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Saigon VRG Investment (STC:SIP) Interest Coverage : 6.76 (As of Sep. 2024)


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What is Saigon VRG Investment 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. Saigon VRG Investment's Operating Income for the three months ended in Sep. 2024 was ₫271,937 Mil. Saigon VRG Investment's Interest Expense for the three months ended in Sep. 2024 was ₫-40,250 Mil. Saigon VRG Investment's interest coverage for the quarter that ended in Sep. 2024 was 6.76. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Saigon VRG Investment's Interest Coverage or its related term are showing as below:

STC:SIP' s Interest Coverage Range Over the Past 10 Years
Min: 10.53   Med: 39.35   Max: 121.9
Current: 10.53


STC:SIP's Interest Coverage is ranked better than
69.76% of 1316 companies
in the Real Estate industry
Industry Median: 3.895 vs STC:SIP: 10.53

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


Saigon VRG Investment Interest Coverage Historical Data

The historical data trend for Saigon VRG Investment'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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Saigon VRG Investment Interest Coverage Chart

Saigon VRG Investment Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial 121.90 37.72 69.08 29.97 12.84

Saigon VRG Investment Quarterly Data
Dec18 Dec19 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 9.57 12.60 15.67 11.85 6.76

Competitive Comparison of Saigon VRG Investment's Interest Coverage

For the Real Estate - Development subindustry, Saigon VRG Investment'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.


Saigon VRG Investment's Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Saigon VRG Investment's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Saigon VRG Investment's Interest Coverage falls into.



Saigon VRG Investment 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.

Saigon VRG Investment'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, Saigon VRG Investment's Interest Expense was ₫-64,091 Mil. Its Operating Income was ₫822,621 Mil. And its Long-Term Debt & Capital Lease Obligation was ₫90,688 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*822621.161/-64090.698
=12.84

Saigon VRG Investment's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the three months ended in Sep. 2024, Saigon VRG Investment's Interest Expense was ₫-40,250 Mil. Its Operating Income was ₫271,937 Mil. And its Long-Term Debt & Capital Lease Obligation was ₫1,170,302 Mil.

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*271936.669/-40249.654
=6.76

* 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.


Saigon VRG Investment  (STC:SIP) 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 .


Saigon VRG Investment Interest Coverage Related Terms

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


Saigon VRG Investment Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
106 Nguyen Van Troi, Ward 8, CentrePoint Building, Phu Nhuan District, Ho Chi Minh, VNM
Saigon VRG Investment Corp specializes in the development and construction of industrial parks, residential areas, and commercial centers, providing high-standard amenities, modern production, and a living environment.

Saigon VRG Investment Headlines

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