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PT Mitra International Resources Tbk (ISX:MIRA) Interest Coverage : 0 (At Loss) (As of Mar. 2025)


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What is PT Mitra International Resources 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 Mitra International Resources Tbk's Operating Income for the three months ended in Mar. 2025 was Rp-2,323 Mil. PT Mitra International Resources Tbk's Interest Expense for the three months ended in Mar. 2025 was Rp-1,149 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

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


ISX:MIRA's Interest Coverage is not ranked *
in the Oil & Gas industry.
Industry Median: 5.88
* Ranked among companies with meaningful Interest Coverage only.

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 Mitra International Resources Tbk Interest Coverage Historical Data

The historical data trend for PT Mitra International Resources 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.

* Premium members only.

PT Mitra International Resources Tbk Interest Coverage Chart

PT Mitra International Resources Tbk Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Interest Coverage
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PT Mitra International Resources Tbk Quarterly Data
Jun20 Sep20 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 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 - - 0.73 - -

Competitive Comparison of PT Mitra International Resources Tbk's Interest Coverage

For the Oil & Gas Equipment & Services subindustry, PT Mitra International Resources 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 Mitra International Resources Tbk's Interest Coverage Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, PT Mitra International Resources Tbk's Interest Coverage distribution charts can be found below:

* The bar in red indicates where PT Mitra International Resources Tbk's Interest Coverage falls into.


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PT Mitra International Resources 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 Mitra International Resources 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 Mitra International Resources Tbk's Interest Expense was Rp-4,610 Mil. Its Operating Income was Rp-4,778 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp19,127 Mil.

PT Mitra International Resources Tbk did not have earnings to cover the interest expense.

PT Mitra International Resources 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 Mitra International Resources Tbk's Interest Expense was Rp-1,149 Mil. Its Operating Income was Rp-2,323 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp18,261 Mil.

PT Mitra International Resources Tbk did not have earnings to cover the interest expense.

* 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 Mitra International Resources Tbk  (ISX:MIRA) 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 Mitra International Resources Tbk Interest Coverage Related Terms

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PT Mitra International Resources Tbk Business Description

Traded in Other Exchanges
N/A
Address
Jalan Pejaten Barat No. 6, Grha Mitra Building, Jakarta, IDN, 12510
PT Mitra International Resources Tbk is an Indonesia-based company that operates in the oil and gas equipment and services industry in Indonesia. The activities of the company include land transportation, logistics and warehousing, and Karoseri services. Its segment comprises Transportation services; Assembling Industry; Energy Sector property rent; and other services. Key revenue is generated from Transportation services segment.

PT Mitra International Resources Tbk Headlines

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