PT Prasidha Aneka Niaga Tbk (ISX:PSDN) Interest Coverage : 5.58 (As of Dec. 2010)

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What is PT Prasidha Aneka Niaga 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 Prasidha Aneka Niaga Tbk's Operating Income for the six months ended in Dec. 2010 was Rp46,247 Mil. PT Prasidha Aneka Niaga Tbk's Interest Expense for the six months ended in Dec. 2010 was Rp-8,285 Mil. PT Prasidha Aneka Niaga Tbk's interest coverage for the quarter that ended in Dec. 2010 was 5.58. The higher the ratio, the stronger the company's financial strength is.

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

ISX:PSDN's Interest Coverage is not ranked ^*
in the Consumer Packaged Goods industry.
Industry Median: 8.635
* 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 Prasidha Aneka Niaga Tbk Interest Coverage Historical Data

The historical data trend for PT Prasidha Aneka Niaga 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 Prasidha Aneka Niaga Tbk Interest Coverage Chart

PT Prasidha Aneka Niaga Tbk Annual Data

Trend

Dec08

Dec09

Dec10

Interest Coverage

5.92

4.10

5.58

PT Prasidha Aneka Niaga Tbk Semi-Annual Data
	Dec08	Dec09	Dec10
Interest Coverage	5.92	4.10	5.58

Competitive Comparison of PT Prasidha Aneka Niaga Tbk's Interest Coverage

For the Packaged Foods subindustry, PT Prasidha Aneka Niaga 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 Prasidha Aneka Niaga Tbk's Interest Coverage Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Prasidha Aneka Niaga Tbk's Interest Coverage distribution charts can be found below:

* The bar in red indicates where PT Prasidha Aneka Niaga Tbk's Interest Coverage falls into.

PT Prasidha Aneka Niaga 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 Prasidha Aneka Niaga Tbk's Interest Coverage for the fiscal year that ended in Dec. 2010 is calculated as

Here, for the fiscal year that ended in Dec. 2010, PT Prasidha Aneka Niaga Tbk's Interest Expense was Rp-8,285 Mil. Its Operating Income was Rp46,247 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2010 )	/	Interest Expense (A: Dec. 2010 )
	=	-1	*	46246.665	/	-8285.001
	=	5.58

PT Prasidha Aneka Niaga Tbk's Interest Coverage for the quarter that ended in Dec. 2010 is calculated as

Here, for the six months ended in Dec. 2010, PT Prasidha Aneka Niaga Tbk's Interest Expense was Rp-8,285 Mil. Its Operating Income was Rp46,247 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp0 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2010 )	/	Interest Expense (Q: Dec. 2010 )
	=	-1	*	46246.665	/	-8285.001
	=	5.58

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

PT Prasidha Aneka Niaga Tbk (ISX:PSDN) 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 Prasidha Aneka Niaga Tbk Interest Coverage Related Terms

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

PT Prasidha Aneka Niaga Tbk (ISX:PSDN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PT Prasidha Aneka Niaga Tbk (ISX:PSDN) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Jend. Sudirman No. 47, Plaza Sentral Building, 20th Floor, Jakarta, IDN, 12930

Website

https://www.prasidha.co.id

PT Prasidha Aneka Niaga Tbk is a company engaged in the agricultural products industry. Its primary business activities are processing and trading agricultural commodities like crumb rubber and coffee. The company's operating segment includes Agricultural products processing and trading; Roasted and instant coffee manufacturing and Plantations and processing of agricultural products. It generates maximum revenue from the Roasted and instant coffee manufacturing segment. The company has operations in Indonesia and foreign countries.