PT ICTSI Jasa Prima Tbk (ISX:KARW) Interest Coverage : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is PT ICTSI Jasa Prima 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 ICTSI Jasa Prima Tbk's Operating Income for the three months ended in Mar. 2024 was Rp910 Mil. PT ICTSI Jasa Prima Tbk's Interest Expense for the three months ended in Mar. 2024 was Rp0 Mil. PT ICTSI Jasa Prima Tbk has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. PT ICTSI Jasa Prima Tbk has enough cash to cover all of its debt. Its financial situation is stable.

(1) 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.

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

ISX:KARW' s Interest Coverage Range Over the Past 10 Years
Min: 28.19 Med: 558 Max: No Debt
Current: 271.23

ISX:KARW's Interest Coverage is ranked better than
95.12% of 819 companies
in the Transportation industry
Industry Median: 5.3 vs ISX:KARW: 271.23

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 ICTSI Jasa Prima Tbk Interest Coverage Historical Data

The historical data trend for PT ICTSI Jasa Prima 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 ICTSI Jasa Prima Tbk Interest Coverage Chart

PT ICTSI Jasa Prima Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

No Debt

31.50

319.60

558.00

PT ICTSI Jasa Prima 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															No Debt	455.50	25.00	101.00	No Debt

Competitive Comparison of PT ICTSI Jasa Prima Tbk's Interest Coverage

For the Marine Shipping subindustry, PT ICTSI Jasa Prima 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 ICTSI Jasa Prima Tbk's Interest Coverage Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, PT ICTSI Jasa Prima Tbk's Interest Coverage distribution charts can be found below:

* The bar in red indicates where PT ICTSI Jasa Prima Tbk's Interest Coverage falls into.

PT ICTSI Jasa Prima 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 ICTSI Jasa Prima 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 ICTSI Jasa Prima Tbk's Interest Expense was Rp-46 Mil. Its Operating Income was Rp25,806 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	*	25806.372	/	-46.248
	=	558.00

PT ICTSI Jasa Prima 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 ICTSI Jasa Prima Tbk's Interest Expense was Rp0 Mil. Its Operating Income was Rp910 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp0 Mil.

PT ICTSI Jasa Prima Tbk had no debt ⁽¹⁾.

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

PT ICTSI Jasa Prima Tbk (ISX:KARW) 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 ICTSI Jasa Prima Tbk Interest Coverage Related Terms

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

PT ICTSI Jasa Prima Tbk (ISX:KARW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » PT ICTSI Jasa Prima Tbk (ISX:KARW) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

Jalan Yos Sudarso Number 88, Suite 701, 7th Floor, Graha Kirana Building, Jakarta Utara, Jakarta, IDN, 14350

Website

http://www.ijp.co.id

PT ICTSI Jasa Prima Tbk is engaged in an operating container terminal. The services provided by the company include maintenance, upkeep, operation and utilization of maritime facilities. It also offers infrastructure facilities such as concession of berth and terminal, container yard. The company is also involved in the operation of machinery and technical, mechanical, electronic equipment, special scales, computer software and hardware related to facilities and infrastructure of maritime logistics and stevedoring services. The other business activities of the company include facilities and infrastructures development for maritime logistics, trading of various goods related to maritime logistics facilities and infrastructure, freight forwarding and warehousing.

PT ICTSI Jasa Prima Tbk (ISX:KARW) Headlines

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PT ICTSI Jasa Prima Tbk (ISX:KARW) Interest Coverage : No Debt (1) (As of Mar. 2024)