Al Maha Petroleum Products Marketing CoOG (MUS:MHAS) Interest Coverage : 5.13 (As of Dec. 2023)

View and export this data going back to 2004. Start your Free Trial

What is Al Maha Petroleum Products Marketing CoOG 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. Al Maha Petroleum Products Marketing CoOG's Operating Income for the three months ended in Dec. 2023 was ر.ع4.6 Mil. Al Maha Petroleum Products Marketing CoOG's Interest Expense for the three months ended in Dec. 2023 was ر.ع-0.9 Mil. Al Maha Petroleum Products Marketing CoOG's interest coverage for the quarter that ended in Dec. 2023 was 5.13. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Al Maha Petroleum Products Marketing CoOG's Interest Coverage or its related term are showing as below:

MUS:MHAS' s Interest Coverage Range Over the Past 10 Years
Min: 1.26 Med: 7.87 Max: 66.49
Current: 2.5

MUS:MHAS's Interest Coverage is ranked worse than
79.63% of 761 companies
in the Oil & Gas industry
Industry Median: 6.64 vs MUS:MHAS: 2.50

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 Maha Petroleum Products Marketing CoOG Interest Coverage Historical Data

The historical data trend for Al Maha Petroleum Products Marketing CoOG'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 Maha Petroleum Products Marketing CoOG Interest Coverage Chart

Al Maha Petroleum Products Marketing CoOG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

1.26

3.66

2.50

Al Maha Petroleum Products Marketing CoOG 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															8.33	0.97	0.80	1.95	5.13

Competitive Comparison of Al Maha Petroleum Products Marketing CoOG's Interest Coverage

For the Oil & Gas Refining & Marketing subindustry, Al Maha Petroleum Products Marketing CoOG'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 Maha Petroleum Products Marketing CoOG's Interest Coverage Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Al Maha Petroleum Products Marketing CoOG's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Al Maha Petroleum Products Marketing CoOG's Interest Coverage falls into.

Al Maha Petroleum Products Marketing CoOG 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.

Al Maha Petroleum Products Marketing CoOG'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, Al Maha Petroleum Products Marketing CoOG's Interest Expense was ر.ع-2.8 Mil. Its Operating Income was ر.ع7.1 Mil. And its Long-Term Debt & Capital Lease Obligation was ر.ع6.2 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	7.085	/	-2.838
	=	2.50

Al Maha Petroleum Products Marketing CoOG's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Al Maha Petroleum Products Marketing CoOG's Interest Expense was ر.ع-0.9 Mil. Its Operating Income was ر.ع4.6 Mil. And its Long-Term Debt & Capital Lease Obligation was ر.ع6.2 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	4.563	/	-0.89
	=	5.13

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

Al Maha Petroleum Products Marketing CoOG (MUS:MHAS) 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 Maha Petroleum Products Marketing CoOG Interest Coverage Related Terms

Thank you for viewing the detailed overview of Al Maha Petroleum Products Marketing CoOG's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Al Maha Petroleum Products Marketing CoOG (MUS:MHAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Al Maha Petroleum Products Marketing Co SAOG (MUS:MHAS) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mina Al Fahal, P.O. Box 57, Mina Al Fahal, OMN, 116

Website

https://www.almaha.com.om

Al Maha Petroleum Products Marketing Co SAOG markets and distributes petroleum products. It supplies fuel and petroleum-based products to retail, industrial, and aviation markets and offers environment-friendly oil and lubricants through its service stations. The company maintains a network of service stations throughout Oman. Its product portfolio covers Gasoline, Diesel, Aviation fuel, Kerosene, and Lubricants. The company operates its business through the segments of Retail sales, Commercial sales, and Other sales. The retail sales segment derives key revenue for the company which includes sales made through company-operated stations, dealer-operated stations, and third-party-operated stations.

Al Maha Petroleum Products Marketing CoOG (MUS:MHAS) Headlines

No Headlines