Dar Global (LSE:DAR) Interest Coverage : 18.69 (As of Dec. 2023)

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What is Dar Global 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. Dar Global's Operating Income for the six months ended in Dec. 2023 was $59.2 Mil. Dar Global's Interest Expense for the six months ended in Dec. 2023 was $-3.2 Mil. Dar Global's interest coverage for the quarter that ended in Dec. 2023 was 18.69. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Dar Global's Interest Coverage or its related term are showing as below:

LSE:DAR' s Interest Coverage Range Over the Past 10 Years
Min: 15.76 Med: 15.76 Max: 15.76
Current: 15.76

LSE:DAR's Interest Coverage is ranked better than
72.78% of 1326 companies
in the Real Estate industry
Industry Median: 3.995 vs LSE:DAR: 15.76

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

Dar Global Interest Coverage Historical Data

The historical data trend for Dar Global'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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Dar Global Interest Coverage Chart

Dar Global Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

15.76

Dar Global Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial			-	2.73	-	10.76	18.69

Competitive Comparison of Dar Global's Interest Coverage

For the Real Estate - Development subindustry, Dar Global'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.

Dar Global's Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Dar Global's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Dar Global's Interest Coverage falls into.

Dar Global 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.

Dar Global'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, Dar Global's Interest Expense was $-5.0 Mil. Its Operating Income was $79.1 Mil. And its Long-Term Debt & Capital Lease Obligation was $111.0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	79.146	/	-5.021
	=	15.76

Dar Global's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Dar Global's Interest Expense was $-3.2 Mil. Its Operating Income was $59.2 Mil. And its Long-Term Debt & Capital Lease Obligation was $111.0 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	59.206	/	-3.168
	=	18.69

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

Dar Global (LSE:DAR) 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 .

Dar Global Interest Coverage Related Terms

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

Dar Global (LSE:DAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Dar Global PLC (LSE:DAR) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

65 Gresham Street, Link Company Matters Limited, 6th Floor, London, GBR, EC2V 7NQ

Website

https://www.darglobal.co.uk

Dar Global PLC is an international real estate developer. The Group's business model focuses on development of real estate projects comprising second homes typically in prime locations in the Middle East and Europe.