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PT Bumi Resources Minerals Tbk (ISX:BRMS) Interest Coverage : 19.12 (As of Mar. 2024)


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What is PT Bumi Resources Minerals Tbk 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. PT Bumi Resources Minerals Tbk's Operating Income for the three months ended in Mar. 2024 was Rp76,941 Mil. PT Bumi Resources Minerals Tbk's Interest Expense for the three months ended in Mar. 2024 was Rp-4,024 Mil. PT Bumi Resources Minerals Tbk's interest coverage for the quarter that ended in Mar. 2024 was 19.12. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for PT Bumi Resources Minerals Tbk's Interest Coverage or its related term are showing as below:

ISX:BRMS' s Interest Coverage Range Over the Past 10 Years
Min: 0.07   Med: 25.51   Max: 534.34
Current: 70.18


ISX:BRMS's Interest Coverage is ranked worse than
68.85% of 1342 companies
in the Metals & Mining industry
Industry Median: No Debt vs ISX:BRMS: 70.18

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


PT Bumi Resources Minerals Tbk Interest Coverage Historical Data

The historical data trend for PT Bumi Resources Minerals Tbk'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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PT Bumi Resources Minerals Tbk Interest Coverage Chart

PT Bumi Resources Minerals Tbk Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 29.76 21.26 534.34

PT Bumi Resources Minerals Tbk 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 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 845.00 1,663.00 811.17 343.62 19.12

Competitive Comparison of PT Bumi Resources Minerals Tbk's Interest Coverage

For the Other Industrial Metals & Mining subindustry, PT Bumi Resources Minerals Tbk'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.


PT Bumi Resources Minerals Tbk's Interest Coverage Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, PT Bumi Resources Minerals Tbk's Interest Coverage distribution charts can be found below:

* The bar in red indicates where PT Bumi Resources Minerals Tbk's Interest Coverage falls into.



PT Bumi Resources Minerals Tbk 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.

PT Bumi Resources Minerals Tbk'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, PT Bumi Resources Minerals Tbk's Interest Expense was Rp-493 Mil. Its Operating Income was Rp263,598 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp695,570 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*263598.062/-493.312
=534.34

PT Bumi Resources Minerals Tbk's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, PT Bumi Resources Minerals Tbk's Interest Expense was Rp-4,024 Mil. Its Operating Income was Rp76,941 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp615,314 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*76941.22/-4023.574
=19.12

* 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.


PT Bumi Resources Minerals Tbk  (ISX:BRMS) 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 .


PT Bumi Resources Minerals Tbk Interest Coverage Related Terms

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PT Bumi Resources Minerals Tbk (ISX:BRMS) Business Description

Traded in Other Exchanges
Address
Jalan H.R. Rasuna Said Kuningan, Bakrie Tower, 6th and 10th Floors, Complex Rasuna Epicentrum, Kuningan, Jakarta, IDN, 12940
PT Bumi Resources Minerals Tbk is an Indonesia-based company primarily engaged in mining. The company's assets include copper, gold, zinc, lead, and other valuable metals. The group classifies its mining business into three core business segments which include Mining and services, investments, and holding companies. The investments segment consists of investment in shares of stock, funding, and financing. The holding company's activities include the setup of joint capital for the development of mines. Its mining and services segment of metal minerals is under exploration and development stages.

PT Bumi Resources Minerals Tbk (ISX:BRMS) Headlines

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