PT Cemindo Gemilang Tbk (ISX:CMNT) Interest Coverage : 0.18 (As of Mar. 2025)

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What is PT Cemindo Gemilang 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 Cemindo Gemilang Tbk's Operating Income for the three months ended in Mar. 2025 was Rp31,172 Mil. PT Cemindo Gemilang Tbk's Interest Expense for the three months ended in Mar. 2025 was Rp-170,248 Mil. PT Cemindo Gemilang Tbk's interest coverage for the quarter that ended in Mar. 2025 was 0.18. 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. PT Cemindo Gemilang Tbks earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

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

ISX:CMNT' s Interest Coverage Range Over the Past 10 Years
Min: 0.35 Med: 1.29 Max: 1.92
Current: 0.49

ISX:CMNT's Interest Coverage is ranked worse than
96.03% of 302 companies
in the Building Materials industry
Industry Median: 6.265 vs ISX:CMNT: 0.49

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 Cemindo Gemilang Tbk Interest Coverage Historical Data

The historical data trend for PT Cemindo Gemilang 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 Cemindo Gemilang Tbk Interest Coverage Chart

PT Cemindo Gemilang Tbk Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Coverage

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1.29

1.66

1.92

1.31

0.58

PT Cemindo Gemilang Tbk Quarterly Data
	Dec19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Interest Coverage	Get a 7-Day Free Trial															0.53	0.53	0.27	1.10	0.18

Competitive Comparison of PT Cemindo Gemilang Tbk's Interest Coverage

For the Building Materials subindustry, PT Cemindo Gemilang 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 Cemindo Gemilang Tbk's Interest Coverage Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, PT Cemindo Gemilang Tbk's Interest Coverage distribution charts can be found below:

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

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PT Cemindo Gemilang 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 Cemindo Gemilang Tbk's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, PT Cemindo Gemilang Tbk's Interest Expense was Rp-666,660 Mil. Its Operating Income was Rp385,829 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp4,534,502 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2024 )	/	Interest Expense (A: Dec. 2024 )
	=	-1	*	385829	/	-666660
	=	0.58

PT Cemindo Gemilang Tbk's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the three months ended in Mar. 2025, PT Cemindo Gemilang Tbk's Interest Expense was Rp-170,248 Mil. Its Operating Income was Rp31,172 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp6,510,454 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2025 )	/	Interest Expense (Q: Mar. 2025 )
	=	-1	*	31172	/	-170248
	=	0.18

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

PT Cemindo Gemilang Tbk (ISX:CMNT) 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 Cemindo Gemilang Tbk Interest Coverage Related Terms

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

PT Cemindo Gemilang Tbk Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » PT Cemindo Gemilang Tbk (ISX:CMNT) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

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Address

Jalan H.R. Rasuna Said Kav. C22, Gama Tower Lantai 43, Karet Kuningan, Setiabudi Jakarta Selatan, Jakarta, IDN, 12940

Website

https://www.cemindo.com

PT Cemindo Gemilang Tbk is an integrated cement company predominantly engaged in the manufacturing, marketing, and distribution of cement and clinker products. Its products are offered in Indonesia under the brand of Semen Merah Putih, and also in Vietnam under the brand of Chinfon Cement. Other than Indonesia and Vietnam, its cement is also exported to Australia, Philippines, Tahiti, Bangladesh, Sri Lanka, China, and Madagascar. The company conducts business activities in three operating segments: Cement and clinker, which derive maximum revenue, Concrete products, and Others. Geographically, it generates maximum revenue from Indonesia.

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