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Nova MSC Bhd (XKLS:0026PA.PFD) Interest Coverage : 3.18 (As of Dec. 2024)


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What is Nova MSC Bhd 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. Nova MSC Bhd's Operating Income for the three months ended in Dec. 2024 was RM1.09 Mil. Nova MSC Bhd's Interest Expense for the three months ended in Dec. 2024 was RM-0.34 Mil. Nova MSC Bhd's interest coverage for the quarter that ended in Dec. 2024 was 3.18. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Nova MSC Bhd's Interest Coverage or its related term are showing as below:


XKLS:0026PA.PFD's Interest Coverage is not ranked *
in the Software industry.
Industry Median: 27.86
* Ranked among companies with meaningful Interest Coverage only.

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


Nova MSC Bhd Interest Coverage Historical Data

The historical data trend for Nova MSC Bhd'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.

Nova MSC Bhd Interest Coverage Chart

Nova MSC Bhd Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.61 - - - -

Nova MSC Bhd Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 Premium Member Only Premium Member Only - 7.65 - - 3.18

Competitive Comparison of Nova MSC Bhd's Interest Coverage

For the Software - Application subindustry, Nova MSC Bhd'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.


Nova MSC Bhd's Interest Coverage Distribution in the Software Industry

For the Software industry and Technology sector, Nova MSC Bhd's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Nova MSC Bhd's Interest Coverage falls into.


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Nova MSC Bhd 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.

Nova MSC Bhd's Interest Coverage for the fiscal year that ended in Mar. 2024 is calculated as

Here, for the fiscal year that ended in Mar. 2024, Nova MSC Bhd's Interest Expense was RM-0.77 Mil. Its Operating Income was RM-5.28 Mil. And its Long-Term Debt & Capital Lease Obligation was RM0.03 Mil.

Nova MSC Bhd did not have earnings to cover the interest expense.

Nova MSC Bhd's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the three months ended in Dec. 2024, Nova MSC Bhd's Interest Expense was RM-0.34 Mil. Its Operating Income was RM1.09 Mil. And its Long-Term Debt & Capital Lease Obligation was RM4.05 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2024 )/Interest Expense (Q: Dec. 2024 )
=-1*1.085/-0.341
=3.18

* 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.


Nova MSC Bhd  (XKLS:0026PA.PFD) 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 .


Nova MSC Bhd Interest Coverage Related Terms

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


Nova MSC Bhd Business Description

Traded in Other Exchanges
Address
No. 1, Medan Syed Putra Utara, Suite A-18-3, Northpoint, Mid Valley City, Tower A, Level 18, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 59200
Nova MSC Bhd is an investment holding company. The company is engaged in software research and development and the provision of e-business solutions through the sale of application software and professional services for software customization and implementation. Its Geographical segments include Malaysia and Singapore. The products of the company include Pavo, which is an e-Government software that facilities the online submission of application documents; Avicenna, which is a fully integrated cloud-based system that takes care of the administrative needs, EyScan, a cloud-based platform that manages and executes SELENA+, system that performs automated retinal photo analysis and others.

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