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BIDV Securities JSC (HSTC:BSI) Interest Coverage : 2.31 (As of Mar. 2024)


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What is BIDV Securities JSC 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. BIDV Securities JSC's Operating Income for the three months ended in Mar. 2024 was ₫90,968 Mil. BIDV Securities JSC's Interest Expense for the three months ended in Mar. 2024 was ₫-39,438 Mil. BIDV Securities JSC's interest coverage for the quarter that ended in Mar. 2024 was 2.31. The higher the ratio, the stronger the company's financial strength is.

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

HSTC:BSI' s Interest Coverage Range Over the Past 10 Years
Min: 0.08   Med: 2.8   Max: No Debt
Current: 1.52


HSTC:BSI's Interest Coverage is ranked worse than
85.81% of 451 companies
in the Capital Markets industry
Industry Median: 19.19 vs HSTC:BSI: 1.52

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


BIDV Securities JSC Interest Coverage Historical Data

The historical data trend for BIDV Securities JSC'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.

BIDV Securities JSC Interest Coverage Chart

BIDV Securities JSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.38 4.82 4.03 0.08 1.44

BIDV Securities JSC Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.74 2.41 1.53 0.07 2.31

Competitive Comparison of BIDV Securities JSC's Interest Coverage

For the Capital Markets subindustry, BIDV Securities JSC'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.


BIDV Securities JSC's Interest Coverage Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, BIDV Securities JSC's Interest Coverage distribution charts can be found below:

* The bar in red indicates where BIDV Securities JSC's Interest Coverage falls into.



BIDV Securities JSC 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.

BIDV Securities JSC'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, BIDV Securities JSC's Interest Expense was ₫-142,660 Mil. Its Operating Income was ₫205,875 Mil. And its Long-Term Debt & Capital Lease Obligation was ₫0 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*205874.641/-142660.266
=1.44

BIDV Securities JSC's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, BIDV Securities JSC's Interest Expense was ₫-39,438 Mil. Its Operating Income was ₫90,968 Mil. And its Long-Term Debt & Capital Lease Obligation was ₫0 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*90968.198/-39438.411
=2.31

* 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.


BIDV Securities JSC  (HSTC:BSI) 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 .


BIDV Securities JSC Interest Coverage Related Terms

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


BIDV Securities JSC (HSTC:BSI) Business Description

Traded in Other Exchanges
Address
35 Hang Voi, 10th, 11th floor, BIDV Tower, Hanoi, VNM
BIDV Securities JSC is a Vietnam based securities firm. It is engaged in the business of providing services such as research and analysis, brokerage, trading and investment, and investment banking services. In addition, the firm also offers services for derivative securities, warranted warranties, digital certificate and iBroker facility.

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