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PT Sekar Laut Tbk (ISX:SKLT) Interest Coverage : 16.91 (As of Mar. 2024)


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What is PT Sekar Laut 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 Sekar Laut Tbk's Operating Income for the three months ended in Mar. 2024 was Rp27,654 Mil. PT Sekar Laut Tbk's Interest Expense for the three months ended in Mar. 2024 was Rp-1,636 Mil. PT Sekar Laut Tbk's interest coverage for the quarter that ended in Mar. 2024 was 16.91. The higher the ratio, the stronger the company's financial strength is.

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

ISX:SKLT' s Interest Coverage Range Over the Past 10 Years
Min: 2.67   Med: 3.75   Max: 12.42
Current: 9.82


ISX:SKLT's Interest Coverage is ranked better than
53.02% of 1373 companies
in the Consumer Packaged Goods industry
Industry Median: 8.57 vs ISX:SKLT: 9.82

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 Sekar Laut Tbk Interest Coverage Historical Data

The historical data trend for PT Sekar Laut 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 Sekar Laut Tbk Interest Coverage Chart

PT Sekar Laut Tbk Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial 3.42 3.75 10.98 12.42 9.51

PT Sekar Laut Tbk Quarterly Data
Dec17 Dec18 Dec19 Dec20 Dec21 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 12.92 4.65 7.60 17.46 16.91

Competitive Comparison of PT Sekar Laut Tbk's Interest Coverage

For the Packaged Foods subindustry, PT Sekar Laut 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 Sekar Laut Tbk's Interest Coverage Distribution in the Consumer Packaged Goods Industry

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

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



PT Sekar Laut 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 Sekar Laut 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 Sekar Laut Tbk's Interest Expense was Rp-10,875 Mil. Its Operating Income was Rp103,429 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp9,632 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*103428.787/-10875.45
=9.51

PT Sekar Laut 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 Sekar Laut Tbk's Interest Expense was Rp-1,636 Mil. Its Operating Income was Rp27,654 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp9,940 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*27654.467/-1635.806
=16.91

* 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 Sekar Laut Tbk  (ISX:SKLT) 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 Sekar Laut Tbk Interest Coverage Related Terms

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PT Sekar Laut Tbk (ISX:SKLT) Business Description

Traded in Other Exchanges
N/A
Address
Jalan Raya Darmo 23-25, Jawa Timur, Surabaya, IDN, 60265
PT Sekar Laut Tbk produces and develops crackers, tomato and chili sauces, and ready to use seasonings in Indonesia and internationally. It products include Crackers, Condiment, Cooking Spices, Melinjo. and Sauce products under the Finna brand name. In addition, it is involved in the trading of consumer goods, shrimp feed, and others; and restaurant business. It has a geographical presence in Netherland, Korea, England, Oceania, China and other regions of which Netherland generates maximum revenue.

PT Sekar Laut Tbk (ISX:SKLT) Headlines

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