Dyna-Mac Holdings (SGX:NO4) Interest Coverage : 88.38 (As of Jun. 2024)

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What is Dyna-Mac Holdings 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. Dyna-Mac Holdings's Operating Income for the six months ended in Jun. 2024 was S$42.1 Mil. Dyna-Mac Holdings's Interest Expense for the six months ended in Jun. 2024 was S$-0.5 Mil. Dyna-Mac Holdings's interest coverage for the quarter that ended in Jun. 2024 was 88.38. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Dyna-Mac Holdings Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Dyna-Mac Holdings's Interest Coverage or its related term are showing as below:

SGX:NO4' s Interest Coverage Range Over the Past 10 Years
Min: 0.61 Med: 20.01 Max: 753.64
Current: 98.03

SGX:NO4's Interest Coverage is not ranked
in the Construction industry.
Industry Median: 7.24 vs SGX:NO4: 98.03

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

Dyna-Mac Holdings Interest Coverage Historical Data

The historical data trend for Dyna-Mac Holdings'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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Dyna-Mac Holdings Interest Coverage Chart

Dyna-Mac Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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19.60

753.64

208.80

Dyna-Mac Holdings 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															80.00	4,795.50	3,393.50	144.46	88.38

Competitive Comparison of Dyna-Mac Holdings's Interest Coverage

For the Engineering & Construction subindustry, Dyna-Mac Holdings'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.

Dyna-Mac Holdings's Interest Coverage Distribution in the Construction Industry

For the Construction industry and Industrials sector, Dyna-Mac Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Dyna-Mac Holdings's Interest Coverage falls into.

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Dyna-Mac Holdings 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.

Dyna-Mac Holdings'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, Dyna-Mac Holdings's Interest Expense was S$-0.1 Mil. Its Operating Income was S$21.1 Mil. And its Long-Term Debt & Capital Lease Obligation was S$45.8 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	21.089	/	-0.101
	=	208.80

Dyna-Mac Holdings's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Here, for the six months ended in Jun. 2024, Dyna-Mac Holdings's Interest Expense was S$-0.5 Mil. Its Operating Income was S$42.1 Mil. And its Long-Term Debt & Capital Lease Obligation was S$49.4 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	42.068	/	-0.476
	=	88.38

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

Dyna-Mac Holdings (SGX:NO4) 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 .

Dyna-Mac Holdings Interest Coverage Related Terms

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

Dyna-Mac Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Dyna-Mac Holdings Ltd (SGX:NO4) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

45 Gul Road, Singapore, SGP, 629350

Website

https://www.dyna-mac.com

Dyna-Mac Holdings Ltd is an investment holding company engaged in providing services for the marine and oil and gas industries. It provides engineering, fabrication, and construction of offshore FPSO (floating production storage offloading) and FSO (floating storage offloading) topside modules as well as onshore plants and other sub-sea products for the oil and gas industries. The operating segments of the group are Module business and Ad-hoc projects. It derives maximum revenue from the Module business segment and involves detailed engineering, procurement, and construction of topside modules for FPSOs and F-LNG (floating liquefied natural gas). The group operates in the Asia Pacific, Europe, and the Americas, of which maximum revenue is generated in Europe.

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