PetroVietnam Gas JSC (STC:GAS) Interest Coverage : 26.64 (As of Mar. 2024)

View and export this data going back to 2012. Start your Free Trial

What is PetroVietnam Gas JSC 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. PetroVietnam Gas JSC's Operating Income for the three months ended in Mar. 2024 was ₫2,887,959 Mil. PetroVietnam Gas JSC's Interest Expense for the three months ended in Mar. 2024 was ₫-108,404 Mil. PetroVietnam Gas JSC's interest coverage for the quarter that ended in Mar. 2024 was 26.64. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for PetroVietnam Gas JSC's Interest Coverage or its related term are showing as below:

STC:GAS' s Interest Coverage Range Over the Past 10 Years
Min: 20.29 Med: 44.55 Max: 85.89
Current: 20.29

STC:GAS's Interest Coverage is ranked better than
71.92% of 762 companies
in the Oil & Gas industry
Industry Median: 6.62 vs STC:GAS: 20.29

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

PetroVietnam Gas JSC Interest Coverage Historical Data

The historical data trend for PetroVietnam Gas JSC'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.

PetroVietnam Gas JSC Interest Coverage Chart

PetroVietnam Gas JSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

69.07

85.89

34.11

52.84

37.96

PetroVietnam Gas JSC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial															60.88	36.65	9.64	26.86	26.64

Competitive Comparison of PetroVietnam Gas JSC's Interest Coverage

For the Oil & Gas Integrated subindustry, PetroVietnam Gas JSC'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.

PetroVietnam Gas JSC's Interest Coverage Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, PetroVietnam Gas JSC's Interest Coverage distribution charts can be found below:

* The bar in red indicates where PetroVietnam Gas JSC's Interest Coverage falls into.

PetroVietnam Gas JSC 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.

PetroVietnam Gas JSC'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, PetroVietnam Gas JSC's Interest Expense was ₫-339,976 Mil. Its Operating Income was ₫12,906,193 Mil. And its Long-Term Debt & Capital Lease Obligation was ₫4,270,502 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	12906192.709	/	-339976.057
	=	37.96

PetroVietnam Gas JSC's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, PetroVietnam Gas JSC's Interest Expense was ₫-108,404 Mil. Its Operating Income was ₫2,887,959 Mil. And its Long-Term Debt & Capital Lease Obligation was ₫4,233,471 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	2887958.547	/	-108404.069
	=	26.64

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

PetroVietnam Gas JSC (STC:GAS) 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 .

PetroVietnam Gas JSC Interest Coverage Related Terms

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

PetroVietnam Gas JSC (STC:GAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PetroVietnam Gas JSC (STC:GAS) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 673 Nguyen Huu Tho Street, 12th, 12Ath, 14th, 15th Floor, PV Gas Building, Phuoc Kien Commune, Nha Be District, Ho Chi Minh City, VNM

Website

https://www.pvgas.com.vn

PetroVietnam Gas JSC is a Vietnam-based company which is active in the oil and gas industry. The principal activities of the company are to collect, import, transport, store, process, distribute, trade gas and gas products. It is engaged in distributing, trading gas and dry gas products, LNG (liquefied natural gas), CNG (Compressed natural gas), LPG (Liquefied Petroleum Gas) and condensates for industrial and household use as well as managing, operating, maintaining and restoring all gas works. The company also provides services in the gas industry such as renovating, maintaining, and restoring engines, installing conversion equipment for means of transport and agriculture, forestry and others. It operates its business across the Vietnam.