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PT Fap Agri Tbk (ISX:FAPA) Interest Coverage : 0.11 (As of Mar. 2024)


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What is PT Fap Agri 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 Fap Agri Tbk's Operating Income for the three months ended in Mar. 2024 was Rp6,142 Mil. PT Fap Agri Tbk's Interest Expense for the three months ended in Mar. 2024 was Rp-57,502 Mil. PT Fap Agri Tbk's interest coverage for the quarter that ended in Mar. 2024 was 0.11. The higher the ratio, the stronger the company's financial strength is.

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

ISX:FAPA' s Interest Coverage Range Over the Past 10 Years
Min: 0.57   Med: 1.71   Max: 7.71
Current: 1.31


ISX:FAPA's Interest Coverage is ranked worse than
88.91% of 1380 companies
in the Consumer Packaged Goods industry
Industry Median: 8.635 vs ISX:FAPA: 1.31

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 Fap Agri Tbk Interest Coverage Historical Data

The historical data trend for PT Fap Agri 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 Fap Agri Tbk Interest Coverage Chart

PT Fap Agri Tbk Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial - 0.57 3.24 7.71 1.71

PT Fap Agri Tbk Quarterly Data
Dec17 Dec18 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 1.70 1.08 1.52 2.54 0.11

Competitive Comparison of PT Fap Agri Tbk's Interest Coverage

For the Farm Products subindustry, PT Fap Agri 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 Fap Agri Tbk's Interest Coverage Distribution in the Consumer Packaged Goods Industry

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

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



PT Fap Agri 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 Fap Agri 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 Fap Agri Tbk's Interest Expense was Rp-222,338 Mil. Its Operating Income was Rp379,319 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp1,829,099 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*379318.99/-222338.152
=1.71

PT Fap Agri 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 Fap Agri Tbk's Interest Expense was Rp-57,502 Mil. Its Operating Income was Rp6,142 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp1,715,786 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*6142.479/-57501.798
=0.11

* 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.


PT Fap Agri Tbk  (ISX:FAPA) 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 Fap Agri Tbk Interest Coverage Related Terms

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


PT Fap Agri Tbk (ISX:FAPA) Business Description

Traded in Other Exchanges
N/A
Address
Liberty Tower 16th Floor A-H, Gold Coast Building, Jl. Pantai Indah Kapuk, RT06/RW02, Kamal Muara, Penjaringan, Jakarta, IDN, 11470
PT Fap Agri Tbk is involved in the production of agricultural products. The company is engaged in Palm Oil Plantation and Industry Activities through Subsidiaries. FAP Agri Group operations cover activities such as oil palm plantation, palm oil mill, and kernel crushing plant. The products are Fresh Fruit Bunches, Crude Palm Oil, Palm Kernel Oil, Palm Kernel, and Palm Kernel Expeller.

PT Fap Agri Tbk (ISX:FAPA) Headlines

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