. Phoenix Group's interest coverage for the quarter that ended in Sep. 2024 was 1.77. The higher the ratio, the stronger the company's financial strength is.

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

ADX:PHX' s Interest Coverage Range Over the Past 10 Years
Min: 1.92 Med: 129.6 Max: 151.16
Current: 1.92

ADX:PHX's Interest Coverage is ranked worse than
88.75% of 1582 companies
in the Hardware industry
Industry Median: 13.475 vs ADX:PHX: 1.92

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

Phoenix Group Interest Coverage Historical Data

The historical data trend for Phoenix Group'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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Phoenix Group Interest Coverage Chart

Phoenix Group Annual Data

Trend

Dec21

Dec22

Dec23

Interest Coverage

35.95

129.60

151.16

Phoenix Group Quarterly Data
	Dec21	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Coverage	Get a 7-Day Free Trial				289.65	107.77	-	1.13	1.77

Competitive Comparison of Phoenix Group's Interest Coverage

For the Electronics & Computer Distribution subindustry, Phoenix Group'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.

Phoenix Group's Interest Coverage Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Phoenix Group's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Phoenix Group's Interest Coverage falls into.

Phoenix Group 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.

Phoenix Group'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, Phoenix Group's Interest Expense was د.إ-1 Mil. Its Operating Income was د.إ185 Mil. And its Long-Term Debt & Capital Lease Obligation was د.إ14 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	184.873	/	-1.223
	=	151.16

Phoenix Group's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the three months ended in Sep. 2024, Phoenix Group's Interest Expense was د.إ-35 Mil. Its Operating Income was د.إ62 Mil. And its Long-Term Debt & Capital Lease Obligation was د.إ13 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	61.637	/	-34.89
	=	1.77

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

Phoenix Group (ADX:PHX) 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 .

Phoenix Group Interest Coverage Related Terms

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Phoenix Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Phoenix Group PLC (ADX:PHX) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3412. ResCo-Work 10, 34 Floor, Al Maqam Tower, ADGM Square, Al Maryah Island, Abu Dhabi, ARE

Website

https://www.phoenixgroupuae.com

Phoenix Group PLC is a technology conglomerate bringing blockchain solutions to an expansive market. The Group develops, operates, and manages specialized data centres, hosting class performance computing power for digital asset across the UAE, Oman, U.S. and Canada. Additionally, it also hosts, operates and maintains equipment within its existing data centres and enables investment opportunities within cloud mining. The Group is the exclusive distributor of equipment manufacturer MicroBT and prominent distributor of Digital wallet Ledgers and CoolWallets, across the Middle East. The Group has four business verticals including trading, hosting, mining and investments.