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Scomi Energy Services Bhd (XKLS:7045) Interest Coverage : No Debt (1) (As of Dec. 2023)


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What is Scomi Energy Services 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. Scomi Energy Services Bhd's Operating Income for the three months ended in Dec. 2023 was RM-0.50 Mil. Scomi Energy Services Bhd's Interest Expense for the three months ended in Dec. 2023 was RM0.00 Mil. Scomi Energy Services Bhd has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Scomi Energy Services Bhd has no debt.

(1) 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.

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

XKLS:7045' s Interest Coverage Range Over the Past 10 Years
Min: 2.04   Med: 4.63   Max: No Debt
Current: No Debt


XKLS:7045's Interest Coverage is not ranked
in the Oil & Gas industry.
Industry Median: 6.74 vs XKLS:7045: No Debt

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


Scomi Energy Services Bhd Interest Coverage Historical Data

The historical data trend for Scomi Energy Services 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.

Scomi Energy Services Bhd Interest Coverage Chart

Scomi Energy Services Bhd Annual Data
Trend Dec11 Mar14 Mar15 Mar16 Mar17 Mar18 Jun20 Jun21 Jun22 Jun23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - N/A No Debt No Debt

Scomi Energy Services Bhd Quarterly Data
Sep18 Dec18 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 No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of Scomi Energy Services Bhd's Interest Coverage

For the Oil & Gas Equipment & Services subindustry, Scomi Energy Services 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.


Scomi Energy Services Bhd's Interest Coverage Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Scomi Energy Services Bhd's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Scomi Energy Services Bhd's Interest Coverage falls into.



Scomi Energy Services 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.

Scomi Energy Services Bhd's Interest Coverage for the fiscal year that ended in Jun. 2023 is calculated as

Here, for the fiscal year that ended in Jun. 2023, Scomi Energy Services Bhd's Interest Expense was RM0.00 Mil. Its Operating Income was RM31.25 Mil. And its Long-Term Debt & Capital Lease Obligation was RM0.00 Mil.

Scomi Energy Services Bhd had no debt (1).

Scomi Energy Services Bhd's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Scomi Energy Services Bhd's Interest Expense was RM0.00 Mil. Its Operating Income was RM-0.50 Mil. And its Long-Term Debt & Capital Lease Obligation was RM0.00 Mil.

Scomi Energy Services Bhd had no debt (1).

* 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.


Scomi Energy Services Bhd  (XKLS:7045) 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 .


Scomi Energy Services Bhd Interest Coverage Related Terms

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


Scomi Energy Services Bhd (XKLS:7045) Business Description

Traded in Other Exchanges
N/A
Address
Jalan PJU 1/41, No.1-1, Block C1, Dataran Prima, Selangor Darul Ehsan, Petaling Jaya, SGR, MYS, 47301
Scomi Energy Services Bhd is a service provider in the oil and gas, and coal industries. It operates through following segments: Investment Holding involved in provision of management services; Drilling Services involved in supply of drilling waste equipment, supply of a wide range of specialized chemicals and provision of services and Marine Services involved in provision of transportation of bulk aggregates for the coal industry and other shipping related services. The firm generates majority revenue from Drilling services.

Scomi Energy Services Bhd (XKLS:7045) Headlines

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