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PTrana Mitra Luas TBK (ISX:SMIL) Interest Coverage : 4.11 (As of Mar. 2025)


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What is PTrana Mitra Luas 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. PTrana Mitra Luas TBK's Operating Income for the three months ended in Mar. 2025 was Rp32,379 Mil. PTrana Mitra Luas TBK's Interest Expense for the three months ended in Mar. 2025 was Rp-7,885 Mil. PTrana Mitra Luas TBK's interest coverage for the quarter that ended in Mar. 2025 was 4.11. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for PTrana Mitra Luas TBK's Interest Coverage or its related term are showing as below:

ISX:SMIL' s Interest Coverage Range Over the Past 10 Years
Min: 2.57   Med: 7.63   Max: 10.33
Current: 6.68


ISX:SMIL's Interest Coverage is ranked worse than
63.72% of 791 companies
in the Business Services industry
Industry Median: 13.32 vs ISX:SMIL: 6.68

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


PTrana Mitra Luas TBK Interest Coverage Historical Data

The historical data trend for PTrana Mitra Luas 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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PTrana Mitra Luas TBK Interest Coverage Chart

PTrana Mitra Luas TBK Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Interest Coverage
Get a 7-Day Free Trial 3.93 8.43 6.82 10.23 10.33

PTrana Mitra Luas TBK Quarterly Data
Dec19 Dec20 Dec21 Oct22 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 12.13 3.40 13.93 10.75 4.11

Competitive Comparison of PTrana Mitra Luas TBK's Interest Coverage

For the Rental & Leasing Services subindustry, PTrana Mitra Luas 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.


PTrana Mitra Luas TBK's Interest Coverage Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, PTrana Mitra Luas TBK's Interest Coverage distribution charts can be found below:

* The bar in red indicates where PTrana Mitra Luas TBK's Interest Coverage falls into.


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PTrana Mitra Luas 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.

PTrana Mitra Luas 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, PTrana Mitra Luas TBK's Interest Expense was Rp-9,131 Mil. Its Operating Income was Rp94,294 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp294,950 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2024 )/Interest Expense (A: Dec. 2024 )
=-1*94293.87/-9131.427
=10.33

PTrana Mitra Luas TBK's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the three months ended in Mar. 2025, PTrana Mitra Luas TBK's Interest Expense was Rp-7,885 Mil. Its Operating Income was Rp32,379 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp295,115 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2025 )/Interest Expense (Q: Mar. 2025 )
=-1*32379.03/-7884.616
=4.11

* 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.


PTrana Mitra Luas TBK  (ISX:SMIL) 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 .


PTrana Mitra Luas TBK Interest Coverage Related Terms

Thank you for viewing the detailed overview of PTrana Mitra Luas TBK's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


PTrana Mitra Luas TBK Business Description

Traded in Other Exchanges
N/A
Address
Jalan Gemalapik Pasirsari, Raya No. 130-111, Cikarang Selatan, Jawa Barat, Bekasi, IDN, 17530
PT Sarana Mitra Luas TBK is a forklift rental company with a total fleet of more than 3,000 units. Apart from rental, It also provides other material handling solutions such as selling and servicing forklifts. The company only has one business segment, namely forklift rental services.

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