PT Buana Lintas Lautan Tbk (ISX:BULL) Interest Coverage : 3.16 (As of Mar. 2024)

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What is PT Buana Lintas Lautan 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 Buana Lintas Lautan Tbk's Operating Income for the three months ended in Mar. 2024 was Rp224,673 Mil. PT Buana Lintas Lautan Tbk's Interest Expense for the three months ended in Mar. 2024 was Rp-71,206 Mil. PT Buana Lintas Lautan Tbk's interest coverage for the quarter that ended in Mar. 2024 was 3.16. The higher the ratio, the stronger the company's financial strength is.

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

ISX:BULL' s Interest Coverage Range Over the Past 10 Years
Min: 0.26 Med: 2.07 Max: 2.77
Current: 2.77

ISX:BULL's Interest Coverage is ranked worse than
70.5% of 817 companies
in the Transportation industry
Industry Median: 5.44 vs ISX:BULL: 2.77

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 Buana Lintas Lautan Tbk Interest Coverage Historical Data

The historical data trend for PT Buana Lintas Lautan 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 Buana Lintas Lautan Tbk Interest Coverage Chart

PT Buana Lintas Lautan Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

2.14

2.17

0.68

0.26

2.65

PT Buana Lintas Lautan 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															2.64	2.58	3.04	2.49	3.16

Competitive Comparison of PT Buana Lintas Lautan Tbk's Interest Coverage

For the Marine Shipping subindustry, PT Buana Lintas Lautan 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 Buana Lintas Lautan Tbk's Interest Coverage Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, PT Buana Lintas Lautan Tbk's Interest Coverage distribution charts can be found below:

* The bar in red indicates where PT Buana Lintas Lautan Tbk's Interest Coverage falls into.

PT Buana Lintas Lautan 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 Buana Lintas Lautan 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 Buana Lintas Lautan Tbk's Interest Expense was Rp-341,958 Mil. Its Operating Income was Rp907,663 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp1,607,888 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	907662.828	/	-341957.554
	=	2.65

PT Buana Lintas Lautan 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 Buana Lintas Lautan Tbk's Interest Expense was Rp-71,206 Mil. Its Operating Income was Rp224,673 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp1,886,332 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	224672.68	/	-71206.471
	=	3.16

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

PT Buana Lintas Lautan Tbk (ISX:BULL) 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 Buana Lintas Lautan Tbk Interest Coverage Related Terms

Thank you for viewing the detailed overview of PT Buana Lintas Lautan Tbk's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

PT Buana Lintas Lautan Tbk (ISX:BULL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » PT Buana Lintas Lautan Tbk (ISX:BULL) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Mega Kuningan Timur, Block C-6 Kav. 12A, South Jakarta, Mega Kuningan, Jakarta, IDN, 12950

Website

https://www.bull.co.id

PT Buana Lintas Lautan Tbk is a shipping company. The company is engaged in providing services such as Chartering and vessel operations, Shipping agency services, Ship management services, and Crew management services. The group's reportable segments are engaged based on the type of vessels chartered in Gas, Oil, FPSO and FSO, Chemical, and Others. Key revenue is generated from the Gas and Oil, FPSO, and FSO segment. The gas tankers segment of the company provides maritime transportation of liquified gas, which includes LPG, propylene, propane, and LNG. Oil and FPSO tankers provide maritime transportation of lubricating oil, crude oil, and petroleum products, floating tanker facility for production, storage, and off-loading of oil.

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