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Sinarmas Land (SGX:A26) Interest Coverage : 4.02 (As of Jun. 2024)


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What is Sinarmas Land 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. Sinarmas Land's Operating Income for the six months ended in Jun. 2024 was S$297 Mil. Sinarmas Land's Interest Expense for the six months ended in Jun. 2024 was S$-74 Mil. Sinarmas Land's interest coverage for the quarter that ended in Jun. 2024 was 4.02. The higher the ratio, the stronger the company's financial strength is.

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

SGX:A26' s Interest Coverage Range Over the Past 10 Years
Min: 1.81   Med: 3.26   Max: 7.3
Current: 3.68


SGX:A26's Interest Coverage is ranked worse than
51.45% of 1314 companies
in the Real Estate industry
Industry Median: 3.965 vs SGX:A26: 3.68

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


Sinarmas Land Interest Coverage Historical Data

The historical data trend for Sinarmas Land'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.

Sinarmas Land Interest Coverage Chart

Sinarmas Land Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.89 1.81 1.85 3.43 3.08

Sinarmas Land Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.87 4.04 2.76 3.39 4.02

Competitive Comparison of Sinarmas Land's Interest Coverage

For the Real Estate - Development subindustry, Sinarmas Land'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.


Sinarmas Land's Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Sinarmas Land's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Sinarmas Land's Interest Coverage falls into.


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Sinarmas Land 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.

Sinarmas Land'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, Sinarmas Land's Interest Expense was S$-176 Mil. Its Operating Income was S$540 Mil. And its Long-Term Debt & Capital Lease Obligation was S$1,334 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*540.353/-175.652
=3.08

Sinarmas Land's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Here, for the six months ended in Jun. 2024, Sinarmas Land's Interest Expense was S$-74 Mil. Its Operating Income was S$297 Mil. And its Long-Term Debt & Capital Lease Obligation was S$1,189 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*296.544/-73.771
=4.02

* 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.


Sinarmas Land  (SGX:A26) 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 .


Sinarmas Land Interest Coverage Related Terms

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


Sinarmas Land Business Description

Traded in Other Exchanges
N/A
Address
108 Pasir Panjang Road, No. 06-00 Golden Agri Plaza, Singapore, SGP, 118535
Sinarmas Land Ltd develops, leases, and manages properties in Indonesia, China, Malaysia, and Singapore. The company operates in four segments: Indonesia property, international property, United Kingdom property, and other. The Indonesia property segment contributes the majority of the company's revenue, owning around 10,000 hectares of land with projects in city development, residential, commercial, retail, industrial estates, and hospitality properties, as well as property-related services. International property engages in and derives revenue from the investment, development, and management of commercial and residential properties in Malaysia, China, and Singapore. Other operations include the investment holding and corporate office.

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