Mieco Chipboard Bhd (XKLS:5001) Interest Coverage : 1.63 (As of Mar. 2025)

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What is Mieco Chipboard 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. Mieco Chipboard Bhd's Operating Income for the three months ended in Mar. 2025 was RM6.4 Mil. Mieco Chipboard Bhd's Interest Expense for the three months ended in Mar. 2025 was RM-3.9 Mil. Mieco Chipboard Bhd's interest coverage for the quarter that ended in Mar. 2025 was 1.63. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Mieco Chipboard Bhd interest coverage is 1.54, which is low.

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

XKLS:5001' s Interest Coverage Range Over the Past 10 Years
Min: 0.05 Med: 0.92 Max: 12.01
Current: 1.54

XKLS:5001's Interest Coverage is ranked worse than
73.04% of 204 companies
in the Forest Products industry
Industry Median: 4.46 vs XKLS:5001: 1.54

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

Mieco Chipboard Bhd Interest Coverage Historical Data

The historical data trend for Mieco Chipboard 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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Mieco Chipboard Bhd Interest Coverage Chart

Mieco Chipboard Bhd Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Coverage

Get a 7-Day Free Trial

0.05

1.20

0.42

Mieco Chipboard Bhd Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Interest Coverage	Get a 7-Day Free Trial															0.24	-	1.37	3.36	1.63

Competitive Comparison of Mieco Chipboard Bhd's Interest Coverage

For the Lumber & Wood Production subindustry, Mieco Chipboard 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.

Mieco Chipboard Bhd's Interest Coverage Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Mieco Chipboard Bhd's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Mieco Chipboard Bhd's Interest Coverage falls into.

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Mieco Chipboard 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.

Mieco Chipboard Bhd's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, Mieco Chipboard Bhd's Interest Expense was RM-15.1 Mil. Its Operating Income was RM6.4 Mil. And its Long-Term Debt & Capital Lease Obligation was RM88.2 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2024 )	/	Interest Expense (A: Dec. 2024 )
	=	-1	*	6.361	/	-15.088
	=	0.42

Mieco Chipboard Bhd's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the three months ended in Mar. 2025, Mieco Chipboard Bhd's Interest Expense was RM-3.9 Mil. Its Operating Income was RM6.4 Mil. And its Long-Term Debt & Capital Lease Obligation was RM77.4 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2025 )	/	Interest Expense (Q: Mar. 2025 )
	=	-1	*	6.357	/	-3.895
	=	1.63

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

Mieco Chipboard Bhd (XKLS:5001) 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 .

Mieco Chipboard Bhd Interest Coverage Related Terms

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

Mieco Chipboard Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Mieco Chipboard Bhd (XKLS:5001) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Taman Indah, Batu 11, No. 1, Block C, Jalan Indah 2/6, Cheras, SGR, MYS, 43200

Website

https://www.mieco.com.my

Mieco Chipboard Bhd is engaged in investment holding and the provision of management services. Through its subsidiaries, the company engages in the manufacturing and marketing of chipboard-related products, particle boards, and medium-density fibre boards, as well as the manufacturing and trading of moulded timber, furniture products, and timber treatment processing. Its products include particleboard, MFC, HPL. EDGEPRO, Reforestation, MDF, Rubberwood raw material, and wooden furniture. The company operates within one segment, that is, manufacturing and sales of wood-based products. Geographical locations include Malaysia, Hong Kong and China, and Others.

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