Fortune Parts Industry PCL (BKK:FPI) Interest Coverage : 31.10 (As of Dec. 2023)

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What is Fortune Parts Industry PCL 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. Fortune Parts Industry PCL's Operating Income for the three months ended in Dec. 2023 was ฿160 Mil. Fortune Parts Industry PCL's Interest Expense for the three months ended in Dec. 2023 was ฿-5 Mil. Fortune Parts Industry PCL's interest coverage for the quarter that ended in Dec. 2023 was 31.10. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Fortune Parts Industry PCL's Interest Coverage or its related term are showing as below:

BKK:FPI' s Interest Coverage Range Over the Past 10 Years
Min: 5.88 Med: 9.69 Max: 38.42
Current: 18.8

BKK:FPI's Interest Coverage is ranked better than
69.76% of 1035 companies
in the Vehicles & Parts industry
Industry Median: 7.73 vs BKK:FPI: 18.80

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

Fortune Parts Industry PCL Interest Coverage Historical Data

The historical data trend for Fortune Parts Industry PCL'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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Fortune Parts Industry PCL Interest Coverage Chart

Fortune Parts Industry PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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15.42

6.62

29.88

38.42

18.80

Fortune Parts Industry PCL Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															77.82	13.50	18.91	16.16	31.10

Competitive Comparison of Fortune Parts Industry PCL's Interest Coverage

For the Auto Parts subindustry, Fortune Parts Industry PCL'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.

Fortune Parts Industry PCL's Interest Coverage Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Fortune Parts Industry PCL's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Fortune Parts Industry PCL's Interest Coverage falls into.

Fortune Parts Industry PCL 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.

Fortune Parts Industry PCL'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, Fortune Parts Industry PCL's Interest Expense was ฿-30 Mil. Its Operating Income was ฿572 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿106 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	572.105	/	-30.433
	=	18.80

Fortune Parts Industry PCL's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Fortune Parts Industry PCL's Interest Expense was ฿-5 Mil. Its Operating Income was ฿160 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿106 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	160.024	/	-5.145
	=	31.10

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

Fortune Parts Industry PCL (BKK:FPI) 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 .

Fortune Parts Industry PCL Interest Coverage Related Terms

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

Fortune Parts Industry PCL (BKK:FPI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Fortune Parts Industry PCL (BKK:FPI) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nimitmai Road, 11/22 Moo 20, Lamlukka, Pathumthani, THA, 12150

Website

https://www.fpiautoparts.com

Fortune Parts Industry PCL is engaged in the manufacture and distribution of automotive replacement parts, dipping, and painting services based in Thailand. It has three operating segments Domestic sales, which manufacture and domestic distribution of automotive parts and equipment; Export sales, which manufacture and overseas distribution of automotive parts and equipment; and Services from dipping and painting. Some of the products offered by the company are Plastic injection parts, Lamp and mirrors, Coolants, Engine and Break parts, among others. Export sales generate the majority of the revenue. Geographically, it makes sales in Thailand, Saudi Arabia, and other countries.