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Alahli Takaful Co (SAU:8130) Interest Coverage : No Debt (1) (As of Sep. 2021)


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What is Alahli Takaful 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 EBIT by its Interest Expense. Alahli Takaful Co's EBIT for the three months ended in Sep. 2021 was ﷼0.0 Mil. Alahli Takaful Co's Interest Expense for the three months ended in Sep. 2021 was ﷼0.0 Mil. Alahli Takaful Co has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Alahli Takaful Co has no debt.

(1) 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.

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

SAU:8130' s Interest Coverage Range Over the Past 10 Years
Min: No Debt   Med: No Debt   Max: No Debt
Current: No Debt


SAU:8130's Interest Coverage is not ranked
in the Insurance industry.
Industry Median: 14.57 vs SAU:8130: No Debt

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


Alahli Takaful Co Interest Coverage Historical Data

The historical data trend for Alahli Takaful 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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Alahli Takaful Co Interest Coverage Chart

Alahli Takaful Co Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only No Debt - No Debt No Debt No Debt

Alahli Takaful Co Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of Alahli Takaful Co's Interest Coverage

For the Insurance - Diversified subindustry, Alahli Takaful 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.


Alahli Takaful Co's Interest Coverage Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Alahli Takaful Co's Interest Coverage distribution charts can be found below:

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



Alahli Takaful 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 EBIT is positive, then

Interest Coverage=-1* EBIT /Interest Expense

Else if Interest Expense is negative and EBIT 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.

Alahli Takaful Co's Interest Coverage for the fiscal year that ended in Dec. 2020 is calculated as

Here, for the fiscal year that ended in Dec. 2020, Alahli Takaful Co's Interest Expense was ﷼0.0 Mil. Its EBIT was ﷼0.0 Mil. And its Long-Term Debt & Capital Lease Obligation was ﷼0.0 Mil.

Alahli Takaful Co had no debt (1).

Alahli Takaful Co's Interest Coverage for the quarter that ended in Sep. 2021 is calculated as

Here, for the three months ended in Sep. 2021, Alahli Takaful Co's Interest Expense was ﷼0.0 Mil. Its EBIT was ﷼0.0 Mil. And its Long-Term Debt & Capital Lease Obligation was ﷼0.0 Mil.

Alahli Takaful Co had no debt (1).

* 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.


Alahli Takaful Co  (SAU:8130) 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 .


Alahli Takaful Co Interest Coverage Related Terms

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


Alahli Takaful Co (SAU:8130) Business Description

Traded in Other Exchanges
N/A
Address
Prince Sultan Street, PO Box 48510, Al Khalidiyah Business Center, Jeddah, SAU, 21582
Alahli Takaful Co offers Takaful insurance products and services. The company's principal activity is to provide protection and saving insurance products through insurance solutions for individuals and groups. Its segments are divided into two: Individual segment that offers life insurance products on an individual basis including unit-linked investment-oriented products, and Group life segment that offers life protection programmes to the members of organizations on a group basis and credit's protection benefits in respect of personal loan given by financing organization. It derives a vast majority of revenues from the Individual insurance segment.

Alahli Takaful Co (SAU:8130) Headlines

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