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Prolintas Infra Business Trust (XKLS:5320) Interest Coverage : 1.22 (As of Mar. 2024)


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What is Prolintas Infra Business Trust 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. Prolintas Infra Business Trust's Operating Income for the three months ended in Mar. 2024 was RM38.52 Mil. Prolintas Infra Business Trust's Interest Expense for the three months ended in Mar. 2024 was RM-31.70 Mil. Prolintas Infra Business Trust's interest coverage for the quarter that ended in Mar. 2024 was 1.22. 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. Prolintas Infra Business Trust interest coverage is 1.22, which is low.

The historical rank and industry rank for Prolintas Infra Business Trust's Interest Coverage or its related term are showing as below:

XKLS:5320' s Interest Coverage Range Over the Past 10 Years
Min: 1.01   Med: 1.24   Max: 1.46
Current: 1.22


XKLS:5320's Interest Coverage is ranked worse than
88.33% of 1260 companies
in the Construction industry
Industry Median: 7.005 vs XKLS:5320: 1.22

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


Prolintas Infra Business Trust Interest Coverage Historical Data

The historical data trend for Prolintas Infra Business Trust'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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Prolintas Infra Business Trust Interest Coverage Chart

Prolintas Infra Business Trust Annual Data
Trend Dec20 Dec21 Dec22
Interest Coverage
1.46 1.24 1.01

Prolintas Infra Business Trust Quarterly Data
Dec20 Dec21 Sep22 Dec22 Mar23 Sep23 Mar24
Interest Coverage Get a 7-Day Free Trial No Debt 0.94 2.67 N/A 1.22

Competitive Comparison of Prolintas Infra Business Trust's Interest Coverage

For the Infrastructure Operations subindustry, Prolintas Infra Business Trust'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.


Prolintas Infra Business Trust's Interest Coverage Distribution in the Construction Industry

For the Construction industry and Industrials sector, Prolintas Infra Business Trust's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Prolintas Infra Business Trust's Interest Coverage falls into.



Prolintas Infra Business Trust 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.

Prolintas Infra Business Trust's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, Prolintas Infra Business Trust's Interest Expense was RM-135.96 Mil. Its Operating Income was RM136.96 Mil. And its Long-Term Debt & Capital Lease Obligation was RM1,517.86 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2022 )/Interest Expense (A: Dec. 2022 )
=-1*136.956/-135.956
=1.01

Prolintas Infra Business Trust's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Prolintas Infra Business Trust's Interest Expense was RM-31.70 Mil. Its Operating Income was RM38.52 Mil. And its Long-Term Debt & Capital Lease Obligation was RM2,319.64 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*38.515/-31.696
=1.22

* 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.


Prolintas Infra Business Trust  (XKLS:5320) 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 .


Prolintas Infra Business Trust Interest Coverage Related Terms

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


Prolintas Infra Business Trust (XKLS:5320) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
201-A Jalan Tun Razak, 12th Floor Menara PNB, Kuala Lumpur, MYS
Prolintas Infra Business Trust is involved in the construction, toll collection, operation and maintenance of the Highways; and provision of ancillary facilities to complement the operation of the Highways and enhance road users' experience and convenience.

Prolintas Infra Business Trust (XKLS:5320) Headlines

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