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GIIB Holdings Bhd (XKLS:7192) Interest Coverage : 1.41 (As of Mar. 2024)


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What is GIIB Holdings 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. GIIB Holdings Bhd's Operating Income for the three months ended in Mar. 2024 was RM0.39 Mil. GIIB Holdings Bhd's Interest Expense for the three months ended in Mar. 2024 was RM-0.28 Mil. GIIB Holdings Bhd's interest coverage for the quarter that ended in Mar. 2024 was 1.41. The higher the ratio, the stronger the company's financial strength is.

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


XKLS:7192's Interest Coverage is not ranked *
in the Vehicles & Parts industry.
Industry Median: 7.745
* Ranked among companies with meaningful Interest Coverage only.

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


GIIB Holdings Bhd Interest Coverage Historical Data

The historical data trend for GIIB Holdings 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.

GIIB Holdings Bhd Interest Coverage Chart

GIIB Holdings Bhd Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Jun19 Jun23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

GIIB Holdings Bhd Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Sep20 Dec20 Mar21 Jun21 Sep21 Mar22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.57 - - 6.06 1.41

Competitive Comparison of GIIB Holdings Bhd's Interest Coverage

For the Auto Parts subindustry, GIIB Holdings 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.


GIIB Holdings Bhd's Interest Coverage Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, GIIB Holdings Bhd's Interest Coverage distribution charts can be found below:

* The bar in red indicates where GIIB Holdings Bhd's Interest Coverage falls into.



GIIB Holdings 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.

GIIB Holdings 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, GIIB Holdings Bhd's Interest Expense was RM-0.99 Mil. Its Operating Income was RM-22.71 Mil. And its Long-Term Debt & Capital Lease Obligation was RM2.81 Mil.

GIIB Holdings Bhd did not have earnings to cover the interest expense.

GIIB Holdings Bhd's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, GIIB Holdings Bhd's Interest Expense was RM-0.28 Mil. Its Operating Income was RM0.39 Mil. And its Long-Term Debt & Capital Lease Obligation was RM0.19 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*0.394/-0.28
=1.41

* 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.


GIIB Holdings Bhd  (XKLS:7192) 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 .


GIIB Holdings Bhd Interest Coverage Related Terms

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GIIB Holdings Bhd (XKLS:7192) Business Description

Traded in Other Exchanges
N/A
Address
Lot PT 1654 and PT 1657, Nilai Industrial Estate, Darul Khusus, Nilai, NSN, MYS, 71800
GIIB Holdings Bhd develops, manufactures, and markets rubber compounds and rubber related products in Malaysia. The company's operating segment includes Rubber compounds; Property development; Re-treading services; Trading and Others. It generates maximum revenue from the Rubber compounds segment. Geographically, it derives a majority of revenue from Malaysia and also has a presence in Europe; the Rest of Asia; Oceanic; Africa, and North America. The firm offers its products under the Supercool, Tough Tread and Rubtek brands.

GIIB Holdings Bhd (XKLS:7192) Headlines

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