Hap Seng Plantations Holdings Bhd (XKLS:5138) Interest Coverage : 34.16 (As of Dec. 2023)

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What is Hap Seng Plantations 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. Hap Seng Plantations Holdings Bhd's Operating Income for the three months ended in Dec. 2023 was RM27.2 Mil. Hap Seng Plantations Holdings Bhd's Interest Expense for the three months ended in Dec. 2023 was RM-0.8 Mil. Hap Seng Plantations Holdings Bhd's interest coverage for the quarter that ended in Dec. 2023 was 34.16. The higher the ratio, the stronger the company's financial strength is.

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

XKLS:5138' s Interest Coverage Range Over the Past 10 Years
Min: 14.09 Med: 5063 Max: No Debt
Current: 39.07

XKLS:5138's Interest Coverage is ranked better than
76.1% of 1368 companies
in the Consumer Packaged Goods industry
Industry Median: 8.47 vs XKLS:5138: 39.07

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

Hap Seng Plantations Holdings Bhd Interest Coverage Historical Data

The historical data trend for Hap Seng Plantations 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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Hap Seng Plantations Holdings Bhd Interest Coverage Chart

Hap Seng Plantations Holdings Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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14.09

43.91

126.00

89.70

39.07

Hap Seng Plantations Holdings Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															35.24	39.77	18.01	64.38	34.16

Competitive Comparison of Hap Seng Plantations Holdings Bhd's Interest Coverage

For the Farm Products subindustry, Hap Seng Plantations 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.

Hap Seng Plantations Holdings Bhd's Interest Coverage Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Hap Seng Plantations Holdings Bhd's Interest Coverage distribution charts can be found below:

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

Hap Seng Plantations 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.

Hap Seng Plantations Holdings 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, Hap Seng Plantations Holdings Bhd's Interest Expense was RM-3.2 Mil. Its Operating Income was RM123.4 Mil. And its Long-Term Debt & Capital Lease Obligation was RM57.8 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	123.407	/	-3.159
	=	39.07

Hap Seng Plantations Holdings Bhd's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Hap Seng Plantations Holdings Bhd's Interest Expense was RM-0.8 Mil. Its Operating Income was RM27.2 Mil. And its Long-Term Debt & Capital Lease Obligation was RM57.8 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	27.193	/	-0.796
	=	34.16

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

Hap Seng Plantations Holdings Bhd (XKLS:5138) 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 .

Hap Seng Plantations Holdings Bhd Interest Coverage Related Terms

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

Hap Seng Plantations Holdings Bhd (XKLS:5138) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hap Seng Plantations Holdings Bhd (XKLS:5138) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan P. Ramlee, 21st Floor, Menara Hap Seng, Kuala Lumpur, SGR, MYS, 50250

Website

https://www.hapsengplantations.com.my

Hap Seng Plantations Holdings Bhd is a Malaysia based palm oil plantation company. It is engaged in planting and milling operations. The company operates in the palm oil industry where it grows oil palms in its estates, harvests and processes fresh fruit bunches into crude palm oil in its own mills, and then sells it. It produces palm oil in Sabah with a total area of approximately 40,279 hectares located entirely in Sabah, Malaysia. The company operates four mills namely, Jeroco 1 palm oil mill, Jeroco 2 palm oil mill, Bukit Mas palm oil mill, and Tomanggong palm oil mill. The group has operations in Singapore and Malaysia of which key revenue is generated from Malaysia. The majority of the group sales were local delivered sales to refiners within Malaysia.

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