Ad-Dulayl Industrial Park & Real Estate Co (AMM:IDMC) Interest Coverage : 6.85 (As of Mar. 2024)

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What is Ad-Dulayl Industrial Park & Real Estate Co 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. Ad-Dulayl Industrial Park & Real Estate Co's Operating Income for the three months ended in Mar. 2024 was JOD0.37 Mil. Ad-Dulayl Industrial Park & Real Estate Co's Interest Expense for the three months ended in Mar. 2024 was JOD-0.05 Mil. Ad-Dulayl Industrial Park & Real Estate Co's interest coverage for the quarter that ended in Mar. 2024 was 6.85. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Ad-Dulayl Industrial Park & Real Estate Co's Interest Coverage or its related term are showing as below:

AMM:IDMC' s Interest Coverage Range Over the Past 10 Years
Min: 0.22 Med: 5.2 Max: 19.66
Current: 6.57

AMM:IDMC's Interest Coverage is ranked better than
60.51% of 1332 companies
in the Real Estate industry
Industry Median: 4.01 vs AMM:IDMC: 6.57

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

Ad-Dulayl Industrial Park & Real Estate Co Interest Coverage Historical Data

The historical data trend for Ad-Dulayl Industrial Park & Real Estate Co'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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Ad-Dulayl Industrial Park & Real Estate Co Interest Coverage Chart

Ad-Dulayl Industrial Park & Real Estate Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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5.67

7.20

16.25

19.66

8.11

Ad-Dulayl Industrial Park & Real Estate Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial															29.54	6.83	6.90	5.67	6.85

Competitive Comparison of Ad-Dulayl Industrial Park & Real Estate Co's Interest Coverage

For the Real Estate Services subindustry, Ad-Dulayl Industrial Park & Real Estate Co'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.

Ad-Dulayl Industrial Park & Real Estate Co's Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Ad-Dulayl Industrial Park & Real Estate Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Ad-Dulayl Industrial Park & Real Estate Co's Interest Coverage falls into.

Ad-Dulayl Industrial Park & Real Estate Co 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.

Ad-Dulayl Industrial Park & Real Estate Co'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, Ad-Dulayl Industrial Park & Real Estate Co's Interest Expense was JOD-0.18 Mil. Its Operating Income was JOD1.49 Mil. And its Long-Term Debt & Capital Lease Obligation was JOD2.88 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	1.492	/	-0.184
	=	8.11

Ad-Dulayl Industrial Park & Real Estate Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Ad-Dulayl Industrial Park & Real Estate Co's Interest Expense was JOD-0.05 Mil. Its Operating Income was JOD0.37 Mil. And its Long-Term Debt & Capital Lease Obligation was JOD2.80 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	0.37	/	-0.054
	=	6.85

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

Ad-Dulayl Industrial Park & Real Estate Co (AMM:IDMC) 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 .

Ad-Dulayl Industrial Park & Real Estate Co Interest Coverage Related Terms

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Ad-Dulayl Industrial Park & Real Estate Co (AMM:IDMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Ad-Dulayl Industrial Park & Real Estate Co (AMM:IDMC) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dabbas International Group Building No. 11, Jabal Amman - Third Circle, Amman, JOR

Website

http://www.dleil.com

Ad-Dulayl Industrial Park & Real Estate Co is a real estate developer. Its activities and services include building and renting ready-made factory warehouse buildings, selling land to different investors, and others. It also manufactures liquid chemical cleaners. Its main activity is to build and operate the industrial park areas in the Hashemite Kingdom of Jordan, as well as sell and lease these industrial park areas to others, establish industry activity supporting the garment sector, also working on creating free zones, and providing the necessary services to operate these areas. The Company works on a single geographic area which is the Hashemite Kingdom of Jordan.

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