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BRC Asia (SGX:BEC) Interest Coverage : 12.43 (As of Mar. 2025)


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What is BRC Asia 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. BRC Asia's Operating Income for the six months ended in Mar. 2025 was S$48 Mil. BRC Asia's Interest Expense for the six months ended in Mar. 2025 was S$-4 Mil. BRC Asia's interest coverage for the quarter that ended in Mar. 2025 was 12.43. The higher the ratio, the stronger the company's financial strength is.

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

SGX:BEC' s Interest Coverage Range Over the Past 10 Years
Min: 2.28   Med: 8.26   Max: 15.11
Current: 11.26


SGX:BEC's Interest Coverage is ranked better than
67.87% of 445 companies
in the Steel industry
Industry Median: 5.14 vs SGX:BEC: 11.26

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


BRC Asia Interest Coverage Historical Data

The historical data trend for BRC Asia'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.

BRC Asia Interest Coverage Chart

BRC Asia Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.38 11.08 15.11 7.52 8.99

BRC Asia Semi-Annual Data
Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25
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 5.70 9.29 8.04 10.31 12.43

Competitive Comparison of BRC Asia's Interest Coverage

For the Steel subindustry, BRC Asia'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.


BRC Asia's Interest Coverage Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, BRC Asia's Interest Coverage distribution charts can be found below:

* The bar in red indicates where BRC Asia's Interest Coverage falls into.


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BRC Asia 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.

BRC Asia's Interest Coverage for the fiscal year that ended in Sep. 2024 is calculated as

Here, for the fiscal year that ended in Sep. 2024, BRC Asia's Interest Expense was S$-11 Mil. Its Operating Income was S$101 Mil. And its Long-Term Debt & Capital Lease Obligation was S$18 Mil.

Interest Coverage=-1* Operating Income (A: Sep. 2024 )/Interest Expense (A: Sep. 2024 )
=-1*101.318/-11.273
=8.99

BRC Asia's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the six months ended in Mar. 2025, BRC Asia's Interest Expense was S$-4 Mil. Its Operating Income was S$48 Mil. And its Long-Term Debt & Capital Lease Obligation was S$15 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2025 )/Interest Expense (Q: Mar. 2025 )
=-1*47.51/-3.822
=12.43

* 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.


BRC Asia  (SGX:BEC) 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 .


BRC Asia Interest Coverage Related Terms

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


BRC Asia Business Description

Traded in Other Exchanges
N/A
Address
7 Tuas Avenue 16, Singapore, SGP, 638934
BRC Asia Ltd is engaged in prefabrication of steel reinforcement for use in concrete, trading of steel reinforcing bars, and manufacturing and sale of wire mesh fences. The company operates into 3 segments: The fabrication and manufacturing segment is involved in the business of processing and prefabrication of steel reinforcement. Trading segment is involved in trading of steel and steel related products. Others relates to property development and interest in associate who operates in the business of management of airport, hotel and resort and property development. Key revenue is generated from Fabrication and manufacturing. Geographically, it derives a majority of its revenue from Singapore and also has a presence in Malaysia, Thailand, Hong Kong, Australia and others.

BRC Asia Headlines

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