Delta Electronics (Thailand) PCL (BKK:DELTA) Interest Coverage : 188.44 (As of Dec. 2023)

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What is Delta Electronics (Thailand) PCL 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. Delta Electronics (Thailand) PCL's Operating Income for the three months ended in Dec. 2023 was ฿5,276 Mil. Delta Electronics (Thailand) PCL's Interest Expense for the three months ended in Dec. 2023 was ฿-28 Mil. Delta Electronics (Thailand) PCL's interest coverage for the quarter that ended in Dec. 2023 was 188.44. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Delta Electronics (Thailand) PCL has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Delta Electronics (Thailand) PCL's Interest Coverage or its related term are showing as below:

BKK:DELTA' s Interest Coverage Range Over the Past 10 Years
Min: 75.14 Med: 407.64 Max: 5383.59
Current: 169.27

BKK:DELTA's Interest Coverage is ranked better than
85.98% of 2304 companies
in the Industrial Products industry
Industry Median: 13.775 vs BKK:DELTA: 169.27

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

Delta Electronics (Thailand) PCL Interest Coverage Historical Data

The historical data trend for Delta Electronics (Thailand) PCL'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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Delta Electronics (Thailand) PCL Interest Coverage Chart

Delta Electronics (Thailand) PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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1,369.79

5,383.59

1,520.98

767.81

171.43

Delta Electronics (Thailand) PCL Quarterly Data
	Mar19	Jun19	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															397.62	141.92	198.96	153.96	188.44

Competitive Comparison of Delta Electronics (Thailand) PCL's Interest Coverage

For the Electrical Equipment & Parts subindustry, Delta Electronics (Thailand) PCL'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.

Delta Electronics (Thailand) PCL's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Delta Electronics (Thailand) PCL's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Delta Electronics (Thailand) PCL's Interest Coverage falls into.

Delta Electronics (Thailand) PCL 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.

Delta Electronics (Thailand) PCL'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, Delta Electronics (Thailand) PCL's Interest Expense was ฿-109 Mil. Its Operating Income was ฿18,746 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿969 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	18746.281	/	-109.353
	=	171.43

Delta Electronics (Thailand) PCL's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Delta Electronics (Thailand) PCL's Interest Expense was ฿-28 Mil. Its Operating Income was ฿5,276 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿969 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	5275.541	/	-27.996
	=	188.44

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

Delta Electronics (Thailand) PCL (BKK:DELTA) 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 .

Delta Electronics (Thailand) PCL Interest Coverage Related Terms

Thank you for viewing the detailed overview of Delta Electronics (Thailand) PCL's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Delta Electronics (Thailand) PCL (BKK:DELTA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Delta Electronics (Thailand) PCL (BKK:DELTA) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

NVAW:Germany

Address

909 Soi 9, 714 Moo 4, Tambon Prakasa, Amphur Muangsamutprakarn, Bangpoo Industrial Estate (E.P.Z), Samut Prakarn, THA, 10280

Website

https://www.deltathailand.com

Delta Electronics (Thailand) PCL manufactures and distributes power supplies, electronic equipment, and components. Its product portfolio is organized into three main segments: power electronics, which includes energy supply for computers and other tools, electric vehicle power supply, and heat control; infrastructure, which includes telecom power supplies, backpack power supplies, and renewable energy sources; and automation, which includes industrial robotic machines, automated lighting, and programmed security systems. The majority of its revenue comes from customers in the United States.

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