PT Atlas Resources Tbk (ISX:ARII) Interest Coverage : 0 (At Loss) (As of Mar. 2024)

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What is PT Atlas Resources Tbk 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. PT Atlas Resources Tbk's Operating Income for the three months ended in Mar. 2024 was Rp-83,308 Mil. PT Atlas Resources Tbk's Interest Expense for the three months ended in Mar. 2024 was Rp-11,207 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for PT Atlas Resources Tbk's Interest Coverage or its related term are showing as below:

ISX:ARII's Interest Coverage is not ranked ^*
in the Other Energy Sources industry.
Industry Median: 21.7
* 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.

PT Atlas Resources Tbk Interest Coverage Historical Data

The historical data trend for PT Atlas Resources Tbk'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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PT Atlas Resources Tbk Interest Coverage Chart

PT Atlas Resources Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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2.75

11.36

1.56

PT Atlas Resources Tbk Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial															6.49	3.63	-	2.53	-

Competitive Comparison of PT Atlas Resources Tbk's Interest Coverage

For the Thermal Coal subindustry, PT Atlas Resources Tbk'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.

PT Atlas Resources Tbk's Interest Coverage Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, PT Atlas Resources Tbk's Interest Coverage distribution charts can be found below:

* The bar in red indicates where PT Atlas Resources Tbk's Interest Coverage falls into.

PT Atlas Resources Tbk 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.

PT Atlas Resources Tbk'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, PT Atlas Resources Tbk's Interest Expense was Rp-66,597 Mil. Its Operating Income was Rp103,888 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp1,296,824 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	103888.376	/	-66597.089
	=	1.56

PT Atlas Resources Tbk's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, PT Atlas Resources Tbk's Interest Expense was Rp-11,207 Mil. Its Operating Income was Rp-83,308 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp1,259,040 Mil.

PT Atlas Resources Tbk did not have earnings to cover the interest expense.

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

PT Atlas Resources Tbk (ISX:ARII) 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 .

PT Atlas Resources Tbk Interest Coverage Related Terms

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PT Atlas Resources Tbk (ISX:ARII) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » PT Atlas Resources Tbk (ISX:ARII) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

Jalan Jenderal Sudirman Kav. 45 - 46, Sampoerna Strategic Square, South Tower, 18th Floor, South Jakarta, Jakarta, IDN, 12930

Website

https://www.atlas-coal.co.id

PT Atlas Resources Tbk is an Indonesia-based company engaged in the production of coal. The business activity of the firm primarily functions through the sales of coal segment. Its activities include coal mining, trading, and transportation; and other activities related to coal mining operations such as rental of equipment and vehicles. Geographically the group has its presence in the region of Japan, China, Korea, Thailand, Europe, India, and Indonesia. The company generates maximum revenue from the coal segment.