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Bamburi Cement (NAI:BAMB) Interest Coverage : No Debt (1) (As of Jun. 2024)


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What is Bamburi Cement 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. Bamburi Cement's Operating Income for the six months ended in Jun. 2024 was KES774 Mil. Bamburi Cement's Interest Expense for the six months ended in Jun. 2024 was KES0 Mil. Bamburi Cement 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 Bamburi Cement's Interest Coverage or its related term are showing as below:

NAI:BAMB' s Interest Coverage Range Over the Past 10 Years
Min: 2.66   Med: 14.05   Max: No Debt
Current: 27.56


NAI:BAMB's Interest Coverage is ranked better than
76.49% of 302 companies
in the Building Materials industry
Industry Median: 6.155 vs NAI:BAMB: 27.56

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


Bamburi Cement Interest Coverage Historical Data

The historical data trend for Bamburi Cement'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.

Bamburi Cement Interest Coverage Chart

Bamburi Cement Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.66 6.60 9.78 10.49 24.31

Bamburi Cement Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 4.53 - No Debt 14.44 No Debt

Competitive Comparison of Bamburi Cement's Interest Coverage

For the Building Materials subindustry, Bamburi Cement'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.


Bamburi Cement's Interest Coverage Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Bamburi Cement's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Bamburi Cement's Interest Coverage falls into.


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Bamburi Cement 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.

Bamburi Cement'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, Bamburi Cement's Interest Expense was KES-51 Mil. Its Operating Income was KES1,240 Mil. And its Long-Term Debt & Capital Lease Obligation was KES0 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*1240/-51
=24.31

Bamburi Cement's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Here, for the six months ended in Jun. 2024, Bamburi Cement's Interest Expense was KES0 Mil. Its Operating Income was KES774 Mil. And its Long-Term Debt & Capital Lease Obligation was KES0 Mil.

Bamburi Cement 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.


Bamburi Cement  (NAI:BAMB) 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 .


Bamburi Cement Interest Coverage Related Terms

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


Bamburi Cement Business Description

Traded in Other Exchanges
N/A
Address
LR No 209/6208, Kitui Road, Off Kampala Road, P.O. Box 10921, Industrial Area, Nairobi, KEN, 00100
Bamburi Cement Ltd is engaged in the manufacture and sale of cement and cement-related products. The company organizes its businesses in Kenya segments involved in the manufacture and sale of cement and also includes the manufacture and sale of ready-mix concrete, precast products, and rehabilitation of quarries that are used as a source of raw materials for cement production. Its products include Nguvu, PowerMax, PowerPlus, Powercrete, Tembo, Fundi, Duracem, Powerwhite, Paving Blocks, Drainage, Edge Restraints, and others. Bamburi also owns and manages a nature and environmental park created from rehabilitated quarries. It generates its revenue from Kenya.

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