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The National Detergent CoOG (MUS:NDTI) Interest Coverage : 6.70 (As of Jun. 2018)


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What is The National Detergent 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. The National Detergent CoOG's Operating Income for the three months ended in Jun. 2018 was ر.ع0.36 Mil. The National Detergent CoOG's Interest Expense for the three months ended in Jun. 2018 was ر.ع-0.05 Mil. The National Detergent CoOG's interest coverage for the quarter that ended in Jun. 2018 was 6.70. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for The National Detergent CoOG's Interest Coverage or its related term are showing as below:


MUS:NDTI's Interest Coverage is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 8.635
* 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.


The National Detergent CoOG Interest Coverage Historical Data

The historical data trend for The National Detergent 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.

The National Detergent CoOG Interest Coverage Chart

The National Detergent CoOG Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.58 5.56 4.62 7.48 5.69

The National Detergent CoOG Quarterly Data
Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.30 6.10 4.22 10.75 6.70

Competitive Comparison of The National Detergent CoOG's Interest Coverage

For the Household & Personal Products subindustry, The National Detergent 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.


The National Detergent CoOG's Interest Coverage Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, The National Detergent CoOG's Interest Coverage distribution charts can be found below:

* The bar in red indicates where The National Detergent CoOG's Interest Coverage falls into.



The National Detergent 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.

The National Detergent CoOG's Interest Coverage for the fiscal year that ended in Dec. 2017 is calculated as

Here, for the fiscal year that ended in Dec. 2017, The National Detergent CoOG's Interest Expense was ر.ع-0.23 Mil. Its Operating Income was ر.ع1.29 Mil. And its Long-Term Debt & Capital Lease Obligation was ر.ع1.37 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2017 )/Interest Expense (A: Dec. 2017 )
=-1*1.286/-0.226
=5.69

The National Detergent CoOG's Interest Coverage for the quarter that ended in Jun. 2018 is calculated as

Here, for the three months ended in Jun. 2018, The National Detergent CoOG's Interest Expense was ر.ع-0.05 Mil. Its Operating Income was ر.ع0.36 Mil. And its Long-Term Debt & Capital Lease Obligation was ر.ع1.00 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2018 )/Interest Expense (Q: Jun. 2018 )
=-1*0.362/-0.054
=6.70

* 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.


The National Detergent CoOG  (MUS:NDTI) 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 .


The National Detergent CoOG Interest Coverage Related Terms

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


The National Detergent CoOG (MUS:NDTI) Business Description

Traded in Other Exchanges
N/A
Address
Ruwi, PO Box 3104, Muscat, OMN, PC 112
The National Detergent Co SAOG manufactures and distributes detergent powders, liquid detergents, toilet soaps, shampoos, and other industrial cleaners. The company is in the cleaning care solutions industry. It operates in business segments that are Consumer Products; which is engaged in the manufacture, marketing and distribution of detergent powders, liquid detergents, hand wash liquids, toilet soaps, and fabric care, and Sulphonation segment; which is engaged in the manufacture of Sulphonic Acid, a surface active agent used in the detergent. The consumer product segment earns maximum revenue for the company. Geographically the company provides its product throughout Oman region.

The National Detergent CoOG (MUS:NDTI) Headlines

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