PT Essa Industries Indonesia Tbk (ISX:ESSA) Interest Coverage : 17.08 (As of Dec. 2024)

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What is PT Essa Industries 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 Essa Industries Indonesia Tbk's Operating Income for the three months ended in Dec. 2024 was Rp306,444 Mil. PT Essa Industries Indonesia Tbk's Interest Expense for the three months ended in Dec. 2024 was Rp-17,944 Mil. PT Essa Industries Indonesia Tbk's interest coverage for the quarter that ended in Dec. 2024 was 17.08. The higher the ratio, the stronger the company's financial strength is.

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

ISX:ESSA' s Interest Coverage Range Over the Past 10 Years
Min: 0.66 Med: 2.85 Max: 13.47
Current: 13.46

ISX:ESSA's Interest Coverage is ranked better than
55.72% of 1197 companies
in the Chemicals industry
Industry Median: 10.01 vs ISX:ESSA: 13.46

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 Essa Industries Indonesia Tbk Interest Coverage Historical Data

The historical data trend for PT Essa Industries 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 Essa Industries Indonesia Tbk Interest Coverage Chart

PT Essa Industries Indonesia Tbk Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Coverage

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1.89

12.14

6.06

13.47

PT Essa Industries Indonesia Tbk Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Coverage	Get a 7-Day Free Trial															23.62	9.71	12.51	17.34	17.08

Competitive Comparison of PT Essa Industries Indonesia Tbk's Interest Coverage

For the Chemicals subindustry, PT Essa Industries 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 Essa Industries Indonesia Tbk's Interest Coverage Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, PT Essa Industries Indonesia Tbk's Interest Coverage distribution charts can be found below:

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

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PT Essa Industries 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 Essa Industries Indonesia 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 Essa Industries Indonesia Tbk's Interest Expense was Rp-97,610 Mil. Its Operating Income was Rp1,315,097 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp259,684 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2024 )	/	Interest Expense (A: Dec. 2024 )
	=	-1	*	1315097.402	/	-97610.022
	=	13.47

PT Essa Industries Indonesia Tbk's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the three months ended in Dec. 2024, PT Essa Industries Indonesia Tbk's Interest Expense was Rp-17,944 Mil. Its Operating Income was Rp306,444 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp259,684 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	306444.474	/	-17944.08
	=	17.08

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

PT Essa Industries Indonesia Tbk (ISX:ESSA) 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 Essa Industries Indonesia Tbk Interest Coverage Related Terms

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PT Essa Industries Indonesia Tbk Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » PT Essa Industries Indonesia Tbk (ISX:ESSA) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Prof. Dr. Satrio, Kav. 3-5, DBS Bank Tower, 18th Floor, Jakarta, IDN, 12940

Website

https://www.essa.id

PT Essa Industries Indonesia Tbk owns and operates privately owned domestic liquefied petroleum gas (LPG) refinery in Indonesia. Its main business is the refining and processing of natural gas to produce LPG (mixture of Propane and Butane), condensate, methanol, carbonation and gasification of coal, or other hydrocarbon materials. The principal products of the company include LPG, Condensate and Ammonia. It is also engaged in other activities such as crude oil mining, Wholesale trade in gas, liquid and solid fuels and similar products, Gas distribution and supporting service activities related to oil and gas mining carried out on a fee or contract basis. The company's segments are; LPG refinery, Ammonia which generates key revenue, and others.