Ades Holding Co (SAU:2382) Interest Coverage : 2.32 (As of Jun. 2024)

Ades Holding Co Interest Coverage Chart

Competitive Comparison of Ades Holding Co's Interest Coverage

For the Oil & Gas Drilling subindustry, Ades Holding Co'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.

Ades Holding Co's Interest Coverage Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Ades Holding Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Ades Holding Co's Interest Coverage falls into.

Ades Holding Co 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

Else if Interest Expense is negative and Operating Income is negative, then

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

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

Ades Holding Co'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, Ades Holding Co's Interest Expense was ﷼-756 Mil. Its Operating Income was ﷼1,282 Mil. And its Long-Term Debt & Capital Lease Obligation was ﷼9,657 Mil.

Ades Holding Co's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Here, for the three months ended in Jun. 2024, Ades Holding Co's Interest Expense was ﷼-181 Mil. Its Operating Income was ﷼420 Mil. And its Long-Term Debt & Capital Lease Obligation was ﷼10,386 Mil.

* 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.

Ades Holding Co  (SAU:2382) 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 .

Ades Holding Co Interest Coverage Related Terms

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Ades Holding Co Business Description