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PT Multipolar Technology Tbk (ISX:MLPT) Interest Coverage : 4.95 (As of Jun. 2024)


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What is PT Multipolar Technology 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 Multipolar Technology Tbk's Operating Income for the three months ended in Jun. 2024 was Rp51,260 Mil. PT Multipolar Technology Tbk's Interest Expense for the three months ended in Jun. 2024 was Rp-10,365 Mil. PT Multipolar Technology Tbk's interest coverage for the quarter that ended in Jun. 2024 was 4.95. The higher the ratio, the stronger the company's financial strength is.

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

ISX:MLPT' s Interest Coverage Range Over the Past 10 Years
Min: 3.36   Med: 10.1   Max: 43.28
Current: 9.52


ISX:MLPT's Interest Coverage is ranked worse than
66.26% of 1627 companies
in the Software industry
Industry Median: 28.91 vs ISX:MLPT: 9.52

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 Multipolar Technology Tbk Interest Coverage Historical Data

The historical data trend for PT Multipolar Technology 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 Multipolar Technology Tbk Interest Coverage Chart

PT Multipolar Technology Tbk Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.33 11.08 20.41 43.28 15.16

PT Multipolar Technology Tbk Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 21.00 16.08 12.88 8.11 4.95

Competitive Comparison of PT Multipolar Technology Tbk's Interest Coverage

For the Information Technology Services subindustry, PT Multipolar Technology 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 Multipolar Technology Tbk's Interest Coverage Distribution in the Software Industry

For the Software industry and Technology sector, PT Multipolar Technology Tbk's Interest Coverage distribution charts can be found below:

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



PT Multipolar Technology 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 Multipolar Technology 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 Multipolar Technology Tbk's Interest Expense was Rp-19,636 Mil. Its Operating Income was Rp297,749 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp264,471 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*297749/-19636
=15.16

PT Multipolar Technology Tbk's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Here, for the three months ended in Jun. 2024, PT Multipolar Technology Tbk's Interest Expense was Rp-10,365 Mil. Its Operating Income was Rp51,260 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp322,372 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*51260/-10365
=4.95

* 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 Multipolar Technology Tbk  (ISX:MLPT) 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 Multipolar Technology Tbk Interest Coverage Related Terms

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


PT Multipolar Technology Tbk Business Description

Traded in Other Exchanges
N/A
Address
Jl. Mega Kuningan Barat III, Lot 10. 1–6, Tower B, 18th Floor, Kawasan Mega Kuningan, Jakarta, IDN, 12950
PT Multipolar Technology Tbk is an Indonesia-based company engaged in consultation, integration, and information technology management. Its business activities include Strategy & Planning, Customer Experience Platforms & Services, Digital Insights, Business Solution Platforms & Services, Hybrid Integration Platforms & Services, Hybrid Infrastructure Platforms & Services, and Security Platforms & Services. The revenue is generated from Hardware & Supporting Devices, followed by IT Outsourcing and Technology Services.

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