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Kia Lim Bhd (XKLS:6211) Interest Coverage : 18.49 (As of Dec. 2023)


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What is Kia Lim 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. Kia Lim Bhd's Operating Income for the three months ended in Dec. 2023 was RM1.92 Mil. Kia Lim Bhd's Interest Expense for the three months ended in Dec. 2023 was RM-0.10 Mil. Kia Lim Bhd's interest coverage for the quarter that ended in Dec. 2023 was 18.49. The higher the ratio, the stronger the company's financial strength is.

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

XKLS:6211' s Interest Coverage Range Over the Past 10 Years
Min: 2.89   Med: 5.2   Max: 8.32
Current: 8.32


XKLS:6211's Interest Coverage is ranked better than
55.34% of 309 companies
in the Building Materials industry
Industry Median: 6.56 vs XKLS:6211: 8.32

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


Kia Lim Bhd Interest Coverage Historical Data

The historical data trend for Kia Lim 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.

Kia Lim Bhd Interest Coverage Chart

Kia Lim Bhd Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 8.32

Kia Lim 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 - 4.00 - 21.00 18.49

Competitive Comparison of Kia Lim Bhd's Interest Coverage

For the Building Materials subindustry, Kia Lim 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.


Kia Lim Bhd's Interest Coverage Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Kia Lim Bhd's Interest Coverage distribution charts can be found below:

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



Kia Lim 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.

Kia Lim 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, Kia Lim Bhd's Interest Expense was RM-0.46 Mil. Its Operating Income was RM3.83 Mil. And its Long-Term Debt & Capital Lease Obligation was RM0.35 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*3.825/-0.46
=8.32

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

Here, for the three months ended in Dec. 2023, Kia Lim Bhd's Interest Expense was RM-0.10 Mil. Its Operating Income was RM1.92 Mil. And its Long-Term Debt & Capital Lease Obligation was RM0.35 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*1.923/-0.104
=18.49

* 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.


Kia Lim Bhd  (XKLS:6211) 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 .


Kia Lim Bhd Interest Coverage Related Terms

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


Kia Lim Bhd (XKLS:6211) Business Description

Traded in Other Exchanges
N/A
Address
79, Jalan Muar, 1st Floor, Wisma Ng Hoo Tee, Batu Pahat, Parit Sulong, JHR, MYS, 83500
Kia Lim Bhd is an investment holding company. The company is engaged in the business of manufacturing clay bricks. Along with its subsidiaries, it manufactures clay common bricks, facing bricks, block bricks, M211 bricks, brick tiles, chamfered paving bricks, and many more. The group operates in Malaysia.

Kia Lim Bhd (XKLS:6211) Headlines

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