Polynet PCL (BKK:POLY) Interest Coverage : 46.21 (As of Mar. 2024)

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What is Polynet 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. Polynet PCL's Operating Income for the three months ended in Mar. 2024 was ฿48.8 Mil. Polynet PCL's Interest Expense for the three months ended in Mar. 2024 was ฿-1.1 Mil. Polynet PCL's interest coverage for the quarter that ended in Mar. 2024 was 46.21. The higher the ratio, the stronger the company's financial strength is.

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

BKK:POLY' s Interest Coverage Range Over the Past 10 Years
Min: 3.71 Med: 9.52 Max: 25.2
Current: 25.2

BKK:POLY's Interest Coverage is ranked better than
62.94% of 2280 companies
in the Industrial Products industry
Industry Median: 13.775 vs BKK:POLY: 25.20

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

Polynet PCL Interest Coverage Historical Data

The historical data trend for Polynet 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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Polynet PCL Interest Coverage Chart

Polynet PCL Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Coverage

3.71

11.03

8.01

16.48

Polynet PCL Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial							9.71	6.78	34.82	43.23	46.21

Competitive Comparison of Polynet PCL's Interest Coverage

For the Metal Fabrication subindustry, Polynet 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.

Polynet PCL's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Polynet PCL's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Polynet PCL's Interest Coverage falls into.

Polynet 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.

Polynet 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, Polynet PCL's Interest Expense was ฿-9.2 Mil. Its Operating Income was ฿151.1 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿54.8 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	151.055	/	-9.165
	=	16.48

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

Here, for the three months ended in Mar. 2024, Polynet PCL's Interest Expense was ฿-1.1 Mil. Its Operating Income was ฿48.8 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿48.0 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	48.844	/	-1.057
	=	46.21

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

Polynet PCL (BKK:POLY) 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 .

Polynet PCL Interest Coverage Related Terms

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

Polynet PCL (BKK:POLY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Polynet PCL (BKK:POLY) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

888 Moo 11, Bangsaothong District, Bangsaothong Subdistrict, SamutPrakarn, THA, 10570

Website

https://www.polynet.co.th

Polynet PCL is engaged in the forming, manufacturing and distributing products related to rubber, plastic, silicone, molds for the automotive industry, medical tools and equipment and consumer products.