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Al Razi Medical Co (SAU:9572) Interest Coverage : N/A (As of Jun. 2024)


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What is Al Razi Medical 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. Al Razi Medical Co's Operating Income for the six months ended in Jun. 2024 was ﷼0.23 Mil. Al Razi Medical Co's Interest Expense for the six months ended in Jun. 2024 was ﷼0.00 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Al Razi Medical Co's Interest Coverage or its related term are showing as below:


SAU:9572's Interest Coverage is not ranked *
in the Healthcare Providers & Services industry.
Industry Median: 8.19
* Ranked among companies with meaningful Interest Coverage only.

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


Al Razi Medical Co Interest Coverage Historical Data

The historical data trend for Al Razi Medical 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.

Al Razi Medical Co Interest Coverage Chart

Al Razi Medical Co Annual Data
Trend Dec22 Dec23
Interest Coverage
9.66 3.81

Al Razi Medical Co Semi-Annual Data
Jun22 Dec22 Jun23 Dec23 Jun24
Interest Coverage No Debt N/A N/A N/A N/A

Competitive Comparison of Al Razi Medical Co's Interest Coverage

For the Pharmaceutical Retailers subindustry, Al Razi Medical 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.


Al Razi Medical Co's Interest Coverage Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Al Razi Medical Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Al Razi Medical Co's Interest Coverage falls into.



Al Razi Medical 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.

Al Razi Medical 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, Al Razi Medical Co's Interest Expense was ﷼-0.48 Mil. Its Operating Income was ﷼1.81 Mil. And its Long-Term Debt & Capital Lease Obligation was ﷼7.60 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*1.812/-0.475
=3.81

Al Razi Medical Co's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Here, for the six months ended in Jun. 2024, Al Razi Medical Co's Interest Expense was ﷼0.00 Mil. Its Operating Income was ﷼0.23 Mil. And its Long-Term Debt & Capital Lease Obligation was ﷼7.61 Mil.

GuruFocus does not calculate Al Razi Medical Co's interest coverage with the available data.

* 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.


Al Razi Medical Co  (SAU:9572) 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 .


Al Razi Medical Co Interest Coverage Related Terms

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Al Razi Medical Co Business Description

Traded in Other Exchanges
N/A
Address
King Abdulaziz Road, Al-Khaleej District, Al-Bada'ea, Al-Qassim, Riyadh, SAU
Al Razi Medical Co operates in the medical field in the Kingdom of Saudi Arabia. The company provides all pharmaceutical and cosmetic products. It engages in buying and selling pharmaceuticals, medical supplies, herbal and cosmetic products, and all related products on a wholesale and retail basis.

Al Razi Medical Co Headlines

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