PT Gowa Makassar Tourism Development Tbk (ISX:GMTD) Interest Coverage : 9.40 (As of Dec. 2023)

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What is PT Gowa Makassar Tourism Development 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 Gowa Makassar Tourism Development Tbk's Operating Income for the three months ended in Dec. 2023 was Rp51,690 Mil. PT Gowa Makassar Tourism Development Tbk's Interest Expense for the three months ended in Dec. 2023 was Rp-5,502 Mil. PT Gowa Makassar Tourism Development Tbk's interest coverage for the quarter that ended in Dec. 2023 was 9.40. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for PT Gowa Makassar Tourism Development Tbk's Interest Coverage or its related term are showing as below:

ISX:GMTD' s Interest Coverage Range Over the Past 10 Years
Min: 2.24 Med: 8.47 Max: No Debt
Current: 5.24

ISX:GMTD's Interest Coverage is ranked better than
55.27% of 1339 companies
in the Real Estate industry
Industry Median: 4.05 vs ISX:GMTD: 5.24

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 Gowa Makassar Tourism Development Tbk Interest Coverage Historical Data

The historical data trend for PT Gowa Makassar Tourism Development 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 Gowa Makassar Tourism Development Tbk Interest Coverage Chart

PT Gowa Makassar Tourism Development Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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4.59

2.24

2.28

5.24

PT Gowa Makassar Tourism Development Tbk 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															5.12	5.06	2.13	5.91	9.40

Competitive Comparison of PT Gowa Makassar Tourism Development Tbk's Interest Coverage

For the Real Estate - Development subindustry, PT Gowa Makassar Tourism Development 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 Gowa Makassar Tourism Development Tbk's Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, PT Gowa Makassar Tourism Development Tbk's Interest Coverage distribution charts can be found below:

* The bar in red indicates where PT Gowa Makassar Tourism Development Tbk's Interest Coverage falls into.

PT Gowa Makassar Tourism Development 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 Gowa Makassar Tourism Development 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 Gowa Makassar Tourism Development Tbk's Interest Expense was Rp-30,015 Mil. Its Operating Income was Rp157,170 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	157169.621	/	-30014.969
	=	5.24

PT Gowa Makassar Tourism Development Tbk's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, PT Gowa Makassar Tourism Development Tbk's Interest Expense was Rp-5,502 Mil. Its Operating Income was Rp51,690 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp0 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	51690.271	/	-5501.608
	=	9.40

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

PT Gowa Makassar Tourism Development Tbk (ISX:GMTD) 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 Gowa Makassar Tourism Development Tbk Interest Coverage Related Terms

Thank you for viewing the detailed overview of PT Gowa Makassar Tourism Development Tbk's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

PT Gowa Makassar Tourism Development Tbk (ISX:GMTD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » PT Gowa Makassar Tourism Development Tbk (ISX:GMTD) » Definitions » Interest Coverage

Comparable Companies

XTAE:YBOX BKK:CGD PHS:IRC HKSE:03366 BOM:514215 HKSE:00298 CAI:ZMID TSE:1814 XKLS:1503 SHSE:600890

Traded in Other Exchanges

N/A

Address

Jalan Metro Tanjung Bunga Mall GTC, GA-9 No. 1B, Tanjung Bunga, Sulawesi Selatan, Makassar, IDN, 90134

Website

https://www.tanjungbunga.com

PT Gowa Makassar Tourism Development Tbk engages in property development and investment business. It is involved in the development of residential estates, apartments, condominiums, hotels, recreational facilities, commercial complexes, real estate, and other supporting facilities. It classifies its business activities into two business segments, the Core segment which consists of sales of residential houses, shop houses, and ready-to-build land, and a supporting segment consisting of Akkarena tourism area management and urban management. Its projects include Residential and Commercial. Its organization is based in Indonesia and the majority of its revenues are derived from the real estate business.

PT Gowa Makassar Tourism Development Tbk (ISX:GMTD) Headlines

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