Glostrext Bhd (XKLS:0284) Interest Coverage : 10.68 (As of Mar. 2023)

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What is Glostrext 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. Glostrext Bhd's Operating Income for the six months ended in Mar. 2023 was RM4.00 Mil. Glostrext Bhd's Interest Expense for the six months ended in Mar. 2023 was RM-0.37 Mil. Glostrext Bhd's interest coverage for the quarter that ended in Mar. 2023 was 10.68. The higher the ratio, the stronger the company's financial strength is.

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

XKLS:0284' s Interest Coverage Range Over the Past 10 Years
Min: 6.86 Med: 11.61 Max: 19.44
Current: 10.68

XKLS:0284's Interest Coverage is ranked better than
58.21% of 1266 companies
in the Construction industry
Industry Median: 7.06 vs XKLS:0284: 10.68

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

Glostrext Bhd Interest Coverage Historical Data

The historical data trend for Glostrext 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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Glostrext Bhd Interest Coverage Chart

Glostrext Bhd Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Interest Coverage

12.54

6.86

19.44

10.68

Glostrext Bhd Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
Interest Coverage	12.54	6.86	19.44	10.68

Competitive Comparison of Glostrext Bhd's Interest Coverage

For the Engineering & Construction subindustry, Glostrext 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.

Glostrext Bhd's Interest Coverage Distribution in the Construction Industry

For the Construction industry and Industrials sector, Glostrext Bhd's Interest Coverage distribution charts can be found below:

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

Glostrext 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.

Glostrext Bhd's Interest Coverage for the fiscal year that ended in Mar. 2023 is calculated as

Here, for the fiscal year that ended in Mar. 2023, Glostrext Bhd's Interest Expense was RM-0.37 Mil. Its Operating Income was RM4.00 Mil. And its Long-Term Debt & Capital Lease Obligation was RM8.58 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	3.995	/	-0.374
	=	10.68

Glostrext Bhd's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Here, for the six months ended in Mar. 2023, Glostrext Bhd's Interest Expense was RM-0.37 Mil. Its Operating Income was RM4.00 Mil. And its Long-Term Debt & Capital Lease Obligation was RM8.58 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2023 )	/	Interest Expense (Q: Mar. 2023 )
	=	-1	*	3.995	/	-0.374
	=	10.68

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

Glostrext Bhd (XKLS:0284) 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 .

Glostrext Bhd Interest Coverage Related Terms

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

Glostrext Bhd (XKLS:0284) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Glostrext Bhd (XKLS:0284) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 11A, Jalan Apollo U5/194, Bandar Pinggiran Subang, Seksyen U5, Shah Alam, SGR, MYS, 40150

Website

https://www.glostrext.com

Glostrext Bhd is a geotechnical instrumentation service provider, where it provides piling, structural and geotechnical-related services, covering instrumentation, testing and monitoring services to construction projects as well as completed buildings and infrastructure. Its service offerings can be categorized into 2 segments; Provision of pile instrumentation and static load test services to construction projects and Provision of structural and ground instrumentation and monitoring services to construction projects as well as completed buildings and infrastructures. The majority of revenue is derived from pile instrumentation and static load test services.

Glostrext Bhd (XKLS:0284) Headlines

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