IDB Technologies Bhd (XKLS:03030) Interest Coverage : 203.22 (As of Dec. 2024)

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What is IDB Technologies 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. IDB Technologies Bhd's Operating Income for the six months ended in Dec. 2024 was RM1.83 Mil. IDB Technologies Bhd's Interest Expense for the six months ended in Dec. 2024 was RM-0.01 Mil. IDB Technologies Bhd's interest coverage for the quarter that ended in Dec. 2024 was 203.22. 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. IDB Technologies Bhd has enough cash to cover all of its debt. Its financial situation is stable.

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

XKLS:03030' s Interest Coverage Range Over the Past 10 Years
Min: 35.57 Med: 198.67 Max: No Debt
Current: 210

XKLS:03030's Interest Coverage is not ranked
in the Software industry.
Industry Median: 26.06 vs XKLS:03030: 210.00

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

IDB Technologies Bhd Interest Coverage Historical Data

The historical data trend for IDB Technologies 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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IDB Technologies Bhd Interest Coverage Chart

IDB Technologies Bhd Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Interest Coverage

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35.57

141.80

124.88

165.83

198.67

IDB Technologies Bhd Semi-Annual Data
	Jun16	Jun17	Jun18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Interest Coverage	Get a 7-Day Free Trial									175.33	156.33	177.17	220.17	203.22

Competitive Comparison of IDB Technologies Bhd's Interest Coverage

For the Software - Application subindustry, IDB Technologies 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.

IDB Technologies Bhd's Interest Coverage Distribution in the Software Industry

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

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

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IDB Technologies 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.

IDB Technologies Bhd's Interest Coverage for the fiscal year that ended in Jun. 2024 is calculated as

Here, for the fiscal year that ended in Jun. 2024, IDB Technologies Bhd's Interest Expense was RM-0.01 Mil. Its Operating Income was RM2.38 Mil. And its Long-Term Debt & Capital Lease Obligation was RM0.29 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Jun. 2024 )	/	Interest Expense (A: Jun. 2024 )
	=	-1	*	2.384	/	-0.012
	=	198.67

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

Here, for the six months ended in Dec. 2024, IDB Technologies Bhd's Interest Expense was RM-0.01 Mil. Its Operating Income was RM1.83 Mil. And its Long-Term Debt & Capital Lease Obligation was RM0.25 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	1.829	/	-0.009
	=	203.22

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

IDB Technologies Bhd (XKLS:03030) 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 .

IDB Technologies Bhd Interest Coverage Related Terms

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

IDB Technologies Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » IDB Technologies Bhd (XKLS:03030) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Teknokrat 2/1, Cyber 4, C5-3, Radius Business Park, Cyberjaya, Kuala Lumpur, SGR, MYS, 63000

Website

https://www.idb.com.my

IDB Technologies Bhd is a PMS solution provider. Its PMS solutions comprise of proprietary software, hardware as well as other services and solutions. The PMS solutions facilitate the management of hotel and accommodation operations and functions and, its customers are hotels and accommodations. It operates in one business segment being development and trading of software in Malaysia. Geographically, the company derives a majority of its revenue from Malaysia followed by Cambodia, Singapore, Indonesia, and Vietnam.

IDB Technologies Bhd Headlines

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