Laugfs Gas (COL:LGL.X0000) Interest Coverage : 0.75 (As of Dec. 2023)

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What is Laugfs Gas 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. Laugfs Gas's Operating Income for the three months ended in Dec. 2023 was රු760 Mil. Laugfs Gas's Interest Expense for the three months ended in Dec. 2023 was රු-1,008 Mil. Laugfs Gas's interest coverage for the quarter that ended in Dec. 2023 was 0.75. 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. Laugfs Gas PLC interest coverage is 1.05, which is low.

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

COL:LGL.X0000' s Interest Coverage Range Over the Past 10 Years
Min: 0.08 Med: 0.64 Max: 75.17
Current: 1.05

COL:LGL.X0000's Interest Coverage is ranked worse than
91.14% of 440 companies
in the Utilities - Regulated industry
Industry Median: 3.73 vs COL:LGL.X0000: 1.05

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

Laugfs Gas Interest Coverage Historical Data

The historical data trend for Laugfs Gas'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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Laugfs Gas Interest Coverage Chart

Laugfs Gas Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

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0.45

0.13

0.51

0.91

Laugfs Gas 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															1.35	1.14	0.38	2.86	0.75

Competitive Comparison of Laugfs Gas's Interest Coverage

For the Utilities - Regulated Gas subindustry, Laugfs Gas'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.

Laugfs Gas's Interest Coverage Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Laugfs Gas's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Laugfs Gas's Interest Coverage falls into.

Laugfs Gas 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.

Laugfs Gas'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, Laugfs Gas's Interest Expense was රු-5,719 Mil. Its Operating Income was රු5,195 Mil. And its Long-Term Debt & Capital Lease Obligation was රු16,225 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	5194.522	/	-5719.297
	=	0.91

Laugfs Gas's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Laugfs Gas's Interest Expense was රු-1,008 Mil. Its Operating Income was රු760 Mil. And its Long-Term Debt & Capital Lease Obligation was රු17,476 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	759.919	/	-1008.293
	=	0.75

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

Laugfs Gas (COL:LGL.X0000) 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 .

Laugfs Gas Interest Coverage Related Terms

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

Laugfs Gas (COL:LGL.X0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Laugfs Gas PLC (COL:LGL.X0000) » Definitions » Interest Coverage

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LGL.N0000:Sri Lanka

Address

No. 101, Maya Avenue, Colombo, LKA, 06

Website

https://www.laugfsgas.lk

Laugfs Gas PLC is engaged in the sale of liquefied petroleum gas. The company offers LPG for industrial, commercial and domestic purposes in Sri Lanka. It operates through the following business segments: Energy, Property, and Transportation & Logistics segment. It generates the majority of revenue from the Energy segment. The energy segment includes the Selling of Liquefied Petroleum Gas and other related products. The property segment includes the Operation of a commercial property given on rent at Kirullapone. Transportation & Logistics segment includes the Operation of vessels and providing marine cargo services and the Operation of an LPG storage terminal. Geographically it operates in Sri Lanka and Bangladesh, out of which the majority is from Sri Lanka.

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