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Airports Of Thailand (BKK:AOT) Interest Coverage : 9.65 (As of Sep. 2024)


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What is Airports Of Thailand 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. Airports Of Thailand's Operating Income for the three months ended in Sep. 2024 was ฿6,489 Mil. Airports Of Thailand's Interest Expense for the three months ended in Sep. 2024 was ฿-672 Mil. Airports Of Thailand's interest coverage for the quarter that ended in Sep. 2024 was 9.65. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Airports Of Thailand's Interest Coverage or its related term are showing as below:

BKK:AOT' s Interest Coverage Range Over the Past 10 Years
Min: 5.05   Med: 15.96   Max: 37.49
Current: 9.98


BKK:AOT's Interest Coverage is ranked better than
65.69% of 819 companies
in the Transportation industry
Industry Median: 5.81 vs BKK:AOT: 9.98

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


Airports Of Thailand Interest Coverage Historical Data

The historical data trend for Airports Of Thailand'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.

Airports Of Thailand Interest Coverage Chart

Airports Of Thailand Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.28 - - 5.05 9.98

Airports Of Thailand Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 7.49 9.45 11.50 9.23 9.65

Competitive Comparison of Airports Of Thailand's Interest Coverage

For the Airports & Air Services subindustry, Airports Of Thailand'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.


Airports Of Thailand's Interest Coverage Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Airports Of Thailand's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Airports Of Thailand's Interest Coverage falls into.



Airports Of Thailand 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.

Airports Of Thailand's Interest Coverage for the fiscal year that ended in Sep. 2024 is calculated as

Here, for the fiscal year that ended in Sep. 2024, Airports Of Thailand's Interest Expense was ฿-2,757 Mil. Its Operating Income was ฿27,500 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿47,393 Mil.

Interest Coverage=-1* Operating Income (A: Sep. 2024 )/Interest Expense (A: Sep. 2024 )
=-1*27499.684/-2756.837
=9.98

Airports Of Thailand's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the three months ended in Sep. 2024, Airports Of Thailand's Interest Expense was ฿-672 Mil. Its Operating Income was ฿6,489 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿47,393 Mil.

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*6489.143/-672.325
=9.65

* 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.


Airports Of Thailand  (BKK:AOT) 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 .


Airports Of Thailand Interest Coverage Related Terms

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


Airports Of Thailand Business Description

Address
No. 333, Cherdwutagard Road, Sikan, Don Mueang, Bangkok, THA, 10210
Airports Of Thailand PLC operates airports and provides services related to air transportation. Its airports, located in Thailand, serve both domestic and international flights. The company operates in various business segments such as airport management business, hotel business, ground aviation services, security business, and manages projects on perishable goods. The majority of its revenue is derived from its airport management business under which it generates income mainly from two categories of services: aeronautical and nonaeronautical. Aeronautical revenue is associated with air traffic, including landing and parking charges, and passenger and aircraft service charges. Nonaeronautical revenue is generated from office and state property rents.

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