Petronas Gas Bhd (XKLS:6033) Interest Coverage : 22.48 (As of Dec. 2023)

View and export this data going back to 1995. Start your Free Trial

What is Petronas Gas 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. Petronas Gas Bhd's Operating Income for the three months ended in Dec. 2023 was RM527 Mil. Petronas Gas Bhd's Interest Expense for the three months ended in Dec. 2023 was RM-23 Mil. Petronas Gas Bhd's interest coverage for the quarter that ended in Dec. 2023 was 22.48. The higher the ratio, the stronger the company's financial strength is.

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

XKLS:6033' s Interest Coverage Range Over the Past 10 Years
Min: 11.13 Med: 16.57 Max: 28.06
Current: 17.94

XKLS:6033's Interest Coverage is ranked better than
83.03% of 442 companies
in the Utilities - Regulated industry
Industry Median: 3.75 vs XKLS:6033: 17.94

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

Petronas Gas Bhd Interest Coverage Historical Data

The historical data trend for Petronas Gas 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.

Petronas Gas Bhd Interest Coverage Chart

Petronas Gas Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

11.13

12.57

15.20

13.00

17.94

Petronas Gas 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															11.73	12.97	16.70	24.37	22.48

Competitive Comparison of Petronas Gas Bhd's Interest Coverage

For the Utilities - Regulated Gas subindustry, Petronas Gas 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.

Petronas Gas Bhd's Interest Coverage Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Petronas Gas Bhd's Interest Coverage distribution charts can be found below:

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

Petronas Gas 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.

Petronas Gas 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, Petronas Gas Bhd's Interest Expense was RM-127 Mil. Its Operating Income was RM2,274 Mil. And its Long-Term Debt & Capital Lease Obligation was RM1,859 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	2273.688	/	-126.757
	=	17.94

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

Here, for the three months ended in Dec. 2023, Petronas Gas Bhd's Interest Expense was RM-23 Mil. Its Operating Income was RM527 Mil. And its Long-Term Debt & Capital Lease Obligation was RM1,859 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	526.587	/	-23.425
	=	22.48

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

Petronas Gas Bhd (XKLS:6033) 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 .

Petronas Gas Bhd Interest Coverage Related Terms

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

Petronas Gas Bhd (XKLS:6033) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Petronas Gas Bhd (XKLS:6033) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

PNAGF:USA

Address

Level 49-50, Tower 1, PETRONAS Twin Towers, Kuala Lumpur City Centre, Kuala Lumpur, SGR, MYS, 50088

Website

https://www.petronasgas.com

Petronas Gas Bhd is a Malaysian gas infrastructure and utilities company of which Malaysia's nationalized oil corporation, PETRONAS, holds a majority interest. Petronas Gas segments its primary operations into Gas Processing, Gas Transportation, Utilities, and Regasification businesses. While each of these contributes significantly to the company's total revenue, its Utilities and Gas Processing units combine to generate the majority. In Gas Processing, Petronas Gas receives processing fees under multi-year contracts by processing natural gas piped offshore for its parent company, PETRONAS. The Gas Transportation business encompasses the transmission of offshore natural gas through pipelines to customers in Malaysia and Singapore under multi-year agreements with PETRONAS.

Petronas Gas Bhd (XKLS:6033) Headlines

No Headlines