PT Diamond Food Indonesia Tbk (ISX:DMND) Interest Coverage : 114.75 (As of Mar. 2024)

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What is PT Diamond Food Indonesia 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 Diamond Food Indonesia Tbk's Operating Income for the three months ended in Mar. 2024 was Rp87,436 Mil. PT Diamond Food Indonesia Tbk's Interest Expense for the three months ended in Mar. 2024 was Rp-762 Mil. PT Diamond Food Indonesia Tbk's interest coverage for the quarter that ended in Mar. 2024 was 114.75. The higher the ratio, the stronger the company's financial strength is.

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

ISX:DMND' s Interest Coverage Range Over the Past 10 Years
Min: 17.52 Med: 59.06 Max: 153.72
Current: 28.59

ISX:DMND's Interest Coverage is ranked better than
70.9% of 1378 companies
in the Consumer Packaged Goods industry
Industry Median: 8.71 vs ISX:DMND: 28.59

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 Diamond Food Indonesia Tbk Interest Coverage Historical Data

The historical data trend for PT Diamond Food Indonesia 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 Diamond Food Indonesia Tbk Interest Coverage Chart

PT Diamond Food Indonesia Tbk Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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22.49

17.52

143.75

92.97

25.15

PT Diamond Food Indonesia 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															31.48	27.05	11.04	46.16	114.75

Competitive Comparison of PT Diamond Food Indonesia Tbk's Interest Coverage

For the Packaged Foods subindustry, PT Diamond Food Indonesia 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 Diamond Food Indonesia Tbk's Interest Coverage Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Diamond Food Indonesia Tbk's Interest Coverage distribution charts can be found below:

* The bar in red indicates where PT Diamond Food Indonesia Tbk's Interest Coverage falls into.

PT Diamond Food Indonesia 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 Diamond Food Indonesia 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 Diamond Food Indonesia Tbk's Interest Expense was Rp-15,995 Mil. Its Operating Income was Rp402,296 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp8,255 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	402296	/	-15995
	=	25.15

PT Diamond Food Indonesia 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 Diamond Food Indonesia Tbk's Interest Expense was Rp-762 Mil. Its Operating Income was Rp87,436 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp7,755 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	87436	/	-762
	=	114.75

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

PT Diamond Food Indonesia Tbk (ISX:DMND) 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 Diamond Food Indonesia Tbk Interest Coverage Related Terms

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

PT Diamond Food Indonesia Tbk (ISX:DMND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PT Diamond Food Indonesia Tbk (ISX:DMND) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan KH Mas Mansyur Kav, 126TCC Batavia Tower One, 15th Floor, Unit 03 and 05, TCC Batavia Tower One, Jakarta Pusat, Jakarta, IDN, 10220

Website

https://www.diamondfoodindonesia.com

PT Diamond Food Indonesia Tbk is engaged in the manufacturing and distribution of consumer goods. Its products include dairy, confectionery, meats and seafood, bakery, groceries as well as fruits and vegetables. The company categorizes its business into two segments that are branded products and non-branded products, out of which the majority of the revenue is generated from branded products. Some of the company's brands include Biggy, Biokul, Diamond Juice, Popeye, and Magic. It also collaborates with international brands and distributes its products. Geographically the company generates the majority of revenue in Indonesia and also exports internationally.