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PTranacentral Bajatama Tbk (ISX:BAJA) Interest Coverage : 0 (At Loss) (As of Mar. 2024)


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What is PTranacentral Bajatama 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. PTranacentral Bajatama Tbk's Operating Income for the three months ended in Mar. 2024 was Rp-6,074 Mil. PTranacentral Bajatama Tbk's Interest Expense for the three months ended in Mar. 2024 was Rp-4,938 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 PTranacentral Bajatama Tbk's Interest Coverage or its related term are showing as below:

ISX:BAJA' s Interest Coverage Range Over the Past 10 Years
Min: 0.32   Med: 2.18   Max: 13.11
Current: 0.32


ISX:BAJA's Interest Coverage is ranked worse than
96.77% of 465 companies
in the Steel industry
Industry Median: 5.99 vs ISX:BAJA: 0.32

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


PTranacentral Bajatama Tbk Interest Coverage Historical Data

The historical data trend for PTranacentral Bajatama 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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PTranacentral Bajatama Tbk Interest Coverage Chart

PTranacentral Bajatama Tbk Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.36 4.60 13.11 - 0.36

PTranacentral Bajatama 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 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 - 0.26 - 3.35 -

Competitive Comparison of PTranacentral Bajatama Tbk's Interest Coverage

For the Steel subindustry, PTranacentral Bajatama 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.


PTranacentral Bajatama Tbk's Interest Coverage Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, PTranacentral Bajatama Tbk's Interest Coverage distribution charts can be found below:

* The bar in red indicates where PTranacentral Bajatama Tbk's Interest Coverage falls into.



PTranacentral Bajatama 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.

PTranacentral Bajatama 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, PTranacentral Bajatama Tbk's Interest Expense was Rp-17,886 Mil. Its Operating Income was Rp6,483 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp38 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*6482.909/-17886.301
=0.36

PTranacentral Bajatama Tbk's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, PTranacentral Bajatama Tbk's Interest Expense was Rp-4,938 Mil. Its Operating Income was Rp-6,074 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp15 Mil.

PTranacentral Bajatama Tbk did not have earnings to cover the interest expense.

* 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.


PTranacentral Bajatama Tbk  (ISX:BAJA) 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 .


PTranacentral Bajatama Tbk Interest Coverage Related Terms

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PTranacentral Bajatama Tbk (ISX:BAJA) Business Description

Traded in Other Exchanges
N/A
Address
Jl. Pangeran Jayakarta No. 55, Gedung BAJA, Tower B Lantai 6, Unit B 06-01, Jakarta Pusat, IDN, 10730
PT Saranacentral Bajatama Tbk is an Indonesia-based company involved in the manufacture and sale of steel products in Indonesia. The company manufactures three types of coated steel products, namely, galvanized steel, "Saranalume" aluminum zinc-coated Steel, and "Sarancolor" painted zinc-coated steel. The company's products are used in various applications, including building, electrical machinery, and motor vehicles. The company has four reportable segments including galvanized, saranalume, coloring, and non-production. The company derives the majority of its revenue from the Saranalume segment.

PTranacentral Bajatama Tbk (ISX:BAJA) Headlines

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