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Alwaha REIT Fund (SAU:9300) Interest Coverage : No Debt (1) (As of Jun. 2023)


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What is Alwaha REIT Fund 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. Alwaha REIT Fund's Operating Income for the six months ended in Jun. 2023 was ﷼0.00 Mil. Alwaha REIT Fund's Interest Expense for the six months ended in Jun. 2023 was ﷼0.00 Mil. Alwaha REIT Fund 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 Alwaha REIT Fund's Interest Coverage or its related term are showing as below:

SAU:9300' s Interest Coverage Range Over the Past 10 Years
Min: 0   Med: 0   Max: No Debt
Current: No Debt


SAU:9300's Interest Coverage is ranked better than
99.85% of 671 companies
in the REITs industry
Industry Median: 2.95 vs SAU:9300: No Debt

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


Alwaha REIT Fund Interest Coverage Historical Data

The historical data trend for Alwaha REIT Fund'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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Alwaha REIT Fund Interest Coverage Chart

Alwaha REIT Fund Annual Data
Trend Dec23
Interest Coverage
No Debt

Alwaha REIT Fund Semi-Annual Data
Jun23
Interest Coverage No Debt

Competitive Comparison of Alwaha REIT Fund's Interest Coverage

For the REIT - Diversified subindustry, Alwaha REIT Fund'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.


Alwaha REIT Fund's Interest Coverage Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Alwaha REIT Fund's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Alwaha REIT Fund's Interest Coverage falls into.



Alwaha REIT Fund 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.

Alwaha REIT Fund'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, Alwaha REIT Fund's Interest Expense was ﷼0.00 Mil. Its Operating Income was ﷼0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was ﷼0.00 Mil.

Alwaha REIT Fund had no debt (1).

Alwaha REIT Fund's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Here, for the six months ended in Jun. 2023, Alwaha REIT Fund's Interest Expense was ﷼0.00 Mil. Its Operating Income was ﷼0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was ﷼0.00 Mil.

Alwaha REIT Fund 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.


Alwaha REIT Fund  (SAU:9300) 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 .


Alwaha REIT Fund Interest Coverage Related Terms

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


Alwaha REIT Fund (SAU:9300) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Street Al Olaya, Building No. 7459, Secondary No. 2207, Al Muruj District, Riyadh, SAU, 12283
Alwaha REIT Fund is a closed-ended sharia-compliant real estate investment traded fund. The investment objective of the Fund is to invest in structurally developed real estate properties, capable of achieving periodic and rental income, and to distribute a percentage not less than 90% of the annual net profits of the Fund as cash dividends to the unitholders during the period of the Fund.

Alwaha REIT Fund (SAU:9300) Headlines

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