Gallant Venture (SGX:5IG) Interest Coverage : 0.55 (As of Dec. 2023)

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What is Gallant Venture 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. Gallant Venture's Operating Income for the six months ended in Dec. 2023 was S$10.9 Mil. Gallant Venture's Interest Expense for the six months ended in Dec. 2023 was S$-19.9 Mil. Gallant Venture's interest coverage for the quarter that ended in Dec. 2023 was 0.55. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Gallant Venture Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

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

SGX:5IG' s Interest Coverage Range Over the Past 10 Years
Min: 0.01 Med: 0.38 Max: 0.77
Current: 0.48

SGX:5IG's Interest Coverage is ranked worse than
97.08% of 445 companies
in the Utilities - Regulated industry
Industry Median: 3.78 vs SGX:5IG: 0.48

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

Gallant Venture Interest Coverage Historical Data

The historical data trend for Gallant Venture'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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Gallant Venture Interest Coverage Chart

Gallant Venture Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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0.40

0.48

Gallant Venture Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial															-	-	0.72	0.41	0.55

Competitive Comparison of Gallant Venture's Interest Coverage

For the Utilities - Diversified subindustry, Gallant Venture'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.

Gallant Venture's Interest Coverage Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Gallant Venture's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Gallant Venture's Interest Coverage falls into.

Gallant Venture 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.

Gallant Venture'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, Gallant Venture's Interest Expense was S$-37.5 Mil. Its Operating Income was S$18.1 Mil. And its Long-Term Debt & Capital Lease Obligation was S$316.2 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	18.147	/	-37.515
	=	0.48

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

Here, for the six months ended in Dec. 2023, Gallant Venture's Interest Expense was S$-19.9 Mil. Its Operating Income was S$10.9 Mil. And its Long-Term Debt & Capital Lease Obligation was S$316.2 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	10.877	/	-19.924
	=	0.55

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

Gallant Venture (SGX:5IG) 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 .

Gallant Venture Interest Coverage Related Terms

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

Gallant Venture (SGX:5IG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Gallant Venture Ltd (SGX:5IG) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 HarbourFront Place, No. 16-01 HarbourFront Tower Two, Singapore, SGP, 099254

Website

http://www.gallantventure.com

Gallant Venture Ltd is an investment holding company. The company operates in different segments: Utilities, which is engaged in activities of provision of electricity and water supply, telecommunication services, and waste management services; Industrial parks, which is into the development, construction, operation, and maintenance of industrial properties; Resort operations, which are engaged in the provision of services to resort operation; and Property development, which is engaged in activities of developing industrial and resort properties. The majority is from the utilities segment. Geographically, the Group operates mainly in Indonesia.

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