United Projects Co for Aviation Services KSCC (KUW:UPAC) Interest Coverage : 160.17 (As of Dec. 2023)

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What is United Projects Co for Aviation Services KSCC 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. United Projects Co for Aviation Services KSCC's Operating Income for the three months ended in Dec. 2023 was KWD0.96 Mil. United Projects Co for Aviation Services KSCC's Interest Expense for the three months ended in Dec. 2023 was KWD-0.01 Mil. United Projects Co for Aviation Services KSCC's interest coverage for the quarter that ended in Dec. 2023 was 160.17. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for United Projects Co for Aviation Services KSCC's Interest Coverage or its related term are showing as below:

KUW:UPAC' s Interest Coverage Range Over the Past 10 Years
Min: 1.23 Med: 122.12 Max: No Debt
Current: 124.51

KUW:UPAC's Interest Coverage is ranked better than
93.41% of 819 companies
in the Transportation industry
Industry Median: 5.5 vs KUW:UPAC: 124.51

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

United Projects Co for Aviation Services KSCC Interest Coverage Historical Data

The historical data trend for United Projects Co for Aviation Services KSCC'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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United Projects Co for Aviation Services KSCC Interest Coverage Chart

United Projects Co for Aviation Services KSCC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

3.06

1.23

3.01

122.12

United Projects Co for Aviation Services KSCC 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															36.73	64.89	68.94	304.90	160.17

Competitive Comparison of United Projects Co for Aviation Services KSCC's Interest Coverage

For the Airports & Air Services subindustry, United Projects Co for Aviation Services KSCC'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.

United Projects Co for Aviation Services KSCC's Interest Coverage Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, United Projects Co for Aviation Services KSCC's Interest Coverage distribution charts can be found below:

* The bar in red indicates where United Projects Co for Aviation Services KSCC's Interest Coverage falls into.

United Projects Co for Aviation Services KSCC 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.

United Projects Co for Aviation Services KSCC'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, United Projects Co for Aviation Services KSCC's Interest Expense was KWD-0.05 Mil. Its Operating Income was KWD6.35 Mil. And its Long-Term Debt & Capital Lease Obligation was KWD0.00 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	6.35	/	-0.052
	=	122.12

United Projects Co for Aviation Services KSCC's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, United Projects Co for Aviation Services KSCC's Interest Expense was KWD-0.01 Mil. Its Operating Income was KWD0.96 Mil. And its Long-Term Debt & Capital Lease Obligation was KWD0.00 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	0.961	/	-0.006
	=	160.17

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

United Projects Co for Aviation Services KSCC (KUW:UPAC) 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 .

United Projects Co for Aviation Services KSCC Interest Coverage Related Terms

Thank you for viewing the detailed overview of United Projects Co for Aviation Services KSCC's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

United Projects Co for Aviation Services KSCC (KUW:UPAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » United Projects Co for Aviation Services KSCC (KUW:UPAC) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

Kuwait International Airport, Mezzanine Parking, P. O. Box 27068, Safat, Kuwait, KWT, 13131

Website

https://www.upac.com.kw

United Projects Co for Aviation Services KSCC is a Kuwait-based company. Its services include project management and consultancy, real estate development, and property and facilities management. The company's services are used by retailers, food and beverage companies, airline companies, and financial institutions. The company operates in two business segments. Investments consist of investing in Reem Mall and surplus funds in investment portfolios. Service operations consist of managing projects and providing airplane ground and cleaning services among other services. The service operations segment generates maximum revenue for the company. Their projects portfolio includes Airport Mall and Facilities, Sheikh Saad Terminal, Discovery Center, and Reem Mall.

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