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Indo Malay (COL:INDO.N0000) Interest Coverage : No Debt (1) (As of Sep. 2023)


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What is Indo Malay 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. Indo Malay's Operating Income for the three months ended in Sep. 2023 was රු0.80 Mil. Indo Malay's Interest Expense for the three months ended in Sep. 2023 was රු0.00 Mil. Indo Malay has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Indo Malay PLC has no debt.

(1) 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.

The historical rank and industry rank for Indo Malay's Interest Coverage or its related term are showing as below:

COL:INDO.N0000' s Interest Coverage Range Over the Past 10 Years
Min: 4.75   Med: No Debt   Max: No Debt
Current: No Debt


COL:INDO.N0000's Interest Coverage is not ranked
in the Consumer Packaged Goods industry.
Industry Median: 8.61 vs COL:INDO.N0000: No Debt

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


Indo Malay Interest Coverage Historical Data

The historical data trend for Indo Malay'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.

Indo Malay Interest Coverage Chart

Indo Malay Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Indo Malay Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of Indo Malay's Interest Coverage

For the Farm Products subindustry, Indo Malay'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.


Indo Malay's Interest Coverage Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Indo Malay's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Indo Malay's Interest Coverage falls into.



Indo Malay 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.

Indo Malay's Interest Coverage for the fiscal year that ended in Mar. 2023 is calculated as

Here, for the fiscal year that ended in Mar. 2023, Indo Malay's Interest Expense was රු0.00 Mil. Its Operating Income was රු3.72 Mil. And its Long-Term Debt & Capital Lease Obligation was රු0.00 Mil.

Indo Malay had no debt (1).

Indo Malay's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, Indo Malay's Interest Expense was රු0.00 Mil. Its Operating Income was රු0.80 Mil. And its Long-Term Debt & Capital Lease Obligation was රු0.00 Mil.

Indo Malay had no debt (1).

* 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.


Indo Malay  (COL:INDO.N0000) 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 .


Indo Malay Interest Coverage Related Terms

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


Indo Malay (COL:INDO.N0000) Business Description

Traded in Other Exchanges
N/A
Address
No. 61, Janadhipathi Mawatha, Colombo, LKA, 01
Indo Malay PLC is a Sri Lanka-based company engaged in managing and holding an investment portfolio. Through its subsidiary, it is into the Oil Palm Plantation business.

Indo Malay (COL:INDO.N0000) Headlines

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