Sembcorplalah Power & Water CompanyOG (MUS:SSPW) Interest Coverage : 3.58 (As of Mar. 2024)

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What is Sembcorplalah Power & Water CompanyOG 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. Sembcorplalah Power & Water CompanyOG's Operating Income for the three months ended in Mar. 2024 was ر.ع6.91 Mil. Sembcorplalah Power & Water CompanyOG's Interest Expense for the three months ended in Mar. 2024 was ر.ع-1.93 Mil. Sembcorplalah Power & Water CompanyOG's interest coverage for the quarter that ended in Mar. 2024 was 3.58. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Sembcorplalah Power & Water CompanyOG's Interest Coverage or its related term are showing as below:

MUS:SSPW' s Interest Coverage Range Over the Past 10 Years
Min: 1.75 Med: 2.24 Max: 4.11
Current: 4.03

MUS:SSPW's Interest Coverage is ranked better than
58.84% of 328 companies
in the Utilities - Independent Power Producers industry
Industry Median: 3.2 vs MUS:SSPW: 4.03

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

Sembcorplalah Power & Water CompanyOG Interest Coverage Historical Data

The historical data trend for Sembcorplalah Power & Water CompanyOG'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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Sembcorplalah Power & Water CompanyOG Interest Coverage Chart

Sembcorplalah Power & Water CompanyOG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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2.34

2.72

3.13

3.68

4.11

Sembcorplalah Power & Water CompanyOG Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial															3.87	4.73	3.81	4.02	3.58

Competitive Comparison of Sembcorplalah Power & Water CompanyOG's Interest Coverage

For the Utilities - Independent Power Producers subindustry, Sembcorplalah Power & Water CompanyOG'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.

Sembcorplalah Power & Water CompanyOG's Interest Coverage Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Sembcorplalah Power & Water CompanyOG's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Sembcorplalah Power & Water CompanyOG's Interest Coverage falls into.

Sembcorplalah Power & Water CompanyOG 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.

Sembcorplalah Power & Water CompanyOG'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, Sembcorplalah Power & Water CompanyOG's Interest Expense was ر.ع-7.03 Mil. Its Operating Income was ر.ع28.91 Mil. And its Long-Term Debt & Capital Lease Obligation was ر.ع51.38 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	28.907	/	-7.028
	=	4.11

Sembcorplalah Power & Water CompanyOG's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Sembcorplalah Power & Water CompanyOG's Interest Expense was ر.ع-1.93 Mil. Its Operating Income was ر.ع6.91 Mil. And its Long-Term Debt & Capital Lease Obligation was ر.ع39.05 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	6.908	/	-1.927
	=	3.58

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

Sembcorplalah Power & Water CompanyOG (MUS:SSPW) 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 .

Sembcorplalah Power & Water CompanyOG Interest Coverage Related Terms

Thank you for viewing the detailed overview of Sembcorplalah Power & Water CompanyOG's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Sembcorplalah Power & Water CompanyOG (MUS:SSPW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Sembcorp Salalah Power & Water Company SAOG (MUS:SSPW) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

PO Box 1466, Salalah, OMN, 211

Website

https://www.sembcorpsalalah.com.om

Sembcorp Salalah Power & Water Company SAOG develops, owns, and operates an electricity generation and seawater desalination plant located between the towns of Taqah and Mirbat. The plant is in commercial operation and has a contracted power capacity of 445MW and a contracted water capacity of 15 MiGD. The plant meets the growing power and water demands of the region over the short, medium, and long term. The company generates its revenues pursuant to a 15-year term PWPA with Oman Power & Water Procurement Company. Under the terms of the PWPA, the plant's contracted power and water capacity are sold exclusively to OPWP on a long-term take-or-pay basis.

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