PT Indo Tambangraya Megah Tbk (PT Indo Tambangraya Megah Tbk) Interest Coverage : 142.17 (As of Dec. 2023)

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What is PT Indo Tambangraya Megah Tbk 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. PT Indo Tambangraya Megah Tbk's Operating Income for the three months ended in Dec. 2023 was $110 Mil. PT Indo Tambangraya Megah Tbk's Interest Expense for the three months ended in Dec. 2023 was $-1 Mil. PT Indo Tambangraya Megah Tbk's interest coverage for the quarter that ended in Dec. 2023 was 142.17. 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. PT Indo Tambangraya Megah Tbk has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for PT Indo Tambangraya Megah Tbk's Interest Coverage or its related term are showing as below:

ITAYY' s Interest Coverage Range Over the Past 10 Years
Min: 28.89 Med: 271.74 Max: 612.99
Current: 279.37

ITAYY's Interest Coverage is ranked better than
73.64% of 129 companies
in the Other Energy Sources industry
Industry Median: 21.02 vs ITAYY: 279.37

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

PT Indo Tambangraya Megah Tbk Interest Coverage Historical Data

The historical data trend for PT Indo Tambangraya Megah Tbk'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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PT Indo Tambangraya Megah Tbk Interest Coverage Chart

PT Indo Tambangraya Megah Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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119.28

28.89

402.81

612.99

279.82

PT Indo Tambangraya Megah Tbk 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															857.32	317.33	343.51	504.08	142.17

Competitive Comparison of PT Indo Tambangraya Megah Tbk's Interest Coverage

For the Thermal Coal subindustry, PT Indo Tambangraya Megah Tbk'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.

PT Indo Tambangraya Megah Tbk's Interest Coverage Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, PT Indo Tambangraya Megah Tbk's Interest Coverage distribution charts can be found below:

* The bar in red indicates where PT Indo Tambangraya Megah Tbk's Interest Coverage falls into.

PT Indo Tambangraya Megah Tbk 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.

PT Indo Tambangraya Megah Tbk'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, PT Indo Tambangraya Megah Tbk's Interest Expense was $-2 Mil. Its Operating Income was $601 Mil. And its Long-Term Debt & Capital Lease Obligation was $8 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	601.053	/	-2.148
	=	279.82

PT Indo Tambangraya Megah Tbk's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, PT Indo Tambangraya Megah Tbk's Interest Expense was $-1 Mil. Its Operating Income was $110 Mil. And its Long-Term Debt & Capital Lease Obligation was $8 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	110.042	/	-0.774
	=	142.17

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

PT Indo Tambangraya Megah Tbk (OTCPK:ITAYY) 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 .

PT Indo Tambangraya Megah Tbk Interest Coverage Related Terms

Thank you for viewing the detailed overview of PT Indo Tambangraya Megah Tbk's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

PT Indo Tambangraya Megah Tbk (PT Indo Tambangraya Megah Tbk) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » PT Indo Tambangraya Megah Tbk (OTCPK:ITAYY) » Definitions » Interest Coverage

Traded in Other Exchanges

PTIZF:USA ITMG:Indonesia 3IB:Germany

Address

Jalan Sultan Iskandar Muda, Pondok Indah Office Tower III, 3rd Floor, Kav V-TA, Jakarta, IDN, 12310

Website

https://www.itmg.co.id

PT Indo Tambangraya Megah Tbk is an Indonesia-based coal mining company. It operates in three segments: Upstream business, which includes coal mining, blending, and sales; Energy supply chain management segment includes fuel distribution, sales, and logistics, as well as empowerment of internal mining contractors; and Downstream segment includes the development of power plants and renewable energy ventures. The company's geographical segments include Taiwan, China, Hong Kong, and Korea; Domestic; South East Asia (excluding Indonesia), India, and Pakistan; Japan; Europe; and Australia & Oceania.

PT Indo Tambangraya Megah Tbk (PT Indo Tambangraya Megah Tbk) Headlines

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