Maybank Securities (Thailand) PCL (BKK:MST) Interest Coverage : 1.51 (As of Mar. 2024)

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What is Maybank Securities (Thailand) 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. Maybank Securities (Thailand) PCL's Operating Income for the three months ended in Mar. 2024 was ฿180 Mil. Maybank Securities (Thailand) PCL's Interest Expense for the three months ended in Mar. 2024 was ฿-120 Mil. Maybank Securities (Thailand) PCL's interest coverage for the quarter that ended in Mar. 2024 was 1.51. 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. Maybank Securities (Thailand) 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 Maybank Securities (Thailand) PCL's Interest Coverage or its related term are showing as below:

BKK:MST' s Interest Coverage Range Over the Past 10 Years
Min: 0.65 Med: 1.82 Max: 4.25
Current: 0.99

BKK:MST's Interest Coverage is ranked worse than
91.7% of 458 companies
in the Capital Markets industry
Industry Median: 20.26 vs BKK:MST: 0.99

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

Maybank Securities (Thailand) PCL Interest Coverage Historical Data

The historical data trend for Maybank Securities (Thailand) 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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Maybank Securities (Thailand) PCL Interest Coverage Chart

Maybank Securities (Thailand) PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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0.65

2.69

4.25

3.21

1.19

Maybank Securities (Thailand) PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial															-	0.76	1.46	0.27	1.51

Competitive Comparison of Maybank Securities (Thailand) PCL's Interest Coverage

For the Capital Markets subindustry, Maybank Securities (Thailand) 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.

Maybank Securities (Thailand) PCL's Interest Coverage Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Maybank Securities (Thailand) PCL's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Maybank Securities (Thailand) PCL's Interest Coverage falls into.

Maybank Securities (Thailand) 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.

Maybank Securities (Thailand) 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, Maybank Securities (Thailand) PCL's Interest Expense was ฿-473 Mil. Its Operating Income was ฿562 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿51 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	562.184	/	-473.053
	=	1.19

Maybank Securities (Thailand) PCL's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Maybank Securities (Thailand) PCL's Interest Expense was ฿-120 Mil. Its Operating Income was ฿180 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿843 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	180.049	/	-119.561
	=	1.51

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

Maybank Securities (Thailand) PCL (BKK:MST) 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 .

Maybank Securities (Thailand) PCL Interest Coverage Related Terms

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

Maybank Securities (Thailand) PCL (BKK:MST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Maybank Securities (Thailand) PCL (BKK:MST) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rama 1 Road, 20th - 21st Floor and 25th Floor, 999/9 The Offices at Central World Building, Pathumwan Sub-District, Pathumwan District, Bangkok, THA, 10330

Website

https://www.maybank-ke.co.th

Maybank Securities (Thailand) PCL is a public limited company incorporated and domiciled in Thailand. The company has licenses for securities business, which are securities brokerage, securities trading, underwriting, investment advisory, corporate finance advisory, securities registrar, derivatives brokerage, and securities borrowing and lending. The company is organized into business units based on its products and services and has two segments, namely the Securities Business segment, which provides service according to brokering and derivative brokering and securities borrowing and lending, and the Investment Banking segment, which provides underwriting, investment advisory, securities borrowing, and lending and corporate finance advisory services.