Qomel Co (SAU:9600) Interest Coverage : 7.52 (As of Dec. 2024)

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What is Qomel 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. Qomel Co's Operating Income for the six months ended in Dec. 2024 was ﷼15.6 Mil. Qomel Co's Interest Expense for the six months ended in Dec. 2024 was ﷼-2.1 Mil. Qomel Co's interest coverage for the quarter that ended in Dec. 2024 was 7.52. The higher the ratio, the stronger the company's financial strength is.

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

SAU:9600' s Interest Coverage Range Over the Past 10 Years
Min: 9.09 Med: 10.86 Max: 12.62
Current: 9.09

SAU:9600's Interest Coverage is ranked better than
52.1% of 428 companies
in the Healthcare Providers & Services industry
Industry Median: 8.09 vs SAU:9600: 9.09

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

Qomel Co Interest Coverage Historical Data

The historical data trend for Qomel 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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Qomel Co Interest Coverage Chart

Qomel Co Annual Data

Trend

Dec23

Dec24

Interest Coverage

12.62

9.09

Qomel Co Semi-Annual Data
	Jun23	Dec23	Jun24	Dec24
Interest Coverage	5.55	38.34	12.27	7.52

Competitive Comparison of Qomel Co's Interest Coverage

For the Pharmaceutical Retailers subindustry, Qomel 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.

Qomel Co's Interest Coverage Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Qomel Co's Interest Coverage falls into.

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Qomel 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.

Qomel 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, Qomel Co's Interest Expense was ﷼-3.1 Mil. Its Operating Income was ﷼28.2 Mil. And its Long-Term Debt & Capital Lease Obligation was ﷼0.2 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2024 )	/	Interest Expense (A: Dec. 2024 )
	=	-1	*	28.181	/	-3.101
	=	9.09

Qomel Co's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the six months ended in Dec. 2024, Qomel Co's Interest Expense was ﷼-2.1 Mil. Its Operating Income was ﷼15.6 Mil. And its Long-Term Debt & Capital Lease Obligation was ﷼0.2 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	15.58	/	-2.073
	=	7.52

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

Qomel Co (SAU:9600) 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 .

Qomel Co Interest Coverage Related Terms

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

Qomel Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Qomel Co (SAU:9600) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

3221 Prince Mamdouh bin Abdul Aziz Street, Sulaymaniyah District, Riyadh, SAU

Website

https://www.qomel.com

Qomel Co is a Saudi Arabian-based healthcare company that provides high-quality medicines and innovative medical services whose core business focuses on institutional and government supply through a professional field force and an in-depth knowledge of the local business environment They offer services such as pharmaceutical and medical supplies.

Qomel Co Headlines

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