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Pinthong Industrial Park (BKK:PIN) Interest Coverage : 58.87 (As of Sep. 2024)


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What is Pinthong Industrial Park 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. Pinthong Industrial Park's Operating Income for the three months ended in Sep. 2024 was ฿464 Mil. Pinthong Industrial Park's Interest Expense for the three months ended in Sep. 2024 was ฿-8 Mil. Pinthong Industrial Park's interest coverage for the quarter that ended in Sep. 2024 was 58.87. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Pinthong Industrial Park's Interest Coverage or its related term are showing as below:

BKK:PIN' s Interest Coverage Range Over the Past 10 Years
Min: 3.96   Med: 13.98   Max: 91.41
Current: 91.41


BKK:PIN's Interest Coverage is ranked better than
86.25% of 1316 companies
in the Real Estate industry
Industry Median: 3.895 vs BKK:PIN: 91.41

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


Pinthong Industrial Park Interest Coverage Historical Data

The historical data trend for Pinthong Industrial Park'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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Pinthong Industrial Park Interest Coverage Chart

Pinthong Industrial Park Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial 18.24 36.38 9.71 3.96 24.79

Pinthong Industrial Park Quarterly Data
Dec18 Dec19 Jun20 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 31.49 79.24 1,643.20 80.57 58.87

Competitive Comparison of Pinthong Industrial Park's Interest Coverage

For the Real Estate - Development subindustry, Pinthong Industrial Park'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.


Pinthong Industrial Park's Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Pinthong Industrial Park's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Pinthong Industrial Park's Interest Coverage falls into.



Pinthong Industrial Park 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.

Pinthong Industrial Park'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, Pinthong Industrial Park's Interest Expense was ฿-55 Mil. Its Operating Income was ฿1,373 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿1,481 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*1373.034/-55.384
=24.79

Pinthong Industrial Park's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the three months ended in Sep. 2024, Pinthong Industrial Park's Interest Expense was ฿-8 Mil. Its Operating Income was ฿464 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿1,730 Mil.

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*464.227/-7.886
=58.87

* 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.


Pinthong Industrial Park  (BKK:PIN) 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 .


Pinthong Industrial Park Interest Coverage Related Terms

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


Pinthong Industrial Park Business Description

Traded in Other Exchanges
Address
No. 789, Moo 1, Sai Nong Kho - Laem Chabang Road, Nong Kham Subdistrict, Sriracha, Chonburi, THA, 20230
Pinthong Industrial Park PLC is engaged in the development of real estate projects industrial estate and buildings for rent. Its operations are carried on only in Thailand.

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