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Precious Shipping PCL (BKK:PSL) Interest Coverage : 2.90 (As of Sep. 2024)


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What is Precious Shipping 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. Precious Shipping PCL's Operating Income for the three months ended in Sep. 2024 was ฿400 Mil. Precious Shipping PCL's Interest Expense for the three months ended in Sep. 2024 was ฿-138 Mil. Precious Shipping PCL's interest coverage for the quarter that ended in Sep. 2024 was 2.90. The higher the ratio, the stronger the company's financial strength is.

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

BKK:PSL' s Interest Coverage Range Over the Past 10 Years
Min: 0.28   Med: 1.15   Max: 13.83
Current: 2.95


BKK:PSL's Interest Coverage is ranked worse than
70.7% of 819 companies
in the Transportation industry
Industry Median: 5.81 vs BKK:PSL: 2.95

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


Precious Shipping PCL Interest Coverage Historical Data

The historical data trend for Precious Shipping 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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Precious Shipping PCL Interest Coverage Chart

Precious Shipping 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 0.65 0.28 12.26 13.83 1.95

Precious Shipping PCL 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 1.07 2.09 3.59 3.71 2.90

Competitive Comparison of Precious Shipping PCL's Interest Coverage

For the Marine Shipping subindustry, Precious Shipping 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.


Precious Shipping PCL's Interest Coverage Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Precious Shipping PCL's Interest Coverage distribution charts can be found below:

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



Precious Shipping 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.

Precious Shipping 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, Precious Shipping PCL's Interest Expense was ฿-553 Mil. Its Operating Income was ฿1,080 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿5,548 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*1079.833/-552.695
=1.95

Precious Shipping PCL's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the three months ended in Sep. 2024, Precious Shipping PCL's Interest Expense was ฿-138 Mil. Its Operating Income was ฿400 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿5,541 Mil.

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*399.936/-137.745
=2.90

* 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.


Precious Shipping PCL  (BKK:PSL) 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 .


Precious Shipping PCL Interest Coverage Related Terms

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


Precious Shipping PCL Business Description

Traded in Other Exchanges
Address
No. 8 North Sathorn Road, G, 7th, 8th and 9th floor, Silom, Bangrak, Bangkok, THA, 10500
Precious Shipping PCL is a Thailand-based holding company engaged in the marine transportation business. It's involved in the business of owning and operating (chartering) small handy-sized and supramax dry bulk vessels, on a tramp shipping basis without any set routes. The chartering of the vessels is undertaken in two ways: time charter and voyage charge. This is the only industry segment in which the Group mainly operates and almost the majority of the revenue is generated from this segment.

Precious Shipping PCL Headlines