Gas Arabian Services Co (SAU:9528) Interest Coverage : 0 (At Loss) (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Gas Arabian Services 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. Gas Arabian Services Co's Operating Income for the six months ended in Dec. 2023 was ﷼33.7 Mil. Gas Arabian Services Co's Interest Expense for the six months ended in Dec. 2023 was ﷼0.8 Mil. did not have earnings to cover the interest expense. 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. Gas Arabian Services Co has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Gas Arabian Services Co's Interest Coverage or its related term are showing as below:

SAU:9528' s Interest Coverage Range Over the Past 10 Years
Min: 15 Med: 119.71 Max: 120.62
Current: 120.62

SAU:9528's Interest Coverage is ranked better than
84.95% of 764 companies
in the Oil & Gas industry
Industry Median: 6.655 vs SAU:9528: 120.62

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

Gas Arabian Services Co Interest Coverage Historical Data

The historical data trend for Gas Arabian Services 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.

* Premium members only.

Gas Arabian Services Co Interest Coverage Chart

Gas Arabian Services Co Annual Data

Trend

Dec21

Dec22

Dec23

Interest Coverage

15.00

119.71

120.30

Gas Arabian Services Co Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial			32.09	1.93	-	9.56	-

Competitive Comparison of Gas Arabian Services Co's Interest Coverage

For the Oil & Gas Equipment & Services subindustry, Gas Arabian Services 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.

Gas Arabian Services Co's Interest Coverage Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Gas Arabian Services Co's Interest Coverage falls into.

Gas Arabian Services 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.

Gas Arabian Services 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, Gas Arabian Services Co's Interest Expense was ﷼-0.4 Mil. Its Operating Income was ﷼45.1 Mil. And its Long-Term Debt & Capital Lease Obligation was ﷼2.5 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	45.112	/	-0.375
	=	120.30

Gas Arabian Services Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Gas Arabian Services Co's Interest Expense was ﷼0.8 Mil. Its Operating Income was ﷼33.7 Mil. And its Long-Term Debt & Capital Lease Obligation was ﷼2.5 Mil.

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

Gas Arabian Services Co (SAU:9528) 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 .

Gas Arabian Services Co Interest Coverage Related Terms

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

Gas Arabian Services Co (SAU:9528) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gas Arabian Services Co (SAU:9528) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit no. 8500, Dammam, SAU, 32241-5150

Website

https://www.gasarabian.com

Gas Arabian Services Co is a total solutions provider in the fields of integrated services for oil, petrochemical, chemical & allied industries. It offers leak detection systems, automation, instrumentation, mechanical, piping, static and project management services for petrochemical, electrical, oil and gas, steel, water, and desalination industries. Business is organized into three segments being Technical services, Trading and Manufacturing. Substantial revenue is generated from the Trading segment which is engaged in sales of industrial, electrical, mechanical, hydromechanical, petroleum and other technical equipment.

Gas Arabian Services Co (SAU:9528) Headlines

No Headlines