Krungthai Car Rent And Lease PCL (BKK:KCAR) Interest Coverage : 1.27 (As of Mar. 2024)

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What is Krungthai Car Rent And Lease 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. Krungthai Car Rent And Lease PCL's Operating Income for the three months ended in Mar. 2024 was ฿33 Mil. Krungthai Car Rent And Lease PCL's Interest Expense for the three months ended in Mar. 2024 was ฿-26 Mil. Krungthai Car Rent And Lease PCL's interest coverage for the quarter that ended in Mar. 2024 was 1.27. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Krungthai Car Rent And Lease PCL interest coverage is 2.21, which is low.

The historical rank and industry rank for Krungthai Car Rent And Lease PCL's Interest Coverage or its related term are showing as below:

BKK:KCAR' s Interest Coverage Range Over the Past 10 Years
Min: 2.19 Med: 3.28 Max: 5
Current: 2.21

BKK:KCAR's Interest Coverage is ranked worse than
86.31% of 796 companies
in the Business Services industry
Industry Median: 13.48 vs BKK:KCAR: 2.21

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

Krungthai Car Rent And Lease PCL Interest Coverage Historical Data

The historical data trend for Krungthai Car Rent And Lease 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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Krungthai Car Rent And Lease PCL Interest Coverage Chart

Krungthai Car Rent And Lease PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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2.40

2.19

3.28

3.17

Krungthai Car Rent And Lease PCL 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															5.05	3.70	2.39	1.79	1.27

Competitive Comparison of Krungthai Car Rent And Lease PCL's Interest Coverage

For the Rental & Leasing Services subindustry, Krungthai Car Rent And Lease 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.

Krungthai Car Rent And Lease PCL's Interest Coverage Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Krungthai Car Rent And Lease PCL's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Krungthai Car Rent And Lease PCL's Interest Coverage falls into.

Krungthai Car Rent And Lease 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.

Krungthai Car Rent And Lease 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, Krungthai Car Rent And Lease PCL's Interest Expense was ฿-84 Mil. Its Operating Income was ฿266 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿2,318 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	266.243	/	-83.987
	=	3.17

Krungthai Car Rent And Lease PCL's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Krungthai Car Rent And Lease PCL's Interest Expense was ฿-26 Mil. Its Operating Income was ฿33 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿1,828 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	32.655	/	-25.698
	=	1.27

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

Krungthai Car Rent And Lease PCL (BKK:KCAR) 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 .

Krungthai Car Rent And Lease PCL Interest Coverage Related Terms

Thank you for viewing the detailed overview of Krungthai Car Rent And Lease PCL's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Krungthai Car Rent And Lease PCL (BKK:KCAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Krungthai Car Rent And Lease PCL (BKK:KCAR) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 455/1 Rama 3 Road, Kwang Bangklo, Khet Bangkorlaem, Bangkok, THA, 10120

Website

http://www.krungthai.co.th

Krungthai Car Rent And Lease PCL are engaged in the rental business. It is engaged in operating lease in car rental business and selling of used cars. In addition, the company offers car maintenance services, such as fitting and repairing services. It operates in the following segments; Car rent of operating segment and the Used car distribution segment. The firm generates maximum revenue from its Car rent of operating segment. It caters its services to corporate clients, including government agencies and private companies, as well as individual clients. Its vehicle models for rentals include economy, compact, intermediate and sports utility vehicles.

Krungthai Car Rent And Lease PCL (BKK:KCAR) Headlines

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