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Petron Malaysia Refining & Marketing Bhd (XKLS:3042) Interest Coverage : 11.87 (As of Mar. 2024)


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What is Petron Malaysia Refining & Marketing 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. Petron Malaysia Refining & Marketing Bhd's Operating Income for the three months ended in Mar. 2024 was RM132 Mil. Petron Malaysia Refining & Marketing Bhd's Interest Expense for the three months ended in Mar. 2024 was RM-11 Mil. Petron Malaysia Refining & Marketing Bhd's interest coverage for the quarter that ended in Mar. 2024 was 11.87. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Petron Malaysia Refining & Marketing Bhd's Interest Coverage or its related term are showing as below:

XKLS:3042' s Interest Coverage Range Over the Past 10 Years
Min: 8.5   Med: 16.83   Max: 106.08
Current: 10.05


XKLS:3042's Interest Coverage is ranked better than
60.47% of 764 companies
in the Oil & Gas industry
Industry Median: 6.655 vs XKLS:3042: 10.05

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


Petron Malaysia Refining & Marketing Bhd Interest Coverage Historical Data

The historical data trend for Petron Malaysia Refining & Marketing 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.

Petron Malaysia Refining & Marketing Bhd Interest Coverage Chart

Petron Malaysia Refining & Marketing Bhd Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 106.08 - 21.88 8.50 10.40

Petron Malaysia Refining & Marketing Bhd Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.49 7.26 22.86 - 11.87

Competitive Comparison of Petron Malaysia Refining & Marketing Bhd's Interest Coverage

For the Oil & Gas Refining & Marketing subindustry, Petron Malaysia Refining & Marketing 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.


Petron Malaysia Refining & Marketing Bhd's Interest Coverage Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Petron Malaysia Refining & Marketing Bhd's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Petron Malaysia Refining & Marketing Bhd's Interest Coverage falls into.



Petron Malaysia Refining & Marketing 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.

Petron Malaysia Refining & Marketing 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, Petron Malaysia Refining & Marketing Bhd's Interest Expense was RM-34 Mil. Its Operating Income was RM349 Mil. And its Long-Term Debt & Capital Lease Obligation was RM53 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*349.283/-33.598
=10.40

Petron Malaysia Refining & Marketing Bhd's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Petron Malaysia Refining & Marketing Bhd's Interest Expense was RM-11 Mil. Its Operating Income was RM132 Mil. And its Long-Term Debt & Capital Lease Obligation was RM52 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*132.198/-11.134
=11.87

* 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.


Petron Malaysia Refining & Marketing Bhd  (XKLS:3042) 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 .


Petron Malaysia Refining & Marketing Bhd Interest Coverage Related Terms

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


Petron Malaysia Refining & Marketing Bhd (XKLS:3042) Business Description

Traded in Other Exchanges
N/A
Address
No. 46, Jalan Dungun, Level 12A, Menara I & P, Tower 1, Damansara Heights, Kuala Lumpur, SGR, MYS, 50490
Petron Malaysia Refining & Marketing Bhd is an oil company engaged in producing a wide range of petroleum products which include Gasoline, Automotive Diesel Oil (ADO), Liquefied Petroleum Gas (LPG), Jet Fuel, Naphtha, and Low Sulphur Waxy Residue (LSWR). The company is organized as one integrated business segment which operates to manufacture and sell petroleum products. Geographically majority of its revenue gets derived from the domestic market.

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