Ras Al Khaimah Co for White Cementnstruction Materials (ADX:RAKWCT) Interest Coverage : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Ras Al Khaimah Co for White Cementnstruction Materials 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. Ras Al Khaimah Co for White Cementnstruction Materials's Operating Income for the three months ended in Dec. 2023 was د.إ7.4 Mil. Ras Al Khaimah Co for White Cementnstruction Materials's Interest Expense for the three months ended in Dec. 2023 was د.إ0.0 Mil. Ras Al Khaimah Co for White Cementnstruction Materials 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 Ras Al Khaimah Co for White Cementnstruction Materials's Interest Coverage or its related term are showing as below:

ADX:RAKWCT's Interest Coverage is not ranked ^*
in the Building Materials industry.
Industry Median: 6.155
* 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.

Ras Al Khaimah Co for White Cementnstruction Materials Interest Coverage Historical Data

The historical data trend for Ras Al Khaimah Co for White Cementnstruction Materials'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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Ras Al Khaimah Co for White Cementnstruction Materials Interest Coverage Chart

Ras Al Khaimah Co for White Cementnstruction Materials Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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2.30

5.04

9.32

16.48

19.73

Ras Al Khaimah Co for White Cementnstruction Materials 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															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Ras Al Khaimah Co for White Cementnstruction Materials's Interest Coverage

For the Building Materials subindustry, Ras Al Khaimah Co for White Cementnstruction Materials'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.

Ras Al Khaimah Co for White Cementnstruction Materials's Interest Coverage Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Ras Al Khaimah Co for White Cementnstruction Materials's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Ras Al Khaimah Co for White Cementnstruction Materials's Interest Coverage falls into.

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Ras Al Khaimah Co for White Cementnstruction Materials 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.

Ras Al Khaimah Co for White Cementnstruction Materials'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, Ras Al Khaimah Co for White Cementnstruction Materials's Interest Expense was د.إ-0.5 Mil. Its Operating Income was د.إ10.8 Mil. And its Long-Term Debt & Capital Lease Obligation was د.إ0.0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	10.751	/	-0.545
	=	19.73

Ras Al Khaimah Co for White Cementnstruction Materials's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Ras Al Khaimah Co for White Cementnstruction Materials's Interest Expense was د.إ0.0 Mil. Its Operating Income was د.إ7.4 Mil. And its Long-Term Debt & Capital Lease Obligation was د.إ0.0 Mil.

Ras Al Khaimah Co for White Cementnstruction Materials had no debt ⁽¹⁾.

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

Ras Al Khaimah Co for White Cementnstruction Materials (ADX:RAKWCT) 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 .

Ras Al Khaimah Co for White Cementnstruction Materials Interest Coverage Related Terms

Thank you for viewing the detailed overview of Ras Al Khaimah Co for White Cementnstruction Materials's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Ras Al Khaimah Co for White Cementnstruction Materials Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Ras Al Khaimah Co for White Cement & Construction Materials (ADX:RAKWCT) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 1492, Ras Al Khaimah, ARE

Website

https://www.rakwhitecement.ae

Ras Al Khaimah Co for White Cement & Construction Materials is engaged in the production of cement, building materials, and lime. The principal activities of the company are to manufacture and supply white cement, lime, and cement products. The company operates through two business segments which include Manufacturing and Investments. The manufacturing segment which generates the majority of the company's revenue. represents the manufacture and distribution of cement products, concrete blocks, and interlock tiles. The investment segment consists of investments in marketable equity securities and deposits with banks. Geographically, the company derives its key revenue from India and the rest from Jordan, Yemen, United Arab Emirates, and other countries.

Ras Al Khaimah Co for White Cementnstruction Materials Headlines

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Ras Al Khaimah Co for White Cementnstruction Materials (ADX:RAKWCT) Interest Coverage : No Debt (1) (As of Dec. 2023)