Credit Bureau Asia (SGX:TCU) Interest Coverage : 180.38 (As of Dec. 2023)

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What is Credit Bureau 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. Credit Bureau Asia's Operating Income for the six months ended in Dec. 2023 was S$11.36 Mil. Credit Bureau Asia's Interest Expense for the six months ended in Dec. 2023 was S$-0.06 Mil. Credit Bureau Asia's interest coverage for the quarter that ended in Dec. 2023 was 180.38. 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. Credit Bureau Asia Ltd has enough cash to cover all of its debt. Its financial situation is stable.

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

SGX:TCU' s Interest Coverage Range Over the Past 10 Years
Min: 64.61 Med: 136.83 Max: No Debt
Current: 186.48

SGX:TCU's Interest Coverage is ranked better than
68.13% of 455 companies
in the Capital Markets industry
Industry Median: 19.79 vs SGX:TCU: 186.48

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

Credit Bureau Asia Interest Coverage Historical Data

The historical data trend for Credit Bureau 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.

Credit Bureau Asia Interest Coverage Chart

Credit Bureau Asia Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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64.61

93.25

136.83

105.70

186.48

Credit Bureau Asia Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial							151.70	94.37	119.99	192.40	180.38

Competitive Comparison of Credit Bureau Asia's Interest Coverage

For the Financial Data & Stock Exchanges subindustry, Credit Bureau 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.

Credit Bureau Asia's Interest Coverage Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Credit Bureau Asia's Interest Coverage distribution charts can be found below:

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

Credit Bureau 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.

Credit Bureau Asia'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, Credit Bureau Asia's Interest Expense was S$-0.13 Mil. Its Operating Income was S$23.87 Mil. And its Long-Term Debt & Capital Lease Obligation was S$1.35 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	23.87	/	-0.128
	=	186.48

Credit Bureau Asia's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Credit Bureau Asia's Interest Expense was S$-0.06 Mil. Its Operating Income was S$11.36 Mil. And its Long-Term Debt & Capital Lease Obligation was S$1.35 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	11.364	/	-0.063
	=	180.38

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

Credit Bureau Asia (SGX:TCU) 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 .

Credit Bureau Asia Interest Coverage Related Terms

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

Credit Bureau Asia (SGX:TCU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Credit Bureau Asia Ltd (SGX:TCU) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

6 Shenton Way, No. 17-10 OUE Downtown 2, Singapore, SGP, 068809

Website

https://www.creditbureauasia.com

Credit Bureau Asia Ltd is a provider of credit and risk information solutions in Southeast Asia. The company provides credit and risk information solutions to a client base of banks, financial institutions, multinational corporations, telecommunication companies, government bodies and public agencies, local enterprises, and individuals across Singapore, Malaysia, Cambodia, and Myanmar (the Territories). It assists its customers to make informed, timely decisions by enhancing their risk assessment and decision-making processes with the help of products and services which include credit and risk information reports, credit scores, monitoring services, data trends and analytics, and client-specific tailored solutions.

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