Tenaga Nasional Bhd (Tenaga Nasional Bhd) Interest Coverage : 0.64 (As of Dec. 2023)

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What is Tenaga Nasional Bhd 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. Tenaga Nasional Bhd's Operating Income for the three months ended in Dec. 2023 was $141 Mil. Tenaga Nasional Bhd's Interest Expense for the three months ended in Dec. 2023 was $-221 Mil. Tenaga Nasional Bhd's interest coverage for the quarter that ended in Dec. 2023 was 0.64. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Tenaga Nasional Bhd interest coverage is 1.51, which is low.

The historical rank and industry rank for Tenaga Nasional Bhd's Interest Coverage or its related term are showing as below:

TNABY' s Interest Coverage Range Over the Past 10 Years
Min: 1.51 Med: 3.43 Max: 8.22
Current: 1.51

TNABY's Interest Coverage is ranked worse than
84.77% of 440 companies
in the Utilities - Regulated industry
Industry Median: 3.75 vs TNABY: 1.51

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

Tenaga Nasional Bhd Interest Coverage Historical Data

The historical data trend for Tenaga Nasional Bhd'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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Tenaga Nasional Bhd Interest Coverage Chart

Tenaga Nasional Bhd Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

2.26

1.97

2.23

2.05

1.51

Tenaga Nasional Bhd 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															0.77	1.82	1.72	1.80	0.64

Competitive Comparison of Tenaga Nasional Bhd's Interest Coverage

For the Utilities - Regulated Electric subindustry, Tenaga Nasional Bhd'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.

Tenaga Nasional Bhd's Interest Coverage Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Tenaga Nasional Bhd's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Tenaga Nasional Bhd's Interest Coverage falls into.

Tenaga Nasional Bhd 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.

Tenaga Nasional Bhd'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, Tenaga Nasional Bhd's Interest Expense was $-945 Mil. Its Operating Income was $1,430 Mil. And its Long-Term Debt & Capital Lease Obligation was $17,672 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	1430.335	/	-945.341
	=	1.51

Tenaga Nasional Bhd's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Tenaga Nasional Bhd's Interest Expense was $-221 Mil. Its Operating Income was $141 Mil. And its Long-Term Debt & Capital Lease Obligation was $17,672 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	140.833	/	-220.545
	=	0.64

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

Tenaga Nasional Bhd (OTCPK:TNABY) 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 .

Tenaga Nasional Bhd Interest Coverage Related Terms

Thank you for viewing the detailed overview of Tenaga Nasional Bhd's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Tenaga Nasional Bhd (Tenaga Nasional Bhd) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Tenaga Nasional Bhd (OTCPK:TNABY) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

5347:Malaysia

Address

No. 3, Jalan Bukit Pantai, Tingkat 16, Tower A, TNB Platinum, Pejabat Setiausaha Syarikat, Bangsar, Kuala Lumpur, SGR, MYS, 59100

Website

https://www.tnb.com.my

Tenaga Nasional Bhd, or TNB, is the largest electric utility company in Malaysia. The company is involved in the generation, transmission, distribution, and sale of electricity. TNB segments its operations into a generation division, a transmission division, and a distribution division. The generation division encompasses the company's portfolio of thermal and hydroelectric power plants located throughout Malaysia. Through its subsidiaries, TNB also engages in other energy-related operations, such as the manufacturing of transformers and the providing of consulting services. The company primarily generates revenue through the sale of electricity in West Malaysia. Its customers are mainly commercial operations, domestic consumers, and large industrial entities.

Tenaga Nasional Bhd (Tenaga Nasional Bhd) Headlines

From GuruFocus

Tenaga Nasional Bhd Stock Appears To Be Modestly Undervalued

By GF Value • 07-10-2021