Thai Oil PCL (BKK:TOP) Interest Coverage : 4.29 (As of Dec. 2024)

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What is Thai Oil 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. Thai Oil PCL's Operating Income for the three months ended in Dec. 2024 was ฿4,227 Mil. Thai Oil PCL's Interest Expense for the three months ended in Dec. 2024 was ฿-986 Mil. Thai Oil PCL's interest coverage for the quarter that ended in Dec. 2024 was 4.29. The higher the ratio, the stronger the company's financial strength is.

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

BKK:TOP' s Interest Coverage Range Over the Past 10 Years
Min: 1.94 Med: 6.37 Max: 11.47
Current: 3.18

BKK:TOP's Interest Coverage is ranked worse than
69.35% of 721 companies
in the Oil & Gas industry
Industry Median: 5.78 vs BKK:TOP: 3.18

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

Thai Oil PCL Interest Coverage Historical Data

The historical data trend for Thai Oil 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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Thai Oil PCL Interest Coverage Chart

Thai Oil PCL Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Coverage

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6.37

11.47

7.23

3.18

Thai Oil PCL Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Coverage	Get a 7-Day Free Trial															2.17	8.51	6.29	-	4.29

Competitive Comparison of Thai Oil PCL's Interest Coverage

For the Oil & Gas Refining & Marketing subindustry, Thai Oil 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.

Thai Oil PCL's Interest Coverage Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Thai Oil PCL's Interest Coverage distribution charts can be found below:

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

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Thai Oil 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.

Thai Oil PCL's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, Thai Oil PCL's Interest Expense was ฿-4,052 Mil. Its Operating Income was ฿12,893 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿165,008 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2024 )	/	Interest Expense (A: Dec. 2024 )
	=	-1	*	12892.701	/	-4051.967
	=	3.18

Thai Oil PCL's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the three months ended in Dec. 2024, Thai Oil PCL's Interest Expense was ฿-986 Mil. Its Operating Income was ฿4,227 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿165,008 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	4226.5	/	-985.81
	=	4.29

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

Thai Oil PCL (BKK:TOP) 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 .

Thai Oil PCL Interest Coverage Related Terms

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

Thai Oil PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Thai Oil PCL (BKK:TOP) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

TOIPY:USA TOIPF:USA TOP-R:Thailand LQZ1:Germany

Address

Vibhavadi Rangsit Road, 555/1 Energy Complex, 11th Floor, Building A, Chatuchak Subdistrict, Chatuchak District, Bangkok, THA, 10900

Website

https://www.thaioilgroup.com

Thai Oil PCL operates an integrated business in oil refining and petrochemicals. Along with oil refinery and distributions, the company has also expanded into other related businesses including petrochemicals-aromatics and olefin chain, lube base oil, etc. In addition, there are also ethanol and supporting businesses such as pipeline transportation, ethanol, recruitment services for Thaioil and subsidiaries, as well as treasury center to enhance Thaioil and subsidiaries. Along with its subsidiaries, the company operates in the following reportable segments; Oil refinery, which derives key revenue, Lube base oil refinery, Aromatics and LAB, Solvent, Power generation, Ethanol, Olefins, and Others. Geographically, it derives key revenue from Thailand, followed by Indonesia and other regions.