Tiong Nam Logistics Holdings Bhd (XKLS:8397) Interest Coverage : 4.18 (As of Dec. 2023)

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What is Tiong Nam Logistics Holdings 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. Tiong Nam Logistics Holdings Bhd's Operating Income for the three months ended in Dec. 2023 was RM81.2 Mil. Tiong Nam Logistics Holdings Bhd's Interest Expense for the three months ended in Dec. 2023 was RM-19.4 Mil. Tiong Nam Logistics Holdings Bhd's interest coverage for the quarter that ended in Dec. 2023 was 4.18. 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. Tiong Nam Logistics Holdings Bhd interest coverage is 2.64, which is low.

The historical rank and industry rank for Tiong Nam Logistics Holdings Bhd's Interest Coverage or its related term are showing as below:

XKLS:8397' s Interest Coverage Range Over the Past 10 Years
Min: 1.17 Med: 2.26 Max: 7.71
Current: 2.64

XKLS:8397's Interest Coverage is ranked worse than
71.87% of 814 companies
in the Transportation industry
Industry Median: 5.325 vs XKLS:8397: 2.64

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

Tiong Nam Logistics Holdings Bhd Interest Coverage Historical Data

The historical data trend for Tiong Nam Logistics Holdings 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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Tiong Nam Logistics Holdings Bhd Interest Coverage Chart

Tiong Nam Logistics Holdings Bhd Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

Get a 7-Day Free Trial

1.17

1.18

1.49

1.67

2.02

Tiong Nam Logistics Holdings 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															1.29	3.49	1.24	1.24	4.18

Competitive Comparison of Tiong Nam Logistics Holdings Bhd's Interest Coverage

For the Integrated Freight & Logistics subindustry, Tiong Nam Logistics Holdings 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.

Tiong Nam Logistics Holdings Bhd's Interest Coverage Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Tiong Nam Logistics Holdings Bhd's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Tiong Nam Logistics Holdings Bhd's Interest Coverage falls into.

Tiong Nam Logistics Holdings 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.

Tiong Nam Logistics Holdings Bhd's Interest Coverage for the fiscal year that ended in Mar. 2023 is calculated as

Here, for the fiscal year that ended in Mar. 2023, Tiong Nam Logistics Holdings Bhd's Interest Expense was RM-46.5 Mil. Its Operating Income was RM94.1 Mil. And its Long-Term Debt & Capital Lease Obligation was RM1,010.2 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	94.058	/	-46.548
	=	2.02

Tiong Nam Logistics Holdings Bhd's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Tiong Nam Logistics Holdings Bhd's Interest Expense was RM-19.4 Mil. Its Operating Income was RM81.2 Mil. And its Long-Term Debt & Capital Lease Obligation was RM1,180.2 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	81.239	/	-19.424
	=	4.18

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

Tiong Nam Logistics Holdings Bhd (XKLS:8397) 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 .

Tiong Nam Logistics Holdings Bhd Interest Coverage Related Terms

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

Tiong Nam Logistics Holdings Bhd (XKLS:8397) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Tiong Nam Logistics Holdings Bhd (XKLS:8397) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Kempas Baru, Lot 30462, Johor Bahru, JHR, MYS, 81200

Website

http://www.tiongnam.com

Tiong Nam Logistics Holdings Bhd is a Malaysia-based investment holding company engaged in the provision of fully integrated logistics and warehousing services in the Asia Pacific region. It operates through four segments namely Logistics and warehousing services, which is the key revenue driver; Investment, Property Development, and Hotel and dormitory. It offers a variety of services such as warehouse space management services, trucking delivery, cross-border transfers, container haulage, heavy transportation, and last measure delivery for e-commerce companies. The company operates mainly in Malaysia.

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