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DAP-VINACHEM JSC (HSTC:DDV) Interest Coverage : 113.93 (As of Sep. 2024)


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What is DAP-VINACHEM 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. DAP-VINACHEM JSC's Operating Income for the three months ended in Sep. 2024 was ₫21,737 Mil. DAP-VINACHEM JSC's Interest Expense for the three months ended in Sep. 2024 was ₫-191 Mil. DAP-VINACHEM JSC's interest coverage for the quarter that ended in Sep. 2024 was 113.93. 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. DAP-VINACHEM JSC has enough cash to cover all of its debt. Its financial situation is stable.

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

HSTC:DDV' s Interest Coverage Range Over the Past 10 Years
Min: 1.89   Med: 117.64   Max: 515.82
Current: 312.24


HSTC:DDV's Interest Coverage is ranked better than
92.15% of 191 companies
in the Agriculture industry
Industry Median: 6.93 vs HSTC:DDV: 312.24

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


DAP-VINACHEM JSC Interest Coverage Historical Data

The historical data trend for DAP-VINACHEM 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.

DAP-VINACHEM JSC Interest Coverage Chart

DAP-VINACHEM JSC Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Interest Coverage
1.89 515.82 201.80 33.47

DAP-VINACHEM JSC Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 - 413.75 220.05 672.49 113.93

Competitive Comparison of DAP-VINACHEM JSC's Interest Coverage

For the Agricultural Inputs subindustry, DAP-VINACHEM 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.


DAP-VINACHEM JSC's Interest Coverage Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, DAP-VINACHEM JSC's Interest Coverage distribution charts can be found below:

* The bar in red indicates where DAP-VINACHEM JSC's Interest Coverage falls into.


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DAP-VINACHEM 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.

DAP-VINACHEM 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, DAP-VINACHEM JSC's Interest Expense was ₫-1,048 Mil. Its Operating Income was ₫35,083 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*35082.553/-1048.283
=33.47

DAP-VINACHEM JSC's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the three months ended in Sep. 2024, DAP-VINACHEM JSC's Interest Expense was ₫-191 Mil. Its Operating Income was ₫21,737 Mil. And its Long-Term Debt & Capital Lease Obligation was ₫0 Mil.

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*21737.038/-190.8
=113.93

* 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.


DAP-VINACHEM JSC  (HSTC:DDV) 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 .


DAP-VINACHEM JSC Interest Coverage Related Terms

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


DAP-VINACHEM JSC Business Description

Traded in Other Exchanges
N/A
Address
Lot N5.8 Dinh Vu Industrial Park, Cat Hai, Dong Hai 2 Ward, Hai An District, belonging to Dinh Vu Economic Zone, Hai Phong, VNM
DAP-VINACHEM JSC is belonging to the Vietnam chemical industry. Its products include Fertilizer DAP, Sulfuric Acid, Phosphoric Acid among others.

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