Swift Haulage Bhd (XKLS:5303) Interest Coverage : 2.11 (As of Mar. 2025)

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What is Swift Haulage 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. Swift Haulage Bhd's Operating Income for the three months ended in Mar. 2025 was RM19.7 Mil. Swift Haulage Bhd's Interest Expense for the three months ended in Mar. 2025 was RM-9.3 Mil. Swift Haulage Bhd's interest coverage for the quarter that ended in Mar. 2025 was 2.11. 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. Swift Haulage Bhd interest coverage is 1.96, which is low.

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

XKLS:5303' s Interest Coverage Range Over the Past 10 Years
Min: 1.65 Med: 1.84 Max: 3
Current: 1.96

XKLS:5303's Interest Coverage is ranked worse than
81.5% of 838 companies
in the Transportation industry
Industry Median: 6.05 vs XKLS:5303: 1.96

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

Swift Haulage Bhd Interest Coverage Historical Data

The historical data trend for Swift Haulage 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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Swift Haulage Bhd Interest Coverage Chart

Swift Haulage Bhd Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Coverage

Get a 7-Day Free Trial

1.71

2.62

3.00

1.84

1.79

Swift Haulage Bhd Quarterly Data
	Dec18	Dec19	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															3.78	2.26	1.74	1.76	2.11

Competitive Comparison of Swift Haulage Bhd's Interest Coverage

For the Integrated Freight & Logistics subindustry, Swift Haulage 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.

Swift Haulage Bhd's Interest Coverage Distribution in the Transportation Industry

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

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

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Swift Haulage 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.

Swift Haulage 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, Swift Haulage Bhd's Interest Expense was RM-36.6 Mil. Its Operating Income was RM65.3 Mil. And its Long-Term Debt & Capital Lease Obligation was RM593.7 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2024 )	/	Interest Expense (A: Dec. 2024 )
	=	-1	*	65.336	/	-36.555
	=	1.79

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

Here, for the three months ended in Mar. 2025, Swift Haulage Bhd's Interest Expense was RM-9.3 Mil. Its Operating Income was RM19.7 Mil. And its Long-Term Debt & Capital Lease Obligation was RM621.4 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2025 )	/	Interest Expense (Q: Mar. 2025 )
	=	-1	*	19.697	/	-9.336
	=	2.11

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

Swift Haulage Bhd (XKLS:5303) 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 .

Swift Haulage Bhd Interest Coverage Related Terms

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

Swift Haulage Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Swift Haulage Bhd (XKLS:5303) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 88, Jalan Batai Laut 4, Suite 8.02, Level 8, Intan Millennium Square 2, IMS 2, Taman Intan, Klang, SGR, MYS, 41300

Website

https://www.swiftlogistics.com.my

Swift Haulage Bhd is principally involved in providing integrated logistics services comprising Container haulage, which derives key revenue, Land Transportation, Warehousing, and container depot, and Freight forwarding. It has operations in Malaysia and Thailand. The Container haulage segment is engaged in transporting laden containers to and from seaports and other locations within Peninsular Malaysia. The Land Transportation segment is into the Movement of cargo by road, comprising inland transportation and cross-border transportation. Warehousing and container depot include warehousing services, rental of a warehouse, and an open yard area. The freight forwarding segment is into organising end-to-end transportation of cargo i.e. sea, air, and land freight forwarding.

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