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PT Primadaya Plastisindo Tbk (ISX:PDPP) Interest Coverage : 4.68 (As of Dec. 2024)


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What is PT Primadaya Plastisindo 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 Primadaya Plastisindo Tbk's Operating Income for the three months ended in Dec. 2024 was Rp8,020 Mil. PT Primadaya Plastisindo Tbk's Interest Expense for the three months ended in Dec. 2024 was Rp-1,714 Mil. PT Primadaya Plastisindo Tbk's interest coverage for the quarter that ended in Dec. 2024 was 4.68. The higher the ratio, the stronger the company's financial strength is.

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

ISX:PDPP' s Interest Coverage Range Over the Past 10 Years
Min: 3.81   Med: 8.02   Max: No Debt
Current: 7.45


ISX:PDPP's Interest Coverage is ranked better than
52.02% of 321 companies
in the Packaging & Containers industry
Industry Median: 5.78 vs ISX:PDPP: 7.45

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 Primadaya Plastisindo Tbk Interest Coverage Historical Data

The historical data trend for PT Primadaya Plastisindo 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 Primadaya Plastisindo Tbk Interest Coverage Chart

PT Primadaya Plastisindo Tbk Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec23 Dec24
Interest Coverage
Get a 7-Day Free Trial 17.45 3.81 4.70 8.59 7.45

PT Primadaya Plastisindo Tbk Quarterly Data
Dec18 Dec19 Dec20 Dec21 May22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.31 12.21 8.08 7.01 4.68

Competitive Comparison of PT Primadaya Plastisindo Tbk's Interest Coverage

For the Packaging & Containers subindustry, PT Primadaya Plastisindo 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 Primadaya Plastisindo Tbk's Interest Coverage Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, PT Primadaya Plastisindo Tbk's Interest Coverage distribution charts can be found below:

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


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PT Primadaya Plastisindo 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 Primadaya Plastisindo 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 Primadaya Plastisindo Tbk's Interest Expense was Rp-4,752 Mil. Its Operating Income was Rp35,397 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp82,181 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2024 )/Interest Expense (A: Dec. 2024 )
=-1*35397.228/-4752.328
=7.45

PT Primadaya Plastisindo 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 Primadaya Plastisindo Tbk's Interest Expense was Rp-1,714 Mil. Its Operating Income was Rp8,020 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp82,181 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2024 )/Interest Expense (Q: Dec. 2024 )
=-1*8020.36/-1713.659
=4.68

* 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 Primadaya Plastisindo Tbk  (ISX:PDPP) 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 Primadaya Plastisindo Tbk Interest Coverage Related Terms

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


PT Primadaya Plastisindo Tbk Business Description

Traded in Other Exchanges
N/A
Address
Jl. Raya Narogong KM. 18 Cileungsi, Jawa Barat, West Java, Bogor, IDN, 16829
PT Primadaya Plastisindo Tbk is a manufacturing company, that is engaged in plastic injection, specializing in plastic injection, specializing in plastic packaging, in the form of PC Jugs, PET Preform, PET Bottle, PP Straws, HDPE Jug Covers, HDPE jerry cans, PP Bottle Cap, Sanitation Jug & Wipes Hand. Its reportable segments are Sukabumi, Tangerang, Lampung, Binjai, Solo, and Cileungsi.

PT Primadaya Plastisindo Tbk Headlines

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