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Pappajack Bhd (XKLS:0242) Interest Coverage : 13.39 (As of Mar. 2024)


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What is Pappajack 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. Pappajack Bhd's Operating Income for the three months ended in Mar. 2024 was RM7.9 Mil. Pappajack Bhd's Interest Expense for the three months ended in Mar. 2024 was RM-0.6 Mil. Pappajack Bhd's interest coverage for the quarter that ended in Mar. 2024 was 13.39. The higher the ratio, the stronger the company's financial strength is.

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

XKLS:0242' s Interest Coverage Range Over the Past 10 Years
Min: 9.73   Med: 14.37   Max: 19.62
Current: 13.32


XKLS:0242's Interest Coverage is ranked worse than
64.63% of 164 companies
in the Credit Services industry
Industry Median: 65.845 vs XKLS:0242: 13.32

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


Pappajack Bhd Interest Coverage Historical Data

The historical data trend for Pappajack 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.

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Pappajack Bhd Interest Coverage Chart

Pappajack Bhd Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial 9.73 15.78 19.62 17.56 12.95

Pappajack Bhd Quarterly Data
Dec18 Dec19 Sep20 Dec20 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 11.73 12.66 15.21 12.13 13.39

Competitive Comparison of Pappajack Bhd's Interest Coverage

For the Credit Services subindustry, Pappajack 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.


Pappajack Bhd's Interest Coverage Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Pappajack Bhd's Interest Coverage distribution charts can be found below:

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



Pappajack 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.

Pappajack Bhd'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, Pappajack Bhd's Interest Expense was RM-2.3 Mil. Its Operating Income was RM29.3 Mil. And its Long-Term Debt & Capital Lease Obligation was RM6.5 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*29.253/-2.259
=12.95

Pappajack Bhd's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Pappajack Bhd's Interest Expense was RM-0.6 Mil. Its Operating Income was RM7.9 Mil. And its Long-Term Debt & Capital Lease Obligation was RM6.6 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*7.901/-0.59
=13.39

* 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.


Pappajack Bhd  (XKLS:0242) 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 .


Pappajack Bhd Interest Coverage Related Terms

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


Pappajack Bhd (XKLS:0242) Business Description

Traded in Other Exchanges
N/A
Address
Taman Kinrara Seksyen 1, 11B, Jalan TK1/11A, Puchong, SGR, MYS, 47180
Pappajack Bhd is an investment holding company. It is principally involved in the provision of pawnbroking services through a network of pawnbroking outlets in Malaysia. The group operates in two segments: Interest income which includes interest charges from pawnbroking and Sales auction which includes sales of unredeemed or bid pledges.

Pappajack Bhd (XKLS:0242) Headlines

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