Professional Medical Expertise Co (SAU:9574) Interest Coverage : N/A (As of Dec. 2022)

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What is Professional Medical Expertise 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. Professional Medical Expertise Co's Operating Income for the three months ended in Dec. 2022 was ﷼0.0 Mil. Professional Medical Expertise Co's Interest Expense for the three months ended in Dec. 2022 was ﷼0.0 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 Professional Medical Expertise Co's Interest Coverage or its related term are showing as below:

SAU:9574's Interest Coverage is not ranked ^*
in the Medical Devices & Instruments industry.
Industry Median: 18.43
* 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.

Professional Medical Expertise Co Interest Coverage Historical Data

The historical data trend for Professional Medical Expertise 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.

Professional Medical Expertise Co Interest Coverage Chart

Professional Medical Expertise Co Annual Data

Trend

Dec22

Dec23

Interest Coverage

5.49

4.81

Professional Medical Expertise Co Quarterly Data
	Dec22	Dec23
Interest Coverage	N/A	N/A

Competitive Comparison of Professional Medical Expertise Co's Interest Coverage

For the Medical Devices subindustry, Professional Medical Expertise 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.

Professional Medical Expertise Co's Interest Coverage Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Professional Medical Expertise Co's Interest Coverage distribution charts can be found below:

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

Professional Medical Expertise 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.

Professional Medical Expertise 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, Professional Medical Expertise Co's Interest Expense was ﷼-6.9 Mil. Its Operating Income was ﷼33.3 Mil. And its Long-Term Debt & Capital Lease Obligation was ﷼2.6 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	33.344	/	-6.926
	=	4.81

Professional Medical Expertise Co's Interest Coverage for the quarter that ended in Dec. 2022 is calculated as

Here, for the three months ended in Dec. 2022, Professional Medical Expertise Co's Interest Expense was ﷼0.0 Mil. Its Operating Income was ﷼0.0 Mil. And its Long-Term Debt & Capital Lease Obligation was ﷼1.9 Mil.

GuruFocus does not calculate Professional Medical Expertise Co's interest coverage with the available data.

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

Professional Medical Expertise Co (SAU:9574) 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 .

Professional Medical Expertise Co Interest Coverage Related Terms

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Professional Medical Expertise Co (SAU:9574) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Professional Medical Expertise Co (SAU:9574) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Prince Saud Al-Faisal Street, Office No. 503, 5th Floor, Rawdah Bussiness Center, Rawdah District, Jeddah, SAU, 23434

Website

https://www.promedex.com

Professional Medical Expertise Co is a medical devices distributor in the Saudi market, representing selected top-notch quality suppliers of inventive state of the art medical technologies. The Company's current activities comprise the import and export of medical implants, devices and high-tech consumables and their sale to private and public hospitals and medical centers throughout the Kingdom. It activities consist of the following: Agents involved in the sale of medicines, Drug warehouse activities, Retail sale of medical equipment, tools and supplies, Medical Devices warehouse activities and Legal representation of medical products and devices' manufacturers.

Professional Medical Expertise Co (SAU:9574) Headlines

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