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Takaful Oman InsuranceOG (MUS:TAOI) Interest Coverage : No Debt (1) (As of Dec. 2017)


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What is Takaful Oman InsuranceOG 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 EBIT by its Interest Expense. Takaful Oman InsuranceOG's EBIT for the three months ended in Dec. 2017 was ر.ع0.00 Mil. Takaful Oman InsuranceOG's Interest Expense for the three months ended in Dec. 2017 was ر.ع0.00 Mil. Takaful Oman InsuranceOG has no debt. The higher the ratio, the stronger the company's financial strength is.

(1) 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.

The historical rank and industry rank for Takaful Oman InsuranceOG's Interest Coverage or its related term are showing as below:


MUS:TAOI's Interest Coverage is not ranked *
in the Insurance industry.
Industry Median: 14.23
* 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.


Takaful Oman InsuranceOG Interest Coverage Historical Data

The historical data trend for Takaful Oman InsuranceOG'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.

Takaful Oman InsuranceOG Interest Coverage Chart

Takaful Oman InsuranceOG Annual Data
Trend Dec14 Dec15 Dec16 Dec17
Interest Coverage
No Debt No Debt No Debt No Debt

Takaful Oman InsuranceOG Quarterly Data
Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17
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 No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of Takaful Oman InsuranceOG's Interest Coverage

For the Insurance - Diversified subindustry, Takaful Oman InsuranceOG'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.


Takaful Oman InsuranceOG's Interest Coverage Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Takaful Oman InsuranceOG's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Takaful Oman InsuranceOG's Interest Coverage falls into.



Takaful Oman InsuranceOG 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 EBIT is positive, then

Interest Coverage=-1* EBIT /Interest Expense

Else if Interest Expense is negative and EBIT 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.

Takaful Oman InsuranceOG'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, Takaful Oman InsuranceOG's Interest Expense was ر.ع0.00 Mil. Its EBIT was ر.ع0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was ر.ع0.00 Mil.

Takaful Oman InsuranceOG had no debt (1).

Takaful Oman InsuranceOG's Interest Coverage for the quarter that ended in Dec. 2017 is calculated as

Here, for the three months ended in Dec. 2017, Takaful Oman InsuranceOG's Interest Expense was ر.ع0.00 Mil. Its EBIT was ر.ع0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was ر.ع0.00 Mil.

Takaful Oman InsuranceOG had no debt (1).

* 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.


Takaful Oman InsuranceOG  (MUS:TAOI) 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 .


Takaful Oman InsuranceOG Interest Coverage Related Terms

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


Takaful Oman InsuranceOG Business Description

Traded in Other Exchanges
N/A
Address
P.O. BOX 207, Bareeq Al Shatti, Muscat, OMN, 134
Takaful Oman Insurance SAOG operates as an Islamic insurance provider in the Sultanate of Oman. It operates through two segments, General Takaful and Family Takaful. Its General Takaful segment which contributes majorly towards firm's revenue includes medical, fire, general accident and marine and cargo insurance. The company's products include group family, group health, group creditor, domestic helper, and travel takaful plans; and motor insurance, personal accident, workmen's compensation, marine cargo, property all risk, machinery breakdown, erection all risk, contractor's plant and equipment, and contractor's all risk takaful products.

Takaful Oman InsuranceOG Headlines

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