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Al-Ameen for Insurance (IQS:NAME) Interest Coverage : 0 (At Loss) (As of . 20)


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What is Al-Ameen for Insurance 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 EBIT by its Interest Expense. Al-Ameen for Insurance's EBIT for the three months ended in . 20 was ع.د0.00 Mil. Al-Ameen for Insurance's Interest Expense for the three months ended in . 20 was ع.د0.00 Mil. did not have earnings to cover the interest expense. 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 Al-Ameen for Insurance's Interest Coverage or its related term are showing as below:


IQS:NAME's Interest Coverage is not ranked *
in the Insurance industry.
Industry Median: 14.475
* 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.


Al-Ameen for Insurance Interest Coverage Historical Data

The historical data trend for Al-Ameen for Insurance'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.

Al-Ameen for Insurance Interest Coverage Chart

Al-Ameen for Insurance Annual Data
Trend
Interest Coverage

Al-Ameen for Insurance Quarterly Data
Interest Coverage

Competitive Comparison of Al-Ameen for Insurance's Interest Coverage

For the Insurance - Diversified subindustry, Al-Ameen for Insurance'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.


Al-Ameen for Insurance's Interest Coverage Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Al-Ameen for Insurance's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Al-Ameen for Insurance's Interest Coverage falls into.



Al-Ameen for Insurance 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 EBIT is positive, then

Interest Coverage=-1* EBIT /Interest Expense

Else if Interest Expense is negative and EBIT 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.

Al-Ameen for Insurance's Interest Coverage for the fiscal year that ended in . 20 is calculated as

Here, for the fiscal year that ended in . 20, Al-Ameen for Insurance's Interest Expense was ع.د0.00 Mil. Its EBIT was ع.د0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was ع.د0.00 Mil.

Al-Ameen for Insurance had no debt (1).

Al-Ameen for Insurance's Interest Coverage for the quarter that ended in . 20 is calculated as

Here, for the three months ended in . 20, Al-Ameen for Insurance's Interest Expense was ع.د0.00 Mil. Its EBIT was ع.د0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was ع.د0.00 Mil.

Al-Ameen for Insurance had no debt (1).

* 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.


Al-Ameen for Insurance  (IQS:NAME) 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 .


Al-Ameen for Insurance Interest Coverage Related Terms

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Al-Ameen for Insurance (IQS:NAME) Business Description

Traded in Other Exchanges
N/A
Address
Al-Masbeh, Street 17, Sector 903, Building 12, Baghdad, IRQ
Website
Al-Ameen for Insurance offers a range of insurance products and services to individuals and corporates throughout Iraq. Its offerings include marine, engineering, motor, life, as well as health insurance.

Al-Ameen for Insurance (IQS:NAME) Headlines

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