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Best Holdings (DHA:BESTHLDNG) Interest Coverage : 1.55 (As of Dec. 2024)


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What is Best Holdings 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. Best Holdings's Operating Income for the three months ended in Dec. 2024 was BDT230 Mil. Best Holdings's Interest Expense for the three months ended in Dec. 2024 was BDT-149 Mil. Best Holdings's interest coverage for the quarter that ended in Dec. 2024 was 1.55. The higher the ratio, the stronger the company's financial strength is.

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

DHA:BESTHLDNG' s Interest Coverage Range Over the Past 10 Years
Min: 3.83   Med: 35.3   Max: 53.49
Current: 3.83


DHA:BESTHLDNG's Interest Coverage is ranked worse than
54.66% of 611 companies
in the Travel & Leisure industry
Industry Median: 4.67 vs DHA:BESTHLDNG: 3.83

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


Best Holdings Interest Coverage Historical Data

The historical data trend for Best Holdings'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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Best Holdings Interest Coverage Chart

Best Holdings Annual Data
Trend Jun23 Jun24
Interest Coverage
53.49 17.11

Best Holdings Quarterly Data
Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Interest Coverage Get a 7-Day Free Trial 47.93 28.38 4.82 1.76 1.55

Competitive Comparison of Best Holdings's Interest Coverage

For the Lodging subindustry, Best Holdings'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.


Best Holdings's Interest Coverage Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Best Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Best Holdings's Interest Coverage falls into.


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Best Holdings 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.

Best Holdings's Interest Coverage for the fiscal year that ended in Jun. 2024 is calculated as

Here, for the fiscal year that ended in Jun. 2024, Best Holdings's Interest Expense was BDT-81 Mil. Its Operating Income was BDT1,390 Mil. And its Long-Term Debt & Capital Lease Obligation was BDT15,611 Mil.

Interest Coverage=-1* Operating Income (A: Jun. 2024 )/Interest Expense (A: Jun. 2024 )
=-1*1390.436/-81.255
=17.11

Best Holdings's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the three months ended in Dec. 2024, Best Holdings's Interest Expense was BDT-149 Mil. Its Operating Income was BDT230 Mil. And its Long-Term Debt & Capital Lease Obligation was BDT16,080 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2024 )/Interest Expense (Q: Dec. 2024 )
=-1*230.281/-148.609
=1.55

* 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.


Best Holdings  (DHA:BESTHLDNG) 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 .


Best Holdings Interest Coverage Related Terms

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


Best Holdings Business Description

Traded in Other Exchanges
N/A
Address
49, Kazi Benzir Sarani Nikunja-2, Khilkhet, Dhaka, BGD, 1229
Best Holdings PLC, formerly Best Holdings Ltd is mainly engaged in the hospitality sector and also has business concerns in the agricultural sector. Its projects include Le Meridien, Le Meridien, Commercial, The Muslin, A Luxury Collection Resort, Bashundhara Project, Bhaluka Project, Luxury Villa Project, Noakhali Agro Project and LM IT Park.

Best Holdings Headlines

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