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PC (Premium Catering (Holdings)) Interest Coverage : 0 (At Loss) (As of Jun. 2024)


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What is Premium Catering (Holdings) 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. Premium Catering (Holdings)'s Operating Income for the six months ended in Jun. 2024 was $-0.79 Mil. Premium Catering (Holdings)'s Interest Expense for the six months ended in Jun. 2024 was $-0.06 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Premium Catering (Holdings)'s Interest Coverage or its related term are showing as below:


PC's Interest Coverage is not ranked *
in the Business Services industry.
Industry Median: 13.19
* Ranked among companies with meaningful Interest Coverage only.

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

Premium Catering (Holdings) Interest Coverage Historical Data

The historical data trend for Premium Catering (Holdings)'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.

* Premium members only.

Premium Catering (Holdings) Interest Coverage Chart

Premium Catering (Holdings) Annual Data
Trend Jun22 Jun23 Jun24
Interest Coverage
4.80 - -

Premium Catering (Holdings) Semi-Annual Data
Jun22 Dec22 Jun23 Dec23 Jun24
Interest Coverage N/A 2.25 - - -

Competitive Comparison of Premium Catering (Holdings)'s Interest Coverage

For the Specialty Business Services subindustry, Premium Catering (Holdings)'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.

Premium Catering (Holdings)'s Interest Coverage Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Premium Catering (Holdings)'s Interest Coverage distribution charts can be found below:

* The bar in red indicates where Premium Catering (Holdings)'s Interest Coverage falls into.


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Premium Catering (Holdings) 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.

Premium Catering (Holdings)'s Interest Coverage for the fiscal year that ended in Jun. 2024 is calculated as

Here, for the fiscal year that ended in Jun. 2024, Premium Catering (Holdings)'s Interest Expense was $-0.12 Mil. Its Operating Income was $-1.08 Mil. And its Long-Term Debt & Capital Lease Obligation was $2.23 Mil.

Premium Catering (Holdings) did not have earnings to cover the interest expense.

Premium Catering (Holdings)'s Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Here, for the six months ended in Jun. 2024, Premium Catering (Holdings)'s Interest Expense was $-0.06 Mil. Its Operating Income was $-0.79 Mil. And its Long-Term Debt & Capital Lease Obligation was $2.23 Mil.

Premium Catering (Holdings) did not have earnings to cover the interest expense.

* 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.

Premium Catering (Holdings)  (NAS:PC) 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 .

Premium Catering (Holdings) Interest Coverage Related Terms

Thank you for viewing the detailed overview of Premium Catering (Holdings)'s Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Premium Catering (Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Premium Catering (Holdings) Ltd (NAS:PC) » Definitions » Interest Coverage
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Traded in Other Exchanges
N/A
Address
6 Woodlands Walk, Singapore, SGP, 738398
Website
https://www.premium-catering.com.sg
Premium Catering (Holdings) Ltd is a company that conducts its operations through its subsidiary is mainly engaged in food catering for functions, events, and workers in Singapore. Are specialized in Indian, Bangladesh, and Chinese cuisine and all its food products are Halal food which is permissible for consumption by Muslims to consume. Are an ACRA registered company and licensed by SFA to operate and process food business. Serve highquality value-packed food, company deliver's a reliable and dependable service to meet customer's daily meal requirements. The Company recognizes revenue from sales of budgeted prepared meals.