PT Supreme Cable Manufacturingmmerce Tbk (ISX:SCCO) Interest Coverage : 308.70 (As of Sep. 2024)

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What is PT Supreme Cable Manufacturingmmerce 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 Supreme Cable Manufacturingmmerce Tbk's Operating Income for the three months ended in Sep. 2024 was Rp124,246 Mil. PT Supreme Cable Manufacturingmmerce Tbk's Interest Expense for the three months ended in Sep. 2024 was Rp-402 Mil. PT Supreme Cable Manufacturingmmerce Tbk's interest coverage for the quarter that ended in Sep. 2024 was 308.70. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

PT Supreme Cable Manufacturing & Commerce Tbk has no debt.

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

ISX:SCCO' s Interest Coverage Range Over the Past 10 Years
Min: 4.16 Med: 13.07 Max: 102.09
Current: 102.09

ISX:SCCO's Interest Coverage is ranked better than
80.3% of 2259 companies
in the Industrial Products industry
Industry Median: 14.52 vs ISX:SCCO: 102.09

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 Supreme Cable Manufacturingmmerce Tbk Interest Coverage Historical Data

The historical data trend for PT Supreme Cable Manufacturingmmerce 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 Supreme Cable Manufacturingmmerce Tbk Interest Coverage Chart

PT Supreme Cable Manufacturingmmerce Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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8.08

14.34

51.98

31.74

48.19

PT Supreme Cable Manufacturingmmerce Tbk Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Coverage	Get a 7-Day Free Trial															443.80	21.19	321.38	383.55	308.70

Competitive Comparison of PT Supreme Cable Manufacturingmmerce Tbk's Interest Coverage

For the Electrical Equipment & Parts subindustry, PT Supreme Cable Manufacturingmmerce 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 Supreme Cable Manufacturingmmerce Tbk's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, PT Supreme Cable Manufacturingmmerce Tbk's Interest Coverage distribution charts can be found below:

* The bar in red indicates where PT Supreme Cable Manufacturingmmerce Tbk's Interest Coverage falls into.

PT Supreme Cable Manufacturingmmerce 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 Supreme Cable Manufacturingmmerce 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 Supreme Cable Manufacturingmmerce Tbk's Interest Expense was Rp-5,224 Mil. Its Operating Income was Rp251,752 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	251751.714	/	-5224.087
	=	48.19

PT Supreme Cable Manufacturingmmerce Tbk's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the three months ended in Sep. 2024, PT Supreme Cable Manufacturingmmerce Tbk's Interest Expense was Rp-402 Mil. Its Operating Income was Rp124,246 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp0 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	124246.086	/	-402.476
	=	308.70

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

PT Supreme Cable Manufacturingmmerce Tbk (ISX:SCCO) 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 Supreme Cable Manufacturingmmerce Tbk Interest Coverage Related Terms

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PT Supreme Cable Manufacturingmmerce Tbk Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » PT Supreme Cable Manufacturing & Commerce Tbk (ISX:SCCO) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Kebon Sirih No. 71, Jakarta, IDN, 10340

Website

https://www.sucaco.com

PT Supreme Cable Manufacturing & Commerce Tbk is engaged in the business of manufacturing, in particular, to produce various types of cable and associated products and their raw materials, and Trade in the above products, both at home and abroad. The product portfolio includes E-Catalog, High Voltage Power Cable, Medium Voltage Power Cable, Low Voltage Power Cable, Building Wire, Flexible Cable, Instrument Cable, Solar Cable, Fire Resistant Cable, Airport Lighting Cable, Fiber Optic Cable, Telecommunication Cable, and Bare Conductor.