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Sarawak Consolidated Industries Bhd (XKLS:9237) Interest Coverage : 2.97 (As of Dec. 2023)


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What is Sarawak Consolidated Industries 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. Sarawak Consolidated Industries Bhd's Operating Income for the three months ended in Dec. 2023 was RM1.8 Mil. Sarawak Consolidated Industries Bhd's Interest Expense for the three months ended in Dec. 2023 was RM-0.6 Mil. Sarawak Consolidated Industries Bhd's interest coverage for the quarter that ended in Dec. 2023 was 2.97. The higher the ratio, the stronger the company's financial strength is.

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

XKLS:9237' s Interest Coverage Range Over the Past 10 Years
Min: 0.77   Med: 1.1   Max: 17.46
Current: 2.32


XKLS:9237's Interest Coverage is ranked worse than
80.39% of 306 companies
in the Building Materials industry
Industry Median: 7.065 vs XKLS:9237: 2.32

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


Sarawak Consolidated Industries Bhd Interest Coverage Historical Data

The historical data trend for Sarawak Consolidated Industries 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.

* Premium members only.

Sarawak Consolidated Industries Bhd Interest Coverage Chart

Sarawak Consolidated Industries Bhd Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Jun21 Jun22 Jun23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.94 17.46 - -

Sarawak Consolidated Industries Bhd Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 1.11 0.57 4.52 2.97

Competitive Comparison of Sarawak Consolidated Industries Bhd's Interest Coverage

For the Building Materials subindustry, Sarawak Consolidated Industries 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.


Sarawak Consolidated Industries Bhd's Interest Coverage Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Sarawak Consolidated Industries Bhd's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Sarawak Consolidated Industries Bhd's Interest Coverage falls into.



Sarawak Consolidated Industries 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.

Sarawak Consolidated Industries Bhd's Interest Coverage for the fiscal year that ended in Jun. 2023 is calculated as

Here, for the fiscal year that ended in Jun. 2023, Sarawak Consolidated Industries Bhd's Interest Expense was RM-2.1 Mil. Its Operating Income was RM-2.1 Mil. And its Long-Term Debt & Capital Lease Obligation was RM22.2 Mil.

Sarawak Consolidated Industries Bhd did not have earnings to cover the interest expense.

Sarawak Consolidated Industries Bhd's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Sarawak Consolidated Industries Bhd's Interest Expense was RM-0.6 Mil. Its Operating Income was RM1.8 Mil. And its Long-Term Debt & Capital Lease Obligation was RM23.1 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*1.846/-0.621
=2.97

* 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.

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


Sarawak Consolidated Industries Bhd  (XKLS:9237) 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 .


Sarawak Consolidated Industries Bhd Interest Coverage Related Terms

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


Sarawak Consolidated Industries Bhd (XKLS:9237) Business Description

Traded in Other Exchanges
N/A
Address
Lot 1258, Jalan Utama, Pending Industrial Estate, Kuching, SWK, MYS, 93450
Sarawak Consolidated Industries Bhd is an investment holding company. The company's business segments are manufacturing, property trading, Corporate and Construction/EPCC/Project Management Segment. It generates maximum revenue from the Manufacturing segment. Manufacturing Segment involved in the manufacturing and sale of precast concrete pipes, prestressed spun concrete piles and other related concrete products as well as the manufacturing, supplying and installations of prefabricated Lightweight Systems products. Geographically it derives majority of revenue from Malaysia and also in presence in Indonesia, Oman and Qatar.

Sarawak Consolidated Industries Bhd (XKLS:9237) Headlines

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