Filinvest Development (PHS:FDC) Interest Coverage : 1.05 (As of Dec. 2023)

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What is Filinvest Development 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. Filinvest Development's Operating Income for the three months ended in Dec. 2023 was ₱2,798 Mil. Filinvest Development's Interest Expense for the three months ended in Dec. 2023 was ₱-2,673 Mil. Filinvest Development's interest coverage for the quarter that ended in Dec. 2023 was 1.05. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Filinvest Development's Interest Coverage or its related term are showing as below:

PHS:FDC' s Interest Coverage Range Over the Past 10 Years
Min: 1.52 Med: 2.32 Max: 13.58
Current: 13.58

PHS:FDC's Interest Coverage is ranked better than
68.88% of 392 companies
in the Conglomerates industry
Industry Median: 5.07 vs PHS:FDC: 13.58

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

Filinvest Development Interest Coverage Historical Data

The historical data trend for Filinvest Development'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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Filinvest Development Interest Coverage Chart

Filinvest Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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3.83

1.52

1.83

2.32

2.46

Filinvest Development Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															1.25	N/A	N/A	N/A	1.05

Competitive Comparison of Filinvest Development's Interest Coverage

For the Conglomerates subindustry, Filinvest Development'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.

Filinvest Development's Interest Coverage Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Filinvest Development's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Filinvest Development's Interest Coverage falls into.

Filinvest Development 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.

Filinvest Development'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, Filinvest Development's Interest Expense was ₱-5,165 Mil. Its Operating Income was ₱12,710 Mil. And its Long-Term Debt & Capital Lease Obligation was ₱109,972 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	12709.636	/	-5165.195
	=	2.46

Filinvest Development's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Filinvest Development's Interest Expense was ₱-2,673 Mil. Its Operating Income was ₱2,798 Mil. And its Long-Term Debt & Capital Lease Obligation was ₱109,972 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	2798.001	/	-2672.97
	=	1.05

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

Filinvest Development (PHS:FDC) 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 .

Filinvest Development Interest Coverage Related Terms

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

Filinvest Development (PHS:FDC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Filinvest Development Corp (PHS:FDC) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

5th Avenue corner 23rd Street, 6th Floor, The Beaufort, Bonifacio Global City, Metro Manila, Taguig City, PHL, 1634

Website

https://www.filinvestgroup.com

Filinvest Development Corp is a Philippines-based company which focuses on diverse business such as real estate development and leasing, hospitality operations, banking and financial services, power and utility operations, sugar cane farming, milling and sugar trading. Majority of its revenue generating operating segments are Real estate and hospitality which is involved in acquisition of land, planning and development of large-scale fully integrated residential and commercial communities; development and sale of residential and commercial lots; Sugar Operations which involves purchase of raw sugar, refined sugar and molasses from Davao Sugar Central Company, Inc. and Cotabato Sugar Central Company, Inc., subsidiaries of PSHC, and sale to third parties.