Avangaad Bhd (XKLS:5259) Interest Coverage : 42.22 (As of Dec. 2024)

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What is Avangaad 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. Avangaad Bhd's Operating Income for the three months ended in Dec. 2024 was RM31.2 Mil. Avangaad Bhd's Interest Expense for the three months ended in Dec. 2024 was RM-0.7 Mil. Avangaad Bhd's interest coverage for the quarter that ended in Dec. 2024 was 42.22. The higher the ratio, the stronger the company's financial strength is.

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

XKLS:5259' s Interest Coverage Range Over the Past 10 Years
Min: 1.59 Med: 3.9 Max: 11.86
Current: 11.86

XKLS:5259's Interest Coverage is ranked better than
68.5% of 838 companies
in the Transportation industry
Industry Median: 5.91 vs XKLS:5259: 11.86

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

Avangaad Bhd Interest Coverage Historical Data

The historical data trend for Avangaad 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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Avangaad Bhd Interest Coverage Chart

Avangaad Bhd Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Coverage

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7.46

3.90

8.60

Avangaad Bhd Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Coverage	Get a 7-Day Free Trial															4.22	5.25	-	23.21	42.22

Competitive Comparison of Avangaad Bhd's Interest Coverage

For the Marine Shipping subindustry, Avangaad 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.

Avangaad Bhd's Interest Coverage Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Avangaad Bhd's Interest Coverage distribution charts can be found below:

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

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Avangaad 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.

Avangaad 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, Avangaad Bhd's Interest Expense was RM-5.5 Mil. Its Operating Income was RM47.5 Mil. And its Long-Term Debt & Capital Lease Obligation was RM73.0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2024 )	/	Interest Expense (A: Dec. 2024 )
	=	-1	*	47.515	/	-5.526
	=	8.60

Avangaad Bhd's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the three months ended in Dec. 2024, Avangaad Bhd's Interest Expense was RM-0.7 Mil. Its Operating Income was RM31.2 Mil. And its Long-Term Debt & Capital Lease Obligation was RM73.0 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	31.197	/	-0.739
	=	42.22

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

Avangaad Bhd (XKLS:5259) 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 .

Avangaad Bhd Interest Coverage Related Terms

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

Avangaad Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Avangaad Bhd (XKLS:5259) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

No.2 Jalan Setiawangsa 11, Setiawangsa Business Suites, Unit C-3A-3A, Taman Setiawangsa, Kuala Lumpur, MYS, 54200

Website

https://www.eatechnique.com.my

Avangaad Bhd Formerly EA Technique (M) Bhd is engaged in the business of marine transportation and offshore storage of oil & gas and provision of port marine services. The company is an owner and operator of marine vessels. The company is involved in the charter of various types of tankers for the transportation and offshore storage of oil & gas, the charter of marine support vessels for the provision of port marine services and charter of Offshore Support Vessels in the form of fast crew boats to transport personnel/light cargoes between shore and platform, platform and platform and other offshore facilities. The company has sole operating segment which is Charter hire segment. The group operates in Malaysia.

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