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Farm Price Holdings Bhd (XKLS:0304) Interest Coverage : 23.86 (As of Jun. 2024)


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What is Farm Price Holdings 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. Farm Price Holdings Bhd's Operating Income for the six months ended in Jun. 2024 was RM6.11 Mil. Farm Price Holdings Bhd's Interest Expense for the six months ended in Jun. 2024 was RM-0.26 Mil. Farm Price Holdings Bhd's interest coverage for the quarter that ended in Jun. 2024 was 23.86. The higher the ratio, the stronger the company's financial strength is.

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

XKLS:0304' s Interest Coverage Range Over the Past 10 Years
Min: 3.91   Med: 7.63   Max: 23.86
Current: 23.86

XKLS:0304's Interest Coverage is ranked better than
61.81% of 254 companies
in the Retail - Defensive industry
Industry Median: 9.22 vs XKLS:0304: 23.86

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

Farm Price Holdings Bhd Interest Coverage Historical Data

The historical data trend for Farm Price Holdings 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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Farm Price Holdings Bhd Interest Coverage Chart

Farm Price Holdings Bhd Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Interest Coverage
5.80 3.91 9.46 19.55

Farm Price Holdings Bhd Semi-Annual Data
Dec20 Dec21 Dec22 Dec23 Jun24
Interest Coverage N/A N/A N/A N/A 23.86

Competitive Comparison of Farm Price Holdings Bhd's Interest Coverage

For the Food Distribution subindustry, Farm Price Holdings 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.

Farm Price Holdings Bhd's Interest Coverage Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Farm Price Holdings Bhd's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Farm Price Holdings Bhd's Interest Coverage falls into.


Farm Price Holdings 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.

Farm Price Holdings 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, Farm Price Holdings Bhd's Interest Expense was RM-0.58 Mil. Its Operating Income was RM11.28 Mil. And its Long-Term Debt & Capital Lease Obligation was RM9.46 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*11.28/-0.577
=19.55

Farm Price Holdings Bhd's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Here, for the six months ended in Jun. 2024, Farm Price Holdings Bhd's Interest Expense was RM-0.26 Mil. Its Operating Income was RM6.11 Mil. And its Long-Term Debt & Capital Lease Obligation was RM8.64 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*6.108/-0.256
=23.86

* 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.

Farm Price Holdings Bhd  (XKLS:0304) 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 .

Farm Price Holdings Bhd Interest Coverage Related Terms

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

Farm Price Holdings Bhd Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Farm Price Holdings Bhd (XKLS:0304) » Definitions » Interest Coverage
Comparable Companies
Traded in Other Exchanges
N/A
Address
Jalan Seelong Jaya 15, Lot 55358, Kulai, Senai, JHR, MYS, 81400
Website
https://www.farmprice.com.my
Farm Price Holdings Bhd is an investment holding company in Malaysia. It is engaged in wholesale distribution activities of fresh vegetables, including whole, pre-packed and fresh-cut varieties. Its operations also involves wholesale distribution of food and beverages (F&B) items and other grocery products to retailers and also operate a retail store selling fresh vegetables, F&B products and other groceries including personal care products. Key revenue is generated from wholesale distribution activities of fresh vegetables, including whole, pre-packed and fresh-cut varieties.

Farm Price Holdings Bhd Headlines

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