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Yong Thai PCL (BKK:YCI-R) Interest Coverage : 13.23 (As of Mar. 2021)


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What is Yong 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. Yong Thai PCL's Operating Income for the three months ended in Mar. 2021 was ฿4.99 Mil. Yong Thai PCL's Interest Expense for the three months ended in Mar. 2021 was ฿-0.38 Mil. Yong Thai PCL's interest coverage for the quarter that ended in Mar. 2021 was 13.23. The higher the ratio, the stronger the company's financial strength is.

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


BKK:YCI-R's Interest Coverage is not ranked *
in the Chemicals industry.
Industry Median: 9.55
* Ranked among companies with meaningful Interest Coverage only.

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


Yong Thai PCL Interest Coverage Historical Data

The historical data trend for Yong 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.

* Premium members only.

Yong Thai PCL Interest Coverage Chart

Yong Thai PCL Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Interest Coverage
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Yong Thai PCL Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21
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 - - - - 13.23

Competitive Comparison of Yong Thai PCL's Interest Coverage

For the Chemicals subindustry, Yong 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.


Yong Thai PCL's Interest Coverage Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Yong Thai PCL's Interest Coverage distribution charts can be found below:

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



Yong 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.

Yong Thai PCL's Interest Coverage for the fiscal year that ended in Dec. 2019 is calculated as

Here, for the fiscal year that ended in Dec. 2019, Yong Thai PCL's Interest Expense was ฿-1.84 Mil. Its Operating Income was ฿-19.62 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿0.00 Mil.

Yong Thai PCL did not have earnings to cover the interest expense.

Yong Thai PCL's Interest Coverage for the quarter that ended in Mar. 2021 is calculated as

Here, for the three months ended in Mar. 2021, Yong Thai PCL's Interest Expense was ฿-0.38 Mil. Its Operating Income was ฿4.99 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿0.00 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2021 )/Interest Expense (Q: Mar. 2021 )
=-1*4.988/-0.377
=13.23

* 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.


Yong Thai PCL  (BKK:YCI-R) 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 .


Yong Thai PCL Interest Coverage Related Terms

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


Yong Thai PCL (BKK:YCI-R) Business Description

Traded in Other Exchanges
N/A
Address
South Sathorn Road, No. 1 Empire Tower, 27th Floor, Room 2701-3, 2712-14, Yannawa Sub District, Sathorn District, Bangkok, THA, 10120
Yong Thai PCL is a Thailand-based company engaged in the production of industrial chemicals. It has a single reportable segment which is the Business concerning zirconium production. Its business operation is located in Thailand. The products offered by the company include Zirconium Silicate, Zircon Flour, Zircon Sand, Liquid Acid, Sulphur, and Aluminium Hydroxide.

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