SBS Transit (SGX:S61) Interest Coverage : 119.46 (As of Dec. 2024)

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What is SBS Transit 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. SBS Transit's Operating Income for the six months ended in Dec. 2024 was S$38 Mil. SBS Transit's Interest Expense for the six months ended in Dec. 2024 was S$-0 Mil. SBS Transit's interest coverage for the quarter that ended in Dec. 2024 was 119.46. 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. SBS Transit Ltd has enough cash to cover all of its debt. Its financial situation is stable.

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

SGX:S61' s Interest Coverage Range Over the Past 10 Years
Min: 4.31 Med: 26.67 Max: 100.78
Current: 100.78

SGX:S61's Interest Coverage is ranked better than
92.11% of 837 companies
in the Transportation industry
Industry Median: 6.13 vs SGX:S61: 100.78

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

SBS Transit Interest Coverage Historical Data

The historical data trend for SBS Transit'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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SBS Transit Interest Coverage Chart

SBS Transit Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Coverage

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24.63

40.00

54.25

50.60

100.78

SBS Transit Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Interest Coverage	Get a 7-Day Free Trial															52.87	55.53	46.89	85.89	119.46

Competitive Comparison of SBS Transit's Interest Coverage

For the Railroads subindustry, SBS Transit'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.

SBS Transit's Interest Coverage Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, SBS Transit's Interest Coverage distribution charts can be found below:

* The bar in red indicates where SBS Transit's Interest Coverage falls into.

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SBS Transit 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.

SBS Transit's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, SBS Transit's Interest Expense was S$-1 Mil. Its Operating Income was S$73 Mil. And its Long-Term Debt & Capital Lease Obligation was S$6 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2024 )	/	Interest Expense (A: Dec. 2024 )
	=	-1	*	73.166	/	-0.726
	=	100.78

SBS Transit's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the six months ended in Dec. 2024, SBS Transit's Interest Expense was S$-0 Mil. Its Operating Income was S$38 Mil. And its Long-Term Debt & Capital Lease Obligation was S$6 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	38.465	/	-0.322
	=	119.46

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

SBS Transit (SGX:S61) 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 .

SBS Transit Interest Coverage Related Terms

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

SBS Transit Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » SBS Transit Ltd (SGX:S61) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

205 Braddell Road, Singapore, SGP, 579701

Website

https://www.sbstransit.com.sg

SBS Transit Ltd is engaged in providing public transport services and consultancy services relating to land transport. The provision of public transport services includes the operation of public buses and rail transit systems in Singapore. The company's operating segments are Public Transport Services and Other Commercial Services. The Public Transport Services include income generated from the provision of bus and rail services to commuters traveling on public transport systems. The Other Commercial Services include income generated from advertisements on buses and trains, and rental collection from commercial and shop space at bus interchanges and rail stations. A majority of the company's revenue is generated from the Public Transport Services segment.

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