Bahrain Car Parks Co (Amakin) BSC (BAH:CPARK) Interest Coverage : N/A (As of Mar. 2024)

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What is Bahrain Car Parks Co (Amakin) BSC 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. Bahrain Car Parks Co (Amakin) BSC's Operating Income for the three months ended in Mar. 2024 was BHD0.14 Mil. Bahrain Car Parks Co (Amakin) BSC's Interest Expense for the three months ended in Mar. 2024 was BHD0.00 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 Bahrain Car Parks Co (Amakin) BSC's Interest Coverage or its related term are showing as below:

BAH:CPARK' s Interest Coverage Range Over the Past 10 Years
Min: 13.68 Med: 5028.45 Max: No Debt
Current: 13.79

BAH:CPARK's Interest Coverage is ranked better than
71.08% of 1338 companies
in the Real Estate industry
Industry Median: 4.03 vs BAH:CPARK: 13.79

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

Bahrain Car Parks Co (Amakin) BSC Interest Coverage Historical Data

The historical data trend for Bahrain Car Parks Co (Amakin) BSC'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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Bahrain Car Parks Co (Amakin) BSC Interest Coverage Chart

Bahrain Car Parks Co (Amakin) BSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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56.89

38.78

55.67

26.89

13.68

Bahrain Car Parks Co (Amakin) BSC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial															N/A	N/A	N/A	1.43	N/A

Competitive Comparison of Bahrain Car Parks Co (Amakin) BSC's Interest Coverage

For the Real Estate Services subindustry, Bahrain Car Parks Co (Amakin) BSC'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.

Bahrain Car Parks Co (Amakin) BSC's Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Bahrain Car Parks Co (Amakin) BSC's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Bahrain Car Parks Co (Amakin) BSC's Interest Coverage falls into.

Bahrain Car Parks Co (Amakin) BSC 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.

Bahrain Car Parks Co (Amakin) BSC'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, Bahrain Car Parks Co (Amakin) BSC's Interest Expense was BHD-0.03 Mil. Its Operating Income was BHD0.38 Mil. And its Long-Term Debt & Capital Lease Obligation was BHD0.70 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	0.383	/	-0.028
	=	13.68

Bahrain Car Parks Co (Amakin) BSC's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Bahrain Car Parks Co (Amakin) BSC's Interest Expense was BHD0.00 Mil. Its Operating Income was BHD0.14 Mil. And its Long-Term Debt & Capital Lease Obligation was BHD0.63 Mil.

GuruFocus does not calculate Bahrain Car Parks Co (Amakin) BSC's interest coverage with the available data.

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

Bahrain Car Parks Co (Amakin) BSC (BAH:CPARK) 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 .

Bahrain Car Parks Co (Amakin) BSC Interest Coverage Related Terms

Thank you for viewing the detailed overview of Bahrain Car Parks Co (Amakin) BSC's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Bahrain Car Parks Co (Amakin) BSC (BAH:CPARK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Bahrain Car Parks Co (Amakin) BSC (BAH:CPARK) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Building No.128 Government Avenue, Road No. 383, 2nd Floor Office No. 2009, P.O. Box 5298, Block No.316, Car Parks & Commercial Centre, Manama, BHR

Website

https://www.carparks.bh

Bahrain Car Parks Co (Amakin) BSC is engaged in the sale of other machinery equipment and parts, other marketing promotion activities, operation of car parks, and other activities. Its business segments include Car Park Services, which provides car parks for the public in return for parking charges; Property Rental Income, which is involved in the management, maintenance, and renting of properties; and Investment and Related Services, which include trading in the financial market and investing excess funds in the primary and secondary market; Sales of equipment, which involved in trading in car parks management equipment to the client. Its Property Rental Income segment generates maximum revenue for the company. Geographically the company provides its services only to the Bahrain market.

Bahrain Car Parks Co (Amakin) BSC (BAH:CPARK) Headlines

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