Automated Systems Company (K.S.C.C) (KUW:ASC) Interest Coverage : No Debt ⁽¹⁾ (As of Sep. 2024)

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What is Automated Systems Company (K.S.C.C) 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. Automated Systems Company (K.S.C.C)'s Operating Income for the three months ended in Sep. 2024 was KWD-0.11 Mil. Automated Systems Company (K.S.C.C)'s Interest Expense for the three months ended in Sep. 2024 was KWD0.00 Mil. Automated Systems Company (K.S.C.C) has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Automated Systems Company Ltd (K.S.C.C) has no debt.

(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 Automated Systems Company (K.S.C.C)'s Interest Coverage or its related term are showing as below:

KUW:ASC' s Interest Coverage Range Over the Past 10 Years
Min: 13.34 Med: No Debt Max: No Debt
Current: No Debt

KUW:ASC's Interest Coverage is ranked better than
99.01% of 1617 companies
in the Software industry
Industry Median: 27.91 vs KUW:ASC: No Debt

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

Automated Systems Company (K.S.C.C) Interest Coverage Historical Data

The historical data trend for Automated Systems Company (K.S.C.C)'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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Automated Systems Company (K.S.C.C) Interest Coverage Chart

Automated Systems Company (K.S.C.C) Annual Data

Trend

Dec13

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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No Debt

Automated Systems Company (K.S.C.C) Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Coverage	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Automated Systems Company (K.S.C.C)'s Interest Coverage

For the Software - Infrastructure subindustry, Automated Systems Company (K.S.C.C)'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.

Automated Systems Company (K.S.C.C)'s Interest Coverage Distribution in the Software Industry

For the Software industry and Technology sector, Automated Systems Company (K.S.C.C)'s Interest Coverage distribution charts can be found below:

* The bar in red indicates where Automated Systems Company (K.S.C.C)'s Interest Coverage falls into.

Automated Systems Company (K.S.C.C) 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.

Automated Systems Company (K.S.C.C)'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, Automated Systems Company (K.S.C.C)'s Interest Expense was KWD0.00 Mil. Its Operating Income was KWD-0.39 Mil. And its Long-Term Debt & Capital Lease Obligation was KWD0.00 Mil.

Automated Systems Company (K.S.C.C) had no debt ⁽¹⁾.

Automated Systems Company (K.S.C.C)'s Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the three months ended in Sep. 2024, Automated Systems Company (K.S.C.C)'s Interest Expense was KWD0.00 Mil. Its Operating Income was KWD-0.11 Mil. And its Long-Term Debt & Capital Lease Obligation was KWD0.00 Mil.

Automated Systems Company (K.S.C.C) had no debt ⁽¹⁾.

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

Automated Systems Company (K.S.C.C) (KUW:ASC) 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 .

Automated Systems Company (K.S.C.C) Interest Coverage Related Terms

Thank you for viewing the detailed overview of Automated Systems Company (K.S.C.C)'s Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Automated Systems Company (K.S.C.C) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Automated Systems Company Ltd (K.S.C.C) (KUW:ASC) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Free zone, Future Area, P.O.Box 27159, Plot No. 28B / 29B, Safat, Kuwait, KWT, 13132

Website

http://www.asc-me.net

Automated Systems Company Ltd (K.S.C.C) operates in the IT (information technology) sector. It provides full end-to-end solution starting from cabling and network infrastructure up to the level of enterprise resource planning (ERP) implementation through specialized engineers. Its business activities are divided into three divisions including Global Distribution Systems, Services & Solutions and Engineering Solutions. The company offers various services including systems integration, in-house developed application and mobility solutions, IT managed services, consulting services, cloud computing, among others.