Great Taipei Gas (TPE:9908) Interest Coverage : 490.80 (As of Mar. 2024)

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What is Great Taipei Gas 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. Great Taipei Gas's Operating Income for the three months ended in Mar. 2024 was NT$154 Mil. Great Taipei Gas's Interest Expense for the three months ended in Mar. 2024 was NT$-0 Mil. Great Taipei Gas's interest coverage for the quarter that ended in Mar. 2024 was 490.80. 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. Great Taipei Gas Corp has enough cash to cover all of its debt. Its financial situation is stable.

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

TPE:9908' s Interest Coverage Range Over the Past 10 Years
Min: 344.56 Med: 681.33 Max: 860.22
Current: 443.36

TPE:9908's Interest Coverage is ranked better than
95.58% of 453 companies
in the Utilities - Regulated industry
Industry Median: 3.87 vs TPE:9908: 443.36

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

Great Taipei Gas Interest Coverage Historical Data

The historical data trend for Great Taipei Gas'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.

Great Taipei Gas Interest Coverage Chart

Great Taipei Gas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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705.24

689.01

836.71

860.22

461.57

Great Taipei Gas 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															578.73	549.93	275.82	541.75	490.80

Competitive Comparison of Great Taipei Gas's Interest Coverage

For the Utilities - Regulated Gas subindustry, Great Taipei Gas'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.

Great Taipei Gas's Interest Coverage Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Great Taipei Gas's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Great Taipei Gas's Interest Coverage falls into.

Great Taipei Gas 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.

Great Taipei Gas'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, Great Taipei Gas's Interest Expense was NT$-1 Mil. Its Operating Income was NT$639 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$3 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	639.273	/	-1.385
	=	461.57

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

Here, for the three months ended in Mar. 2024, Great Taipei Gas's Interest Expense was NT$-0 Mil. Its Operating Income was NT$154 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$0 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	153.621	/	-0.313
	=	490.80

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

Great Taipei Gas (TPE:9908) 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 .

Great Taipei Gas Interest Coverage Related Terms

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

Great Taipei Gas (TPE:9908) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Great Taipei Gas Corp (TPE:9908) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 35, Lane 11, Guangfu N. Raod, 5th Floor, Songshan District, Taipei, TWN, 105

Website

https://www.taipeigas.com.tw

Great Taipei Gas Corp is a Taiwanese gas utility company that provides natural gas services to districts throughout the city of Taipei, Taiwan. The company's core activity is the selling of a variety of gas utility-related products and supplies, such as natural gas, gas equipment, gas meters, and gas instruments, which are sourced primarily from Europe, America, and Japan. Great Taipei Gas then distributes natural gas to end users in the Taiwanese capital city by operating a network of gas pipelines and storage facilities.

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