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Future Arab Investment (AMM:FUTR) Interest Coverage : 3.55 (As of Dec. 2024)


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What is Future Arab Investment 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. Future Arab Investment's Operating Income for the three months ended in Dec. 2024 was JOD0.67 Mil. Future Arab Investment's Interest Expense for the three months ended in Dec. 2024 was JOD-0.19 Mil. Future Arab Investment's interest coverage for the quarter that ended in Dec. 2024 was 3.55. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Future Arab Investment's Interest Coverage or its related term are showing as below:

AMM:FUTR' s Interest Coverage Range Over the Past 10 Years
Min: 0.05   Med: 2.11   Max: No Debt
Current: 2.1


AMM:FUTR's Interest Coverage is ranked worse than
83.56% of 803 companies
in the Business Services industry
Industry Median: 13.26 vs AMM:FUTR: 2.10

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


Future Arab Investment Interest Coverage Historical Data

The historical data trend for Future Arab Investment'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.

Future Arab Investment Interest Coverage Chart

Future Arab Investment Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.37 2.39 0.35 2.11

Future Arab Investment Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 - 1.57 0.04 3.10 3.55

Competitive Comparison of Future Arab Investment's Interest Coverage

For the Specialty Business Services subindustry, Future Arab Investment'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.


Future Arab Investment's Interest Coverage Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Future Arab Investment's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Future Arab Investment's Interest Coverage falls into.


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Future Arab Investment 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.

Future Arab Investment'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, Future Arab Investment's Interest Expense was JOD-0.70 Mil. Its Operating Income was JOD1.47 Mil. And its Long-Term Debt & Capital Lease Obligation was JOD0.00 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2024 )/Interest Expense (A: Dec. 2024 )
=-1*1.466/-0.696
=2.11

Future Arab Investment's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the three months ended in Dec. 2024, Future Arab Investment's Interest Expense was JOD-0.19 Mil. Its Operating Income was JOD0.67 Mil. And its Long-Term Debt & Capital Lease Obligation was JOD0.00 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2024 )/Interest Expense (Q: Dec. 2024 )
=-1*0.671/-0.189
=3.55

* 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.


Future Arab Investment  (AMM:FUTR) 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 .


Future Arab Investment Interest Coverage Related Terms

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


Future Arab Investment Business Description

Traded in Other Exchanges
N/A
Address
128 Sharif Naser Street, Sport City Circle, P.O. Box 20082, Quqa Group Building, Al-Shimaisani, Amman, JOR, 11118
Future Arab Investment is a Jordan-based company engaged in the provision of investment project surveys. It is involved in the establishment, development, sale, rental, and management of movable and immovable properties; contribution to other companies; business development; and project management. The revenue is earned from the sale of vehicles, machines, and raw materials; rendering of services; and dividend and interest income.

Future Arab Investment Headlines

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