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Asia Network International PCL (BKK:ANI) Interest Coverage : 12.96 (As of Mar. 2024)


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What is Asia Network International PCL 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. Asia Network International PCL's Operating Income for the three months ended in Mar. 2024 was ฿198 Mil. Asia Network International PCL's Interest Expense for the three months ended in Mar. 2024 was ฿-15 Mil. Asia Network International PCL's interest coverage for the quarter that ended in Mar. 2024 was 12.96. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Asia Network International PCL's Interest Coverage or its related term are showing as below:

BKK:ANI' s Interest Coverage Range Over the Past 10 Years
Min: 16.23   Med: 337.39   Max: 478.31
Current: 16.23


BKK:ANI's Interest Coverage is ranked better than
75.03% of 813 companies
in the Transportation industry
Industry Median: 5.34 vs BKK:ANI: 16.23

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


Asia Network International PCL Interest Coverage Historical Data

The historical data trend for Asia Network International PCL'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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Asia Network International PCL Interest Coverage Chart

Asia Network International PCL Annual Data
Trend Dec21 Dec22 Dec23
Interest Coverage
337.39 478.31 18.44

Asia Network International PCL Quarterly Data
Dec21 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
Interest Coverage Get a 7-Day Free Trial 445.98 23.69 15.38 20.42 12.96

Competitive Comparison of Asia Network International PCL's Interest Coverage

For the Integrated Freight & Logistics subindustry, Asia Network International PCL'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.


Asia Network International PCL's Interest Coverage Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Asia Network International PCL's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Asia Network International PCL's Interest Coverage falls into.



Asia Network International PCL 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.

Asia Network International PCL'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, Asia Network International PCL's Interest Expense was ฿-57 Mil. Its Operating Income was ฿1,052 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿730 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*1052.055/-57.046
=18.44

Asia Network International PCL's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Asia Network International PCL's Interest Expense was ฿-15 Mil. Its Operating Income was ฿198 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿675 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*197.622/-15.253
=12.96

* 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.


Asia Network International PCL  (BKK:ANI) 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 .


Asia Network International PCL Interest Coverage Related Terms

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Asia Network International PCL (BKK:ANI) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Soi Klab Chom, Nonsee Road, No. 628, Triple I Building, 6th Floor, Chongnonsee, Yannawa, Bangkok, THA, 10120
Asia Network International PCL is a A holding company with core business in Cargo General Sales and Services Agent or Cargo GSSA for reputable airlines in 8 countries and special administrative region around Southeast Asia. The operations of the company is to provide air-cargo logistics services to both domestic and international customers.

Asia Network International PCL (BKK:ANI) Headlines

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