write a 120 words analysis comparing between the company's performance based on the terms of interest coverage ratio Interest Coverage RatioCompany nameGulf InternationalChemicals SAOGRaysut cementBarka Water andpower COAljazeera steel CoOman CHROMITEyear 20201.420.210.331.64-9year 20210.200.231.220.897.18year 20220.0170.010.181.2416.1AVG0.5450.151.731.254.76

The interest coverage ratio is the used by the company with the aim and purpose of knowing about the…

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write a 120 words analysis comparing between the company's performance based on the terms of interest coverage ratio

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

write a 120 words analysis comparing between the company's performance based on the terms of interest coverage ratio

Interest Coverage Ratio
Company name
Gulf International
Chemicals SAOG
Raysut cement
Barka Water and
power CO
Aljazeera steel Co
Oman CHROMITE
year 2020
1.42
0.21
0.33
1.64
-9
year 2021
0.20
0.23
1.22
0.89
7.18
year 2022
0.017
0.01
0.18
1.24
16.1
AVG
0.545
0.15
1.73
1.25
4.76

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