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Hibiscus Petroleum Bhd (XKLS:5199) Interest Coverage : 12.02 (As of Dec. 2023)


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What is Hibiscus Petroleum 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. Hibiscus Petroleum Bhd's Operating Income for the three months ended in Dec. 2023 was RM331 Mil. Hibiscus Petroleum Bhd's Interest Expense for the three months ended in Dec. 2023 was RM-28 Mil. Hibiscus Petroleum Bhd's interest coverage for the quarter that ended in Dec. 2023 was 12.02. The higher the ratio, the stronger the company's financial strength is.

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

XKLS:5199' s Interest Coverage Range Over the Past 10 Years
Min: 4.2   Med: 9.88   Max: No Debt
Current: 13.98


XKLS:5199's Interest Coverage is ranked better than
66.67% of 762 companies
in the Oil & Gas industry
Industry Median: 6.74 vs XKLS:5199: 13.98

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


Hibiscus Petroleum Bhd Interest Coverage Historical Data

The historical data trend for Hibiscus Petroleum 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.

Hibiscus Petroleum Bhd Interest Coverage Chart

Hibiscus Petroleum Bhd Annual Data
Trend Mar12 Mar13 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.99 4.20 4.65 14.20 15.95

Hibiscus Petroleum 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 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 18.06 18.14 11.85 15.22 12.02

Competitive Comparison of Hibiscus Petroleum Bhd's Interest Coverage

For the Oil & Gas E&P subindustry, Hibiscus Petroleum 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.


Hibiscus Petroleum Bhd's Interest Coverage Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Hibiscus Petroleum Bhd's Interest Coverage falls into.



Hibiscus Petroleum 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.

Hibiscus Petroleum Bhd's Interest Coverage for the fiscal year that ended in Jun. 2023 is calculated as

Here, for the fiscal year that ended in Jun. 2023, Hibiscus Petroleum Bhd's Interest Expense was RM-77 Mil. Its Operating Income was RM1,232 Mil. And its Long-Term Debt & Capital Lease Obligation was RM648 Mil.

Interest Coverage=-1* Operating Income (A: Jun. 2023 )/Interest Expense (A: Jun. 2023 )
=-1*1232.406/-77.255
=15.95

Hibiscus Petroleum Bhd's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Hibiscus Petroleum Bhd's Interest Expense was RM-28 Mil. Its Operating Income was RM331 Mil. And its Long-Term Debt & Capital Lease Obligation was RM543 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*331.374/-27.579
=12.02

* 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.


Hibiscus Petroleum Bhd  (XKLS:5199) 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 .


Hibiscus Petroleum Bhd Interest Coverage Related Terms

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


Hibiscus Petroleum Bhd (XKLS:5199) Business Description

Traded in Other Exchanges
N/A
Address
Jalan Kapas, 2nd Floor, Syed Kechik Foundation Building, Bangsar, Kuala Lumpur, SGR, MYS, 59100
Hibiscus Petroleum Bhd along with its subsidiaries is engaged in the exploration and development of oil and gas. It is focused on producing oilfields in the United Kingdom, Malaysia and Australia. Its business segment includes the North Sabah segment which manages operations relating to the production of petroleum; Anasuria Hibiscus segment is a key revenue driver, which is focused on producing fields and associated infrastructure; 3D Oil, VIC/L31 and VIC/P57 segment engaged in exploration prospects in Australia within exploration permit VIC/P57, and investment in 3D Oil; and Investment holding and group activities segment consists of investment in companies owning or operating oil and gas concessions, and provision of project management, technical and other services.

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