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TH Heavy Engineering Bhd (XKLS:7206PB.PFD) Interest Coverage : 0 (At Loss) (As of Mar. 2022)


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What is TH Heavy Engineering 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. TH Heavy Engineering Bhd's Operating Income for the three months ended in Mar. 2022 was RM-5.23 Mil. TH Heavy Engineering Bhd's Interest Expense for the three months ended in Mar. 2022 was RM-0.35 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

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


XKLS:7206PB.PFD's Interest Coverage is not ranked *
in the Oil & Gas industry.
Industry Median: 5.91
* 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.


TH Heavy Engineering Bhd Interest Coverage Historical Data

The historical data trend for TH Heavy Engineering 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.

TH Heavy Engineering Bhd Interest Coverage Chart

TH Heavy Engineering Bhd Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 3.23 - -

TH Heavy Engineering Bhd Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
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 1.52 - - - -

Competitive Comparison of TH Heavy Engineering Bhd's Interest Coverage

For the Oil & Gas Equipment & Services subindustry, TH Heavy Engineering 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.


TH Heavy Engineering Bhd's Interest Coverage Distribution in the Oil & Gas Industry

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

* The bar in red indicates where TH Heavy Engineering Bhd's Interest Coverage falls into.


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TH Heavy Engineering 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.

TH Heavy Engineering Bhd's Interest Coverage for the fiscal year that ended in Dec. 2021 is calculated as

Here, for the fiscal year that ended in Dec. 2021, TH Heavy Engineering Bhd's Interest Expense was RM-3.93 Mil. Its Operating Income was RM-11.71 Mil. And its Long-Term Debt & Capital Lease Obligation was RM0.00 Mil.

TH Heavy Engineering Bhd did not have earnings to cover the interest expense.

TH Heavy Engineering Bhd's Interest Coverage for the quarter that ended in Mar. 2022 is calculated as

Here, for the three months ended in Mar. 2022, TH Heavy Engineering Bhd's Interest Expense was RM-0.35 Mil. Its Operating Income was RM-5.23 Mil. And its Long-Term Debt & Capital Lease Obligation was RM0.00 Mil.

TH Heavy Engineering Bhd did not have earnings to cover the interest expense.

* 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.


TH Heavy Engineering Bhd  (XKLS:7206PB.PFD) 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 .


TH Heavy Engineering Bhd Interest Coverage Related Terms

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


TH Heavy Engineering Bhd Business Description

Traded in Other Exchanges
N/A
Address
No. 9, Persiaran KLCC,, Level 28, MOF Inc. Tower,, Wilayah Persekutuan., Kuala Lumpur, SGR, MYS, 50088
TH Heavy Engineering Bhd is engaged in the fabrication of offshore oil and gas facilities. The businesses activities of the company are offshore structures fabrications which include inter-platform bridges, booms, compression platforms, modules, decks, and living quarters, HUC and topside major maintenance, marine services, offshore crane manufacturing, and shipbuilding and ship repair. Its segments include Construction services, Offshore crane works, and Others. The company derives the maximum revenue from the Construction service segment. Geographically, it operates in Malaysia.

TH Heavy Engineering Bhd Headlines

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