Country View Bhd (XKLS:5049) Interest Coverage : 3.55 (As of Feb. 2024)

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What is Country View 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. Country View Bhd's Operating Income for the three months ended in Feb. 2024 was RM6.1 Mil. Country View Bhd's Interest Expense for the three months ended in Feb. 2024 was RM-1.7 Mil. Country View Bhd's interest coverage for the quarter that ended in Feb. 2024 was 3.55. 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. Country View Bhd interest coverage is 2.96, which is low.

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

XKLS:5049' s Interest Coverage Range Over the Past 10 Years
Min: 0.38 Med: 8.1 Max: 49.7
Current: 2.96

XKLS:5049's Interest Coverage is ranked worse than
57.72% of 1334 companies
in the Real Estate industry
Industry Median: 4.01 vs XKLS:5049: 2.96

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

Country View Bhd Interest Coverage Historical Data

The historical data trend for Country View 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.

Country View Bhd Interest Coverage Chart

Country View Bhd Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Interest Coverage

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8.71

3.83

1.70

0.38

2.73

Country View Bhd Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Coverage	Get a 7-Day Free Trial															2.57	3.32	2.44	2.73	3.55

Competitive Comparison of Country View Bhd's Interest Coverage

For the Real Estate - Development subindustry, Country View 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.

Country View Bhd's Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Country View Bhd's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Country View Bhd's Interest Coverage falls into.

Country View 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.

Country View Bhd's Interest Coverage for the fiscal year that ended in Nov. 2023 is calculated as

Here, for the fiscal year that ended in Nov. 2023, Country View Bhd's Interest Expense was RM-6.4 Mil. Its Operating Income was RM17.3 Mil. And its Long-Term Debt & Capital Lease Obligation was RM132.1 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Nov. 2023 )	/	Interest Expense (A: Nov. 2023 )
	=	-1	*	17.324	/	-6.357
	=	2.73

Country View Bhd's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Here, for the three months ended in Feb. 2024, Country View Bhd's Interest Expense was RM-1.7 Mil. Its Operating Income was RM6.1 Mil. And its Long-Term Debt & Capital Lease Obligation was RM113.6 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Feb. 2024 )	/	Interest Expense (Q: Feb. 2024 )
	=	-1	*	6.134	/	-1.728
	=	3.55

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

Country View Bhd (XKLS:5049) 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 .

Country View Bhd Interest Coverage Related Terms

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

Country View Bhd (XKLS:5049) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Country View Bhd (XKLS:5049) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

No. 12, Jalan Ngee Heng, Mail Box 261, Menara Landmark, Unit 26-01, Level 26, Johor Bahru, JHR, MYS, 80000

Website

https://www.countryview.com.my

Country View Bhd is a company that operates in the real estate sector. The business activity of the group is operated in two segments: through property development and investment holding segments. The Property development segment develops residential and commercial properties, whereas the investment holding segment invests in subsidiaries and associates which are long-term in nature. The project portfolio of the group includes projects such as Taman Universiti, Taman Nusa Indah, Taman Nusa Bestari Jaya, and Resident at Peak. Geographically all the activities are performed through the region of Malaysia.

Country View Bhd (XKLS:5049) Headlines

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