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Astrasun Solar PCL (BUD:ASTRASUN) Interest Coverage : 0.26 (As of Dec. 2023)


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What is Astrasun Solar 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. Astrasun Solar PCL's Operating Income for the six months ended in Dec. 2023 was Ft13 Mil. Astrasun Solar PCL's Interest Expense for the six months ended in Dec. 2023 was Ft-48 Mil. Astrasun Solar PCL's interest coverage for the quarter that ended in Dec. 2023 was 0.26. The higher the ratio, the stronger the company's financial strength is.

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

BUD:ASTRASUN' s Interest Coverage Range Over the Past 10 Years
Min: 1.13   Med: 1.13   Max: 1.13
Current: 1.13


BUD:ASTRASUN's Interest Coverage is ranked worse than
92.58% of 620 companies
in the Semiconductors industry
Industry Median: 18.265 vs BUD:ASTRASUN: 1.13

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


Astrasun Solar PCL Interest Coverage Historical Data

The historical data trend for Astrasun Solar 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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Astrasun Solar PCL Interest Coverage Chart

Astrasun Solar PCL Annual Data
Trend Dec22 Dec23
Interest Coverage
- 1.13

Astrasun Solar PCL Semi-Annual Data
Jun22 Dec22 Jun23 Dec23
Interest Coverage 6.30 - 1.74 0.26

Competitive Comparison of Astrasun Solar PCL's Interest Coverage

For the Solar subindustry, Astrasun Solar 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.


Astrasun Solar PCL's Interest Coverage Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Astrasun Solar PCL's Interest Coverage distribution charts can be found below:

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



Astrasun Solar 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.

Astrasun Solar 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, Astrasun Solar PCL's Interest Expense was Ft-117 Mil. Its Operating Income was Ft133 Mil. And its Long-Term Debt & Capital Lease Obligation was Ft2,846 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*132.755/-117.101
=1.13

Astrasun Solar PCL's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Astrasun Solar PCL's Interest Expense was Ft-48 Mil. Its Operating Income was Ft13 Mil. And its Long-Term Debt & Capital Lease Obligation was Ft2,846 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*12.647/-48.234
=0.26

* 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.


Astrasun Solar PCL  (BUD:ASTRASUN) 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 .


Astrasun Solar PCL Interest Coverage Related Terms

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


Astrasun Solar PCL Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Kossuth Lajos Strreet 103, Csomad, HUN, H-2161
Astrasun Solar PCL plays key role in the Hungarian renewable energy market. Astrasun is a solar power plant project developer Company, and invests in green energy.

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