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Pungguk Ethanol Co (XKRX:023900) Interest Coverage : No Debt (1) (As of Mar. 2024)


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What is Pungguk Ethanol Co 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. Pungguk Ethanol Co's Operating Income for the three months ended in Mar. 2024 was ₩7,511 Mil. Pungguk Ethanol Co's Interest Expense for the three months ended in Mar. 2024 was ₩0 Mil. Pungguk Ethanol Co 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. Pungguk Ethanol Co Ltd 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 Pungguk Ethanol Co's Interest Coverage or its related term are showing as below:

XKRX:023900' s Interest Coverage Range Over the Past 10 Years
Min: 11.86   Med: 27.16   Max: 418.4
Current: 418.4


XKRX:023900's Interest Coverage is ranked better than
88.2% of 161 companies
in the Beverages - Alcoholic industry
Industry Median: 8.16 vs XKRX:023900: 418.40

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


Pungguk Ethanol Co Interest Coverage Historical Data

The historical data trend for Pungguk Ethanol Co'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.

Pungguk Ethanol Co Interest Coverage Chart

Pungguk Ethanol Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.69 29.41 26.07 11.86 418.40

Pungguk Ethanol Co 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 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 23.26 117.86 - - No Debt

Competitive Comparison of Pungguk Ethanol Co's Interest Coverage

For the Beverages - Brewers subindustry, Pungguk Ethanol Co'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.


Pungguk Ethanol Co's Interest Coverage Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Pungguk Ethanol Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Pungguk Ethanol Co's Interest Coverage falls into.



Pungguk Ethanol Co 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.

Pungguk Ethanol Co'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, Pungguk Ethanol Co's Interest Expense was ₩-28 Mil. Its Operating Income was ₩11,667 Mil. And its Long-Term Debt & Capital Lease Obligation was ₩0 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*11667.462/-27.886
=418.40

Pungguk Ethanol Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Pungguk Ethanol Co's Interest Expense was ₩0 Mil. Its Operating Income was ₩7,511 Mil. And its Long-Term Debt & Capital Lease Obligation was ₩0 Mil.

Pungguk Ethanol Co had no debt (1).

* 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.


Pungguk Ethanol Co  (XKRX:023900) 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 .


Pungguk Ethanol Co Interest Coverage Related Terms

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


Pungguk Ethanol Co (XKRX:023900) Business Description

Traded in Other Exchanges
N/A
Address
605-5 Daecheon-Dong, Dalseo-Gu, Daegu, KOR, 704-801
Pungguk Ethanol Co Ltd, formerly PoongKuk Alcohol Industry Co Ltd operates in liquor industry in Korea. It manufactures and markets alcohol, dry ice, liquid carbon dioxide gas, etc. The company also engages in leasing service in Seoul.

Pungguk Ethanol Co (XKRX:023900) Headlines

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