Hengyuan Refining Co Bhd (XKLS:4324) Interest Coverage: 21.06 (As of Mar. 2026) — 136% Above Median


XKLS:4324 Hengyuan Refining Co Bhd XKLS:4324
59 GF Score
Price RM1.03
GF Value RM1.19
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Hengyuan Refining Co Bhd Interest Coverage?

Hengyuan Refining Co Bhd XKLS:4324 59 Interest Coverage is 21.06 as of Mar. 2026, which is 136% above its 10-year median of 8.94. GuruFocus rates XKLS:4324 with a GF Score™ of 59/100 and a GF Value™ of RM1.19 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 731 Oil & Gas companies, Hengyuan Refining Co Bhd ranks worse than 55.68% on this metric.

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. Hengyuan Refining Co Bhd's Operating Income for the three months ended in Mar. 2026 was RM549 Mil. Hengyuan Refining Co Bhd's Interest Expense for the three months ended in Mar. 2026 was RM-26 Mil. Hengyuan Refining Co Bhd's interest coverage for the quarter that ended in Mar. 2026 was 21.06. The higher the ratio, the stronger the company's financial strength is.

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

XKLS:4324' s Interest Coverage Range Over the Past 10 Years
Min: 1.83   Med: 8.94   Max: 17.33
Current: 4.55


XKLS:4324's Interest Coverage is ranked worse than
55.68% of 731 companies
in the Oil & Gas industry
Industry Median: 5.89 vs XKLS:4324: 4.55

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


Hengyuan Refining Co Bhd  (XKLS:4324) 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 .


Hengyuan Refining Co Bhd Interest Coverage Related Terms


Hengyuan Refining Co Bhd Interest Coverage Historical Data

* Premium members only.

The historical data trend for Hengyuan Refining Co 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.

Hengyuan Refining Co Bhd Interest Coverage Chart

Hengyuan Refining Co Bhd Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.68 0.00 0.00 0.00 0.00

Hengyuan Refining Co Bhd Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.00 0.00 1.51 2.31 21.06

XKLS:4324 vs VLO, MPC, PSX: Interest Coverage Comparison

For the Oil & Gas Refining & Marketing subindustry, Hengyuan Refining Co 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.


Hengyuan Refining Co Bhd Interest Coverage vs Oil & Gas Industry

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

* The bar in red indicates where Hengyuan Refining Co Bhd's Interest Coverage falls into.


XKLS:4324
59GF Score
Hengyuan Refining Co Bhd XKLS:4324
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
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Hengyuan Refining Co 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.

Hengyuan Refining Co Bhd's Interest Coverage for the fiscal year that ended in Dec. 2025 is calculated as

Here, for the fiscal year that ended in Dec. 2025, Hengyuan Refining Co Bhd's Interest Expense was RM-154 Mil. Its Operating Income was RM-25 Mil. And its Long-Term Debt & Capital Lease Obligation was RM199 Mil.

Hengyuan Refining Co Bhd did not have earnings to cover the interest expense.

Hengyuan Refining Co Bhd's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, Hengyuan Refining Co Bhd's Interest Expense was RM-26 Mil. Its Operating Income was RM549 Mil. And its Long-Term Debt & Capital Lease Obligation was RM197 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*549.496/-26.091
=21.06

* 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.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 21.06 mean?
Hengyuan Refining Co Bhd (XKLS:4324) has a Interest Coverage of 21.06 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Hengyuan Refining Co Bhd and its competitors. This is 136% above median its historical median of 8.94. Over the past decade, Hengyuan Refining Co Bhd's Interest Coverage has ranged from 1.83 to 17.33. According to the industry distribution chart, Hengyuan Refining Co Bhd ranks #407 out of 731 companies in the Oil & Gas industry, placing it in the top 55.7%.
Is Hengyuan Refining Co Bhd's Interest Coverage too high?
Hengyuan Refining Co Bhd's current Interest Coverage of 21.06 is 136% above median its 10-year median of 8.94. Over the past 10 years, this metric has ranged from a low of 1.83 to a high of 17.33. The Oil & Gas industry median Interest Coverage is 5.89. Hengyuan Refining Co Bhd's value of 21.06 is 257.6% above this industry median. Based on the distribution chart, Hengyuan Refining Co Bhd ranks #407 out of 731 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Hengyuan Refining Co Bhd has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hengyuan Refining Co Bhd's Interest Coverage compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Hengyuan Refining Co Bhd ranks #407 out of 731 companies for Interest Coverage. This places Hengyuan Refining Co Bhd in the lower half of its industry. The industry median Interest Coverage is 5.89. Hengyuan Refining Co Bhd's value of 21.06 is 257.6% above this benchmark. Historically, Hengyuan Refining Co Bhd's own Interest Coverage has ranged from 1.83 to 17.33 over the past decade. While the company's 10-year median is 8.94 vs. the industry median of 5.89, Hengyuan Refining Co Bhd has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for an Oil & Gas company?
The median Interest Coverage among Oil & Gas companies is 5.89, based on 731 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hengyuan Refining Co Bhd's current Interest Coverage of 21.06 is 257.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Hengyuan Refining Co Bhd and its competitors. For the Oil & Gas industry, the median Interest Coverage is 5.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hengyuan Refining Co Bhd's current Interest Coverage is 21.06, which is 136% above median its own 10-year median of 8.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hengyuan Refining Co Bhd stock overvalued right now?
Based on GuruFocus' analysis, Hengyuan Refining Co Bhd (XKLS:4324) is currently considered Modestly Undervalued. The stock's GF Value™ is RM1.19, compared to a current price of RM1.03 — trading 13.4% below its estimated fair value. The current Interest Coverage is 21.06, which is 136% above median its 10-year median of 8.94 and 257.6% above the Oil & Gas industry median of 5.89. Hengyuan Refining Co Bhd's overall GF Score™ is 59/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Hengyuan Refining Co Bhd (XKLS:4324), the current Interest Coverage is 21.06 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Hengyuan Refining Co Bhd (XKLS:4324) Overvalued in 2026?

Based on GuruFocus' analysis, Hengyuan Refining Co Bhd stock appears to be undervalued. The current stock price of RM1.03 is trading 13.4% below its estimated GF Value™ of RM1.19. GuruFocus considers Hengyuan Refining Co Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:4324:

  • Interest Coverage: 21.06 (136% above median its 10-year median of 8.94)
  • GF Value™: RM1.19 vs. price of RM1.03 (13.4% below fair value)
  • GF Score™: 59/100 with 2 warning signs
  • Industry Position: 257.6% above the Oil & Gas median (#407 of 731)

No single metric tells the full story. See the XKLS:4324 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hengyuan Refining Co Bhd Business Description

Industry EnergyOil & Gas
Address Jalan Pantai, Batu 1, Port Dickson, NSN, MYS, 71000
Hengyuan Refining Co Bhd is engaged in the refining and manufacturing of petroleum products in Malaysia. The company's operating units in its refinery consist of two crude distillers, a long residue catalytic cracker, two naptha treaters and a merox plant, one kerosene Merox plant, one platformer, two hydro-processing units, a Hydrogen Manufacturing Unit (HMU) and a sulphur recovery unit. Its product portfolio consists of liquefied petroleum gas (LPG), gasoline, diesel, aviation fuel, fuel oil components, and chemical feedstocks like light naphtha and propylene.
59GF Score

Get the complete analysis for XKLS:4324

Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

RM1.03
Price
RM1.19
GF Value