Rasan Information Technology Co (SAU:8313) Interest Coverage : 119.66 (As of Mar. 2025)

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What is Rasan Information Technology Co 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. Rasan Information Technology Co's Operating Income for the three months ended in Mar. 2025 was ﷼29.8 Mil. Rasan Information Technology Co's Interest Expense for the three months ended in Mar. 2025 was ﷼-0.2 Mil. Rasan Information Technology Co's interest coverage for the quarter that ended in Mar. 2025 was 119.66. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Rasan Information Technology Co has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Rasan Information Technology Co's Interest Coverage or its related term are showing as below:

SAU:8313' s Interest Coverage Range Over the Past 10 Years
Min: 218.01 Med: 305.15 Max: 392.29
Current: 301.12

SAU:8313's Interest Coverage is ranked better than
83.09% of 337 companies
in the Insurance industry
Industry Median: 13.91 vs SAU:8313: 301.12

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

Rasan Information Technology Co Interest Coverage Historical Data

The historical data trend for Rasan Information Technology Co'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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Rasan Information Technology Co Interest Coverage Chart

Rasan Information Technology Co Annual Data

Trend

Dec23

Dec24

Interest Coverage

218.01

392.29

Rasan Information Technology Co Quarterly Data
	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Interest Coverage	Get a 7-Day Free Trial			100.37	98.81	286.98	-	119.66

Competitive Comparison of Rasan Information Technology Co's Interest Coverage

For the Insurance Brokers subindustry, Rasan Information Technology 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.

Rasan Information Technology Co's Interest Coverage Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Rasan Information Technology Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Rasan Information Technology Co's Interest Coverage falls into.

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Rasan Information Technology 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

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.

Rasan Information Technology Co's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, Rasan Information Technology Co's Interest Expense was ﷼-0.3 Mil. Its Operating Income was ﷼106.3 Mil. And its Long-Term Debt & Capital Lease Obligation was ﷼2.0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2024 )	/	Interest Expense (A: Dec. 2024 )
	=	-1	*	106.31	/	-0.271
	=	392.29

Rasan Information Technology Co's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the three months ended in Mar. 2025, Rasan Information Technology Co's Interest Expense was ﷼-0.2 Mil. Its Operating Income was ﷼29.8 Mil. And its Long-Term Debt & Capital Lease Obligation was ﷼3.5 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2025 )	/	Interest Expense (Q: Mar. 2025 )
	=	-1	*	29.796	/	-0.249
	=	119.66

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

Rasan Information Technology Co (SAU:8313) 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 .

Rasan Information Technology Co Interest Coverage Related Terms

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Rasan Information Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Rasan Information Technology Co (SAU:8313) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3413, Al Thumama Road, 1st Floor, Al-Jadah Square, Qurtuba District, Riyadh, SAU, 13248

Website

https://www.rasan.co

Rasan Information Technology Co is engaged in online wholesale, electronic publishing, ready software publishing, systems analysis, design and customization of program software, software maintenance, web page design, setting up of web page hosting infrastructure, providing SMS design, and website design. Currently, it is engaged in providing insurance aggregator, online auto auction, and online leasing insurance services. The company's operating segments include Tameeni-Motors, Tameeni-Health, Leasing, Awal Mazad, and R Solutions. Maximum revenue is derived from the Tameeni Motors segment which offers a B2C digital platform providing vehicle owners access to motor insurers.

Rasan Information Technology Co Headlines

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