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Poongwon Precision Co (XKRX:371950) Interest Coverage : 0 (At Loss) (As of Mar. 2024)


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What is Poongwon Precision Co 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. Poongwon Precision Co's Operating Income for the three months ended in Mar. 2024 was ₩-3,607 Mil. Poongwon Precision Co's Interest Expense for the three months ended in Mar. 2024 was ₩-2,149 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 Poongwon Precision Co's Interest Coverage or its related term are showing as below:


XKRX:371950's Interest Coverage is not ranked *
in the Hardware industry.
Industry Median: 12.685
* 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.


Poongwon Precision Co Interest Coverage Historical Data

The historical data trend for Poongwon Precision Co'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.

Poongwon Precision Co Interest Coverage Chart

Poongwon Precision Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial 0.69 0.83 3.26 0.31 -

Poongwon Precision Co Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 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 - - - - -

Competitive Comparison of Poongwon Precision Co's Interest Coverage

For the Electronic Components subindustry, Poongwon Precision Co'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.


Poongwon Precision Co's Interest Coverage Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Poongwon Precision Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Poongwon Precision Co's Interest Coverage falls into.



Poongwon Precision Co 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.

Poongwon Precision Co'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, Poongwon Precision Co's Interest Expense was ₩-5,258 Mil. Its Operating Income was ₩-21,932 Mil. And its Long-Term Debt & Capital Lease Obligation was ₩12,994 Mil.

Poongwon Precision Co did not have earnings to cover the interest expense.

Poongwon Precision Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Poongwon Precision Co's Interest Expense was ₩-2,149 Mil. Its Operating Income was ₩-3,607 Mil. And its Long-Term Debt & Capital Lease Obligation was ₩14,003 Mil.

Poongwon Precision Co 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.


Poongwon Precision Co  (XKRX:371950) 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 .


Poongwon Precision Co Interest Coverage Related Terms

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Poongwon Precision Co (XKRX:371950) Business Description

Traded in Other Exchanges
N/A
Address
24, Sandan-ro 35 Beon-gil, Danwon-gu, Gyeonggi-do, Ansan-si, KOR
Poongwon Precision Co Ltd is a display part manufacturer that produces and supplies key materials of the display manufacturing process. Its main products include OMM (Open Metal Mask), which is a vacuum deposition part of OLED display, FFM (Fine Metal Mask), SBM (Stick Bar Mask), and Metal Foil that is used in encapsulation of OLED TV.

Poongwon Precision Co (XKRX:371950) Headlines

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