Cloudpoint Technology Bhd (XKLS:0277) Interest Coverage : 2,177.00 (As of Sep. 2023)

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What is Cloudpoint Technology 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. Cloudpoint Technology Bhd's Operating Income for the three months ended in Sep. 2023 was RM4.4 Mil. Cloudpoint Technology Bhd's Interest Expense for the three months ended in Sep. 2023 was RM-0.0 Mil. Cloudpoint Technology Bhd's interest coverage for the quarter that ended in Sep. 2023 was 2,177.00. 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. Cloudpoint Technology Bhd has enough cash to cover all of its debt. Its financial situation is stable.

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

XKLS:0277' s Interest Coverage Range Over the Past 10 Years
Min: 1096.38 Med: 2044.94 Max: No Debt
Current: 1520.85

XKLS:0277's Interest Coverage is ranked better than
84.5% of 1606 companies
in the Software industry
Industry Median: 28.9 vs XKLS:0277: 1520.85

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

Cloudpoint Technology Bhd Interest Coverage Historical Data

The historical data trend for Cloudpoint Technology 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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Cloudpoint Technology Bhd Interest Coverage Chart

Cloudpoint Technology Bhd Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Interest Coverage

2,747.67

No Debt

1,342.20

1,096.38

Cloudpoint Technology Bhd Quarterly Data
	Dec19	Dec20	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23
Interest Coverage	Get a 7-Day Free Trial			No Debt	301.80	1,168.50	2,023.00	2,177.00

Competitive Comparison of Cloudpoint Technology Bhd's Interest Coverage

For the Information Technology Services subindustry, Cloudpoint Technology 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.

Cloudpoint Technology Bhd's Interest Coverage Distribution in the Software Industry

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

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

Cloudpoint Technology 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.

Cloudpoint Technology Bhd's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, Cloudpoint Technology Bhd's Interest Expense was RM-0.0 Mil. Its Operating Income was RM17.5 Mil. And its Long-Term Debt & Capital Lease Obligation was RM0.1 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2022 )	/	Interest Expense (A: Dec. 2022 )
	=	-1	*	17.542	/	-0.016
	=	1,096.38

Cloudpoint Technology Bhd's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, Cloudpoint Technology Bhd's Interest Expense was RM-0.0 Mil. Its Operating Income was RM4.4 Mil. And its Long-Term Debt & Capital Lease Obligation was RM0.0 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	4.354	/	-0.002
	=	2,177.00

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

Cloudpoint Technology Bhd (XKLS:0277) 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 .

Cloudpoint Technology Bhd Interest Coverage Related Terms

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

Cloudpoint Technology Bhd (XKLS:0277) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cloudpoint Technology Bhd (XKLS:0277) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Jalan Solaris, Unit J-6-13, Block J, Solaris Mont Kiara, Mont Kiara, Kuala Lumpur, SGR, MYS, 50480

Website

https://www.cloudpoint-technology.com

Cloudpoint Technology Bhd is principally an investment holding company. Through Its subsidiary, CSSB, it is principally engaged in the provision of IT solutions comprising enterprise and data centre networking, cybersecurity solutions, professional IT services as well as cloud services and software applications. The company implements solutions and provides Its services mainly to large enterprises, particularly companies in the financial services, insurance, telecommunications industries, and other technology service providers in Malaysia. It also provides our solutions to multinational companies to cater to their operations based in Malaysia.

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