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Graphjet Technology (Graphjet Technology) Interest Coverage

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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. Graphjet Technology's Operating Income for the six months ended in Sep. 2022 was $-0.90 Mil. Graphjet Technology's Interest Expense for the six months ended in Sep. 2022 was $-0.01 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Graphjet Technology's Interest Coverage or its related term are showing as below:


GTI's Interest Coverage is not ranked *
in the Chemicals industry.
Industry Median: 9.785
* 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.

Graphjet Technology Interest Coverage Historical Data

The historical data trend for Graphjet Technology'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.

Graphjet Technology Annual Data
Trend Sep21 Sep22
Interest Coverage
No Debt -

Graphjet Technology Semi-Annual Data
Sep21 Sep22
Interest Coverage No Debt -
Competitive Comparison

For the Specialty Chemicals subindustry, Graphjet Technology'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.

Graphjet Technology Interest Coverage Distribution

For the Chemicals industry and Basic Materials sector, Graphjet Technology's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Graphjet Technology's Interest Coverage falls into.


Graphjet Technology 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.

Graphjet Technology's Interest Coverage for the fiscal year that ended in Sep. 2022 is calculated as

Here, for the fiscal year that ended in Sep. 2022, Graphjet Technology's Interest Expense was $-0.01 Mil. Its Operating Income was $-0.90 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Graphjet Technology did not have earnings to cover the interest expense.

Graphjet Technology's Interest Coverage for the quarter that ended in Sep. 2022 is calculated as

Here, for the six months ended in Sep. 2022, Graphjet Technology's Interest Expense was $-0.01 Mil. Its Operating Income was $-0.90 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Graphjet Technology did not have earnings to cover the interest expense.

* 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.

Graphjet Technology  (NAS:GTI) 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 .

Graphjet Technology Interest Coverage Related Terms

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Graphjet Technology (Graphjet Technology) Business Description

Industry
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N/A
Address
Unit No L4-E-8, Enterprise 4, Technology Park Malaysia Bukit Jalil, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 57000
Website
https://www.graphjettech.com
Graphjet Technology Sdn Bhd is a fast-growing organization that aims to be a global leader in generating value by producing the most innovative, green, and low-cost graphene, graphite and graphene-based anode materials. Graphjet is the owner of the state-of-the-art technology for the manufacture of artificial graphene and graphite used to produce critical raw materials used in a variety of industries. Its current primary business is to develop its palm-based artificial graphene and graphite manufacturing business with its proprietary patentable technology to utilize palm kernel shells in the process of manufacturing and production of artificial graphene and graphite and related application products.

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