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Boustead Holdings Bhd (Boustead Holdings Bhd) Interest Coverage : 0.42 (As of Mar. 2023)


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What is Boustead Holdings Bhd 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. Boustead Holdings Bhd's Operating Income for the three months ended in Mar. 2023 was $8 Mil. Boustead Holdings Bhd's Interest Expense for the three months ended in Mar. 2023 was $-20 Mil. Boustead Holdings Bhd's interest coverage for the quarter that ended in Mar. 2023 was 0.42. 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. Boustead Holdings Bhd interest coverage is 1.1, which is low.

The historical rank and industry rank for Boustead Holdings Bhd's Interest Coverage or its related term are showing as below:

BSTHF' s Interest Coverage Range Over the Past 10 Years
Min: 0.2   Med: 2.11   Max: 2.9
Current: 1.1


BSTHF's Interest Coverage is not ranked
in the Conglomerates industry.
Industry Median: 5.04 vs BSTHF: 1.10

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


Boustead Holdings Bhd Interest Coverage Historical Data

The historical data trend for Boustead Holdings Bhd'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.

* Premium members only.

Boustead Holdings Bhd Interest Coverage Chart

Boustead Holdings Bhd Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.20 0.65 2.69 2.11

Boustead Holdings Bhd Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 4.70 3.75 - 0.77 0.42

Competitive Comparison of Boustead Holdings Bhd's Interest Coverage

For the Conglomerates subindustry, Boustead Holdings Bhd'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.


Boustead Holdings Bhd's Interest Coverage Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Boustead Holdings Bhd's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Boustead Holdings Bhd's Interest Coverage falls into.



Boustead Holdings Bhd 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.

Boustead Holdings Bhd's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, Boustead Holdings Bhd's Interest Expense was $-76 Mil. Its Operating Income was $161 Mil. And its Long-Term Debt & Capital Lease Obligation was $646 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2022 )/Interest Expense (A: Dec. 2022 )
=-1*161.084/-76.335
=2.11

Boustead Holdings Bhd's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Here, for the three months ended in Mar. 2023, Boustead Holdings Bhd's Interest Expense was $-20 Mil. Its Operating Income was $8 Mil. And its Long-Term Debt & Capital Lease Obligation was $644 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2023 )/Interest Expense (Q: Mar. 2023 )
=-1*8.401/-20.094
=0.42

* 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.


Boustead Holdings Bhd  (OTCPK:BSTHF) 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 .


Boustead Holdings Bhd Interest Coverage Related Terms

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


Boustead Holdings Bhd (Boustead Holdings Bhd) Business Description

Traded in Other Exchanges
N/A
Address
No. 10, Jalan PJU 7/6, Level 23, The Bousteador, Mutiara Damansara, Petaling Jaya, SGR, MYS, 47800
Boustead Holdings Bhd is a conglomerate. The company operates in six segments. The plantation division primarily involves the planting of oil palm and processing of crude palm oil. The heavy industries division primarily involves shipbuilding, fabrication of offshore structures, and vessel restoration and maintenance. The Property and Industrial Division division primarily involves real estate development and leasing, as well as hotel operation. The pharmaceutical division manufactures, trades, and markets pharmaceutical products. The trading and industrial division operates a petrol station network and manufactures and trades building materials.

Boustead Holdings Bhd (Boustead Holdings Bhd) Headlines

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