View United Real Estate Development Co (SAU:9591) Interest Coverage : 462.86 (As of Dec. 2024)

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What is View United Real Estate Development 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. View United Real Estate Development Co's Operating Income for the six months ended in Dec. 2024 was ﷼16.66 Mil. View United Real Estate Development Co's Interest Expense for the six months ended in Dec. 2024 was ﷼-0.04 Mil. View United Real Estate Development Co's interest coverage for the quarter that ended in Dec. 2024 was 462.86. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for View United Real Estate Development Co's Interest Coverage or its related term are showing as below:

SAU:9591' s Interest Coverage Range Over the Past 10 Years
Min: 115.67 Med: 204.66 Max: 277.21
Current: 277.21

SAU:9591's Interest Coverage is ranked better than
90.38% of 1310 companies
in the Real Estate industry
Industry Median: 3.97 vs SAU:9591: 277.21

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

View United Real Estate Development Co Interest Coverage Historical Data

The historical data trend for View United Real Estate Development 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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View United Real Estate Development Co Interest Coverage Chart

View United Real Estate Development Co Annual Data

Trend

Dec22

Dec23

Dec24

Interest Coverage

115.67

204.66

273.61

View United Real Estate Development Co Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24	Dec24
Interest Coverage	N/A	8.65	-	110.13	462.86

Competitive Comparison of View United Real Estate Development Co's Interest Coverage

For the Real Estate - Development subindustry, View United Real Estate Development 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.

View United Real Estate Development Co's Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, View United Real Estate Development Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where View United Real Estate Development Co's Interest Coverage falls into.

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View United Real Estate Development 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.

View United Real Estate Development 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, View United Real Estate Development Co's Interest Expense was ﷼-0.08 Mil. Its Operating Income was ﷼21.07 Mil. And its Long-Term Debt & Capital Lease Obligation was ﷼44.36 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2024 )	/	Interest Expense (A: Dec. 2024 )
	=	-1	*	21.068	/	-0.077
	=	273.61

View United Real Estate Development Co's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the six months ended in Dec. 2024, View United Real Estate Development Co's Interest Expense was ﷼-0.04 Mil. Its Operating Income was ﷼16.66 Mil. And its Long-Term Debt & Capital Lease Obligation was ﷼44.36 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	16.663	/	-0.036
	=	462.86

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

View United Real Estate Development Co (SAU:9591) 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 .

View United Real Estate Development Co Interest Coverage Related Terms

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View United Real Estate Development Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » View United Real Estate Development Co (SAU:9591) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

3898 Anas Bin Malik Road, Al Yasmeen District 6577, Riyadh, SAU, 13325

Website

https://www.view.sa

View United Real Estate Development Co is a real estate development company relying on high expertise and modern technology in all stages of development and implementation to reach the architectural and construction design. The company's business activities consists of construction of residential buildings, general construction of non-residential buildings such as schools, hospitals, and hotels, purchasing and selling land and properties, off-plan sales, and management and leasing of owned or leased residential and non-residential properties.

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