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Synergetic Auto Performance PCL (BKK:ASAP) Interest Coverage : 1.99 (As of Jun. 2024)


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What is Synergetic Auto Performance 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. Synergetic Auto Performance PCL's Operating Income for the three months ended in Jun. 2024 was ฿167 Mil. Synergetic Auto Performance PCL's Interest Expense for the three months ended in Jun. 2024 was ฿-84 Mil. Synergetic Auto Performance PCL's interest coverage for the quarter that ended in Jun. 2024 was 1.99. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Synergetic Auto Performance PCLs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

The historical rank and industry rank for Synergetic Auto Performance PCL's Interest Coverage or its related term are showing as below:

BKK:ASAP' s Interest Coverage Range Over the Past 10 Years
Min: 0.27   Med: 1.16   Max: 1.5
Current: 0.44


BKK:ASAP's Interest Coverage is ranked worse than
98.12% of 796 companies
in the Business Services industry
Industry Median: 13.69 vs BKK:ASAP: 0.44

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


Synergetic Auto Performance PCL Interest Coverage Historical Data

The historical data trend for Synergetic Auto Performance 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.

* Premium members only.

Synergetic Auto Performance PCL Interest Coverage Chart

Synergetic Auto Performance PCL 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 0.91 0.77 0.27 1.16 -

Synergetic Auto Performance PCL Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 1.24 - - 2.56 1.99

Competitive Comparison of Synergetic Auto Performance PCL's Interest Coverage

For the Rental & Leasing Services subindustry, Synergetic Auto Performance 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.


Synergetic Auto Performance PCL's Interest Coverage Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Synergetic Auto Performance PCL's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Synergetic Auto Performance PCL's Interest Coverage falls into.



Synergetic Auto Performance 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.

Synergetic Auto Performance 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, Synergetic Auto Performance PCL's Interest Expense was ฿-227 Mil. Its Operating Income was ฿-59 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿3,423 Mil.

Synergetic Auto Performance PCL did not have earnings to cover the interest expense.

Synergetic Auto Performance PCL's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Here, for the three months ended in Jun. 2024, Synergetic Auto Performance PCL's Interest Expense was ฿-84 Mil. Its Operating Income was ฿167 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿3,372 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*166.57/-83.773
=1.99

* 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.


Synergetic Auto Performance PCL  (BKK:ASAP) 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 .


Synergetic Auto Performance PCL Interest Coverage Related Terms

Thank you for viewing the detailed overview of Synergetic Auto Performance PCL's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Synergetic Auto Performance PCL Business Description

Traded in Other Exchanges
N/A
Address
149 Moo 3, Theparak Road, Theparak, A., Muang Samutprakarn, Samut Prakarn, THA, 10270
Synergetic Auto Performance PCL is a Thailand-based company engaged in the car rental business. The principal activity of the company is to provide cars for rent and selling of used cars, including related car maintenance services and renting property. The company operates in four principal segments: Car rental; Selling of used cars; and Renting property and other services, Non-life insurance broker. Its operations are mainly carried in Thailand. The company generates a vast majority of the revenues from the Car rental business.

Synergetic Auto Performance PCL Headlines

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