Plytec Holding Bhd (XKLS:0289) Interest Coverage : 5.30 (As of Dec. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Plytec Holding 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. Plytec Holding Bhd's Operating Income for the three months ended in Dec. 2024 was RM6.7 Mil. Plytec Holding Bhd's Interest Expense for the three months ended in Dec. 2024 was RM-1.3 Mil. Plytec Holding Bhd's interest coverage for the quarter that ended in Dec. 2024 was 5.30. The higher the ratio, the stronger the company's financial strength is.

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

XKLS:0289' s Interest Coverage Range Over the Past 10 Years
Min: 3.45 Med: 6.12 Max: 7.12
Current: 6.56

XKLS:0289's Interest Coverage is ranked better than
50.99% of 302 companies
in the Building Materials industry
Industry Median: 6.355 vs XKLS:0289: 6.56

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

Plytec Holding Bhd Interest Coverage Historical Data

The historical data trend for Plytec Holding 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.

Plytec Holding Bhd Interest Coverage Chart

Plytec Holding Bhd Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Coverage

3.45

6.12

7.12

3.60

6.56

Plytec Holding Bhd Quarterly Data
	Dec20	Dec21	Dec22	May23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Coverage	Get a 7-Day Free Trial					-	6.46	7.23	7.57	5.30

Competitive Comparison of Plytec Holding Bhd's Interest Coverage

For the Building Materials subindustry, Plytec Holding 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.

Plytec Holding Bhd's Interest Coverage Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Plytec Holding Bhd's Interest Coverage distribution charts can be found below:

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

Save Embed

;

Save Embed

;

Plytec Holding 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.

Plytec Holding Bhd's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, Plytec Holding Bhd's Interest Expense was RM-4.3 Mil. Its Operating Income was RM28.2 Mil. And its Long-Term Debt & Capital Lease Obligation was RM21.3 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2024 )	/	Interest Expense (A: Dec. 2024 )
	=	-1	*	28.22	/	-4.3
	=	6.56

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

Here, for the three months ended in Dec. 2024, Plytec Holding Bhd's Interest Expense was RM-1.3 Mil. Its Operating Income was RM6.7 Mil. And its Long-Term Debt & Capital Lease Obligation was RM21.3 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	6.683	/	-1.261
	=	5.30

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

Plytec Holding Bhd (XKLS:0289) 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 .

Plytec Holding Bhd Interest Coverage Related Terms

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

Plytec Holding Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Plytec Holding Bhd (XKLS:0289) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 19, Jalan Meranti Permai 3, Meranti Permai Industrial Park, Batu 15, Jalan Puchong, Selangor Darul Ehsan, Puchong, SGR, MYS, 47100

Website

https://www.plytec.com.my

Plytec Holding Bhd is principally involved in the provision of construction engineering solutions and services and the trading and distribution of core and general building materials for construction projects. Its construction engineering solutions and services include CME Solutions, DDE Solutions, and PC Solutions which are aimed at increasing the efficiency and safety in construction activities via the adoption of industrialization practices, supported by the digitalization of construction processes. The company has four segments: Construction method engineering solutions; Trading and distribution of building materials, that derives maximum revenue; Digital design and engineering solutions; Prefabricated construction solutions and Other Segment.

Plytec Holding Bhd Headlines

No Headlines