Vetece Holdings Bhd (XKLS:0319) Interest Coverage : 42.22 (As of Feb. 2025)

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What is Vetece 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. Vetece Holdings Bhd's Operating Income for the three months ended in Feb. 2025 was RM1.73 Mil. Vetece Holdings Bhd's Interest Expense for the three months ended in Feb. 2025 was RM-0.04 Mil. Vetece Holdings Bhd's interest coverage for the quarter that ended in Feb. 2025 was 42.22. The higher the ratio, the stronger the company's financial strength is.

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

XKLS:0319' s Interest Coverage Range Over the Past 10 Years
Min: 9.76 Med: 35.29 Max: 49.28
Current: 9.76

XKLS:0319's Interest Coverage is ranked worse than
65.35% of 1677 companies
in the Software industry
Industry Median: 26.09 vs XKLS:0319: 9.76

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

Vetece Holdings Bhd Interest Coverage Historical Data

The historical data trend for Vetece 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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Vetece Holdings Bhd Interest Coverage Chart

Vetece Holdings Bhd Annual Data

Trend

Aug21

Aug22

Aug23

Aug24

Interest Coverage

30.34

40.23

49.28

10.07

Vetece Holdings Bhd Quarterly Data
	Aug21	Aug22	Aug23	Mar24	Aug24	Nov24	Feb25
Interest Coverage	Get a 7-Day Free Trial			N/A	No Debt	-	39.40	42.22

Competitive Comparison of Vetece Holdings Bhd's Interest Coverage

For the Information Technology Services subindustry, Vetece 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.

Vetece Holdings Bhd's Interest Coverage Distribution in the Software Industry

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

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

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Vetece 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.

Vetece Holdings Bhd's Interest Coverage for the fiscal year that ended in Aug. 2024 is calculated as

Here, for the fiscal year that ended in Aug. 2024, Vetece Holdings Bhd's Interest Expense was RM-0.18 Mil. Its Operating Income was RM1.78 Mil. And its Long-Term Debt & Capital Lease Obligation was RM3.89 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Aug. 2024 )	/	Interest Expense (A: Aug. 2024 )
	=	-1	*	1.783	/	-0.177
	=	10.07

Vetece Holdings Bhd's Interest Coverage for the quarter that ended in Feb. 2025 is calculated as

Here, for the three months ended in Feb. 2025, Vetece Holdings Bhd's Interest Expense was RM-0.04 Mil. Its Operating Income was RM1.73 Mil. And its Long-Term Debt & Capital Lease Obligation was RM0.00 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Feb. 2025 )	/	Interest Expense (Q: Feb. 2025 )
	=	-1	*	1.731	/	-0.041
	=	42.22

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

Vetece Holdings Bhd (XKLS:0319) 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 .

Vetece Holdings Bhd Interest Coverage Related Terms

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

Vetece Holdings Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Vetece Holdings Bhd (XKLS:0319) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Jalan Kerinchi, E-32-3A and E-32-03, Menara Suezcap 2, KL Gateway, Gerbang Kerinchi Lestari, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 59200

Website

https://www.vtcholding.com

Vetece Holdings Bhd is an investment holding company. Through its subsidiaries, it is principally an enterprise IT solutions provider, providing implementation services, maintenance, support and professional services as well as resale of hardware and software. The company assists its clients in the implementation process involving design, installation, customization and configuration, data integration, testing and deployment of the enterprise IT solutions to ensure that it seamlessly integrates with clients' systems. Post-implementation process, It will continue to provide ongoing support through maintenance, support and professional services which include maintenance and upgrades of the systems, as well as providing training to clients' employees.

Vetece Holdings Bhd Headlines

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