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PT Eterindo Wahanatama Tbk (ISX:ETWA) Interest Coverage : 0 (At Loss) (As of Sep. 2023)


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What is PT Eterindo Wahanatama 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 Eterindo Wahanatama Tbk's Operating Income for the three months ended in Sep. 2023 was Rp-5,805.42 Mil. PT Eterindo Wahanatama Tbk's Interest Expense for the three months ended in Sep. 2023 was Rp-2,364.15 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

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


ISX:ETWA's Interest Coverage is not ranked *
in the Chemicals industry.
Industry Median: 9.71
* Ranked among companies with meaningful Interest Coverage only.

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 Eterindo Wahanatama Tbk Interest Coverage Historical Data

The historical data trend for PT Eterindo Wahanatama 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 Eterindo Wahanatama Tbk Interest Coverage Chart

PT Eterindo Wahanatama Tbk Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Interest Coverage
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PT Eterindo Wahanatama Tbk Quarterly Data
Dec17 Dec18 Dec19 Sep20 Dec20 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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Competitive Comparison of PT Eterindo Wahanatama Tbk's Interest Coverage

For the Chemicals subindustry, PT Eterindo Wahanatama 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 Eterindo Wahanatama Tbk's Interest Coverage Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, PT Eterindo Wahanatama Tbk's Interest Coverage distribution charts can be found below:

* The bar in red indicates where PT Eterindo Wahanatama Tbk's Interest Coverage falls into.



PT Eterindo Wahanatama 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 Eterindo Wahanatama Tbk'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, PT Eterindo Wahanatama Tbk's Interest Expense was Rp-72,654.38 Mil. Its Operating Income was Rp-46,669.58 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp822,525.84 Mil.

PT Eterindo Wahanatama Tbk did not have earnings to cover the interest expense.

PT Eterindo Wahanatama Tbk's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, PT Eterindo Wahanatama Tbk's Interest Expense was Rp-2,364.15 Mil. Its Operating Income was Rp-5,805.42 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp837,213.19 Mil.

PT Eterindo Wahanatama Tbk did not have earnings to cover the interest expense.

* 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 Eterindo Wahanatama Tbk  (ISX:ETWA) 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 Eterindo Wahanatama Tbk Interest Coverage Related Terms

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PT Eterindo Wahanatama Tbk (ISX:ETWA) Business Description

Traded in Other Exchanges
N/A
Address
Jalan Jenderal Sudirman Kav.79, Prudential Tower 20th, Jakarta, IDN, 12910
PT Eterindo Wahanatama Tbk is engaged in integrated Palm Oil Plantation and Biodiesel industry, trading of chemical products. The company offers biodiesel for motor vehicles, steam boilers, oil furnaces, generators; and trades in specialty chemical products, including fatty acid methyl ester and other chemicals. The business segment of the company include FAME, Other Chemicals and Fresh Fruit Bunch. The company makes majority of its revenue from Other Chemicals segment.

PT Eterindo Wahanatama Tbk (ISX:ETWA) Headlines

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