Thomson Medical Group (SGX:A50) Interest Coverage : 1.33 (As of Dec. 2023)

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What is Thomson Medical Group 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. Thomson Medical Group's Operating Income for the six months ended in Dec. 2023 was S$27.4 Mil. Thomson Medical Group's Interest Expense for the six months ended in Dec. 2023 was S$-20.6 Mil. Thomson Medical Group's interest coverage for the quarter that ended in Dec. 2023 was 1.33. 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. Thomson Medical Group Ltd interest coverage is 1.72, which is low.

The historical rank and industry rank for Thomson Medical Group's Interest Coverage or its related term are showing as below:

SGX:A50' s Interest Coverage Range Over the Past 10 Years
Min: 1.72 Med: 3.11 Max: No Debt
Current: 1.72

SGX:A50's Interest Coverage is ranked worse than
84.07% of 408 companies
in the Healthcare Providers & Services industry
Industry Median: 8.91 vs SGX:A50: 1.72

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

Thomson Medical Group Interest Coverage Historical Data

The historical data trend for Thomson Medical Group'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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Thomson Medical Group Interest Coverage Chart

Thomson Medical Group Annual Data

Trend

Mar12

Mar13

Dec14

Dec15

Dec16

Dec17

Dec18

Jun21

Jun22

Jun23

Interest Coverage

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3.53

2.16

2.07

3.91

2.69

Thomson Medical Group 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															2.69	5.07	3.29	2.19	1.33

Competitive Comparison of Thomson Medical Group's Interest Coverage

For the Medical Care Facilities subindustry, Thomson Medical Group'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.

Thomson Medical Group's Interest Coverage Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Thomson Medical Group's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Thomson Medical Group's Interest Coverage falls into.

Thomson Medical Group 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.

Thomson Medical Group's Interest Coverage for the fiscal year that ended in Jun. 2023 is calculated as

Here, for the fiscal year that ended in Jun. 2023, Thomson Medical Group's Interest Expense was S$-30.5 Mil. Its Operating Income was S$82.0 Mil. And its Long-Term Debt & Capital Lease Obligation was S$744.1 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Jun. 2023 )	/	Interest Expense (A: Jun. 2023 )
	=	-1	*	81.984	/	-30.512
	=	2.69

Thomson Medical Group's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Thomson Medical Group's Interest Expense was S$-20.6 Mil. Its Operating Income was S$27.4 Mil. And its Long-Term Debt & Capital Lease Obligation was S$1,014.9 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	27.449	/	-20.639
	=	1.33

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

Thomson Medical Group (SGX:A50) 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 .

Thomson Medical Group Interest Coverage Related Terms

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

Thomson Medical Group (SGX:A50) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Thomson Medical Group Ltd (SGX:A50) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 Thomson Road, No. 20-04/05, United Square, Singapore, SGP, 307591

Website

https://www.thomsonmedical.com

Thomson Medical Group Ltd is a provider of healthcare services for women and children. Its segments include Hospital services; Specialised services and Investment holdings. It generates maximum revenue from the Specialised services segment. The specialised services segment includes services provided by fertility clinics, paediatric centres, cancer centre, cardiology centre, Chinese medicine, specialist skin centre and a pre-natal and clinical diagnostic laboratory and project-related services such as managing vaccination centres, COVID-19 Treatment Facilities and Transitional Care Facilities. It also includes a consumer business segment, comprising products and services. Geographically, it derives a majority of its revenue from Singapore.

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