Sub Sri Thai PCL (BKK:SST) Interest Coverage : 0.20 (As of Dec. 2023)

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What is Sub Sri Thai 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. Sub Sri Thai PCL's Operating Income for the three months ended in Dec. 2023 was ฿11 Mil. Sub Sri Thai PCL's Interest Expense for the three months ended in Dec. 2023 was ฿-58 Mil. Sub Sri Thai PCL's interest coverage for the quarter that ended in Dec. 2023 was 0.20. 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. Sub Sri Thai 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 Sub Sri Thai PCL's Interest Coverage or its related term are showing as below:

BKK:SST' s Interest Coverage Range Over the Past 10 Years
Min: 0.22 Med: 0.7 Max: 1.46
Current: 0.8

BKK:SST's Interest Coverage is ranked worse than
94.03% of 1373 companies
in the Consumer Packaged Goods industry
Industry Median: 8.55 vs BKK:SST: 0.80

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

Sub Sri Thai PCL Interest Coverage Historical Data

The historical data trend for Sub Sri Thai 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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Sub Sri Thai PCL Interest Coverage Chart

Sub Sri Thai PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

1.14

0.46

1.20

0.80

Sub Sri Thai PCL Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															2.08	1.11	1.07	0.82	0.20

Competitive Comparison of Sub Sri Thai PCL's Interest Coverage

For the Packaged Foods subindustry, Sub Sri Thai 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.

Sub Sri Thai PCL's Interest Coverage Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Sub Sri Thai PCL's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Sub Sri Thai PCL's Interest Coverage falls into.

Sub Sri Thai 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.

Sub Sri Thai 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, Sub Sri Thai PCL's Interest Expense was ฿-233 Mil. Its Operating Income was ฿186 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿2,601 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	186.492	/	-233.489
	=	0.80

Sub Sri Thai PCL's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Sub Sri Thai PCL's Interest Expense was ฿-58 Mil. Its Operating Income was ฿11 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿2,601 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	11.488	/	-58.39
	=	0.20

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

Sub Sri Thai PCL (BKK:SST) 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 .

Sub Sri Thai PCL Interest Coverage Related Terms

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

Sub Sri Thai PCL (BKK:SST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Sub Sri Thai PCL (BKK:SST) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Soi Pattanakarn 20, 206, Plaza Building, 4th Floor, Suan Luang Sub-District, Suan Luang District, Bangkok, THA, 10250

Website

https://www.subsrithai.co.th

Sub Sri Thai PCL is engaged in warehouse rental, storage of documents and electronic media, and wharf services. The reportable segments of the company are Food and beverage which produces and distributes snacks, drinks, ice cream, and restaurants; The Warehouse and wharf segment which provides warehouse rental, document and electronic media storage, and wharf services, and the Garment segment which produces and distributes clothing and leatherwork. The company derives a majority of its revenue from the Food and beverage segment. Geographically, the group has a business presence in Thailand and other countries.