PIM (XMAU:PIM) Interest Coverage : 7.11 (As of Dec. 2024)

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What is PIM 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. PIM's Operating Income for the three months ended in Dec. 2024 was MUR10.6 Mil. PIM's Interest Expense for the three months ended in Dec. 2024 was MUR-1.5 Mil. PIM's interest coverage for the quarter that ended in Dec. 2024 was 7.11. The higher the ratio, the stronger the company's financial strength is.

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

XMAU:PIM' s Interest Coverage Range Over the Past 10 Years
Min: 1.78 Med: 3.06 Max: 6.73
Current: 6.73

XMAU:PIM's Interest Coverage is ranked better than
51.09% of 321 companies
in the Packaging & Containers industry
Industry Median: 5.78 vs XMAU:PIM: 6.73

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

PIM Interest Coverage Historical Data

The historical data trend for PIM'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.

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PIM Interest Coverage Chart

PIM Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Jun24

Interest Coverage

1.78

3.06

3.48

2.34

5.99

PIM Quarterly Data
	Jun20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Coverage	Get a 7-Day Free Trial											7.33	6.47	2.97	9.27	7.11

Competitive Comparison of PIM's Interest Coverage

For the Packaging & Containers subindustry, PIM'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.

PIM's Interest Coverage Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, PIM's Interest Coverage distribution charts can be found below:

* The bar in red indicates where PIM's Interest Coverage falls into.

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PIM 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.

PIM's Interest Coverage for the fiscal year that ended in Jun. 2024 is calculated as

Here, for the fiscal year that ended in Jun. 2024, PIM's Interest Expense was MUR-5.2 Mil. Its Operating Income was MUR31.3 Mil. And its Long-Term Debt & Capital Lease Obligation was MUR39.2 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Jun. 2024 )	/	Interest Expense (A: Jun. 2024 )
	=	-1	*	31.345	/	-5.232
	=	5.99

PIM's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the three months ended in Dec. 2024, PIM's Interest Expense was MUR-1.5 Mil. Its Operating Income was MUR10.6 Mil. And its Long-Term Debt & Capital Lease Obligation was MUR0.0 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	10.619	/	-1.494
	=	7.11

The higher the ratio, the stronger the company's Financial Strength is.

PIM (XMAU:PIM) 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 .

PIM Interest Coverage Related Terms

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

PIM Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » PIM Ltd (XMAU:PIM) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Quay Road, PO Box 1173, Port Louis, MUS

Website

https://www.pimltd.mu

PIM Ltd manufactures plastic products for both domestic and industrial purposes. The Company's principal activity is the manufacture of a wide range of plastic products for domestic and industrial purposes destined for the local and regional markets. The product portfolio includes cans, jars, storage boxes, caps, bottles, crates, chairs, composters, containers, goblets, pallets, flower pots, trash cans, and buckets.