PTlim Ivomas Pratama Tbk (ISX:SIMP) Interest Coverage : 6.29 (As of Dec. 2023)

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What is PTlim Ivomas Pratama Tbk 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. PTlim Ivomas Pratama Tbk's Operating Income for the three months ended in Dec. 2023 was Rp911,167 Mil. PTlim Ivomas Pratama Tbk's Interest Expense for the three months ended in Dec. 2023 was Rp-144,921 Mil. PTlim Ivomas Pratama Tbk's interest coverage for the quarter that ended in Dec. 2023 was 6.29. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for PTlim Ivomas Pratama Tbk's Interest Coverage or its related term are showing as below:

ISX:SIMP' s Interest Coverage Range Over the Past 10 Years
Min: 0.74 Med: 2.76 Max: 5.76
Current: 3.6

ISX:SIMP's Interest Coverage is ranked worse than
70.14% of 1380 companies
in the Consumer Packaged Goods industry
Industry Median: 8.405 vs ISX:SIMP: 3.60

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

PTlim Ivomas Pratama Tbk Interest Coverage Historical Data

The historical data trend for PTlim Ivomas Pratama Tbk'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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PTlim Ivomas Pratama Tbk Interest Coverage Chart

PTlim Ivomas Pratama Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

0.74

2.27

5.33

5.76

3.60

PTlim Ivomas Pratama Tbk 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															7.06	3.08	1.23	4.01	6.29

Competitive Comparison of PTlim Ivomas Pratama Tbk's Interest Coverage

For the Packaged Foods subindustry, PTlim Ivomas Pratama Tbk'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.

PTlim Ivomas Pratama Tbk's Interest Coverage Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PTlim Ivomas Pratama Tbk's Interest Coverage distribution charts can be found below:

* The bar in red indicates where PTlim Ivomas Pratama Tbk's Interest Coverage falls into.

PTlim Ivomas Pratama Tbk 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.

PTlim Ivomas Pratama Tbk'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, PTlim Ivomas Pratama Tbk's Interest Expense was Rp-611,540 Mil. Its Operating Income was Rp2,203,835 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp942,287 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	2203835	/	-611540
	=	3.60

PTlim Ivomas Pratama Tbk's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, PTlim Ivomas Pratama Tbk's Interest Expense was Rp-144,921 Mil. Its Operating Income was Rp911,167 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp942,287 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	911167	/	-144921
	=	6.29

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

PTlim Ivomas Pratama Tbk (ISX:SIMP) 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 .

PTlim Ivomas Pratama Tbk Interest Coverage Related Terms

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

PTlim Ivomas Pratama Tbk (ISX:SIMP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PT Salim Ivomas Pratama Tbk (ISX:SIMP) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Jenderal Sudirman Kav. 76-78, Sudirman Plaza, Indofood Tower, 11th Floor, Jakarta, IDN, 12910

Website

https://www.simp.co.id

PT Salim Ivomas Pratama Tbk is an agribusiness in Southeast Asia that focuses on cultivating and processing palm oil. It invests in oil palm seed breeding and the development of oil palm seedlings to raise various plantations. The company owns several mills to produce crude palm oil and other derivative products such as palm kernel. Products are transported to subsidiaries to manufacture and package edible oils and fats. Additionally, its plantations produce sugar, rubber, and other plant products for sale and distribution. Packaged goods are sold through national, regional, and local distributors, as well as through a direct sales method under the company's own brands. It operates in two segments: Plantations and Edible Oil and Fats.

PTlim Ivomas Pratama Tbk (ISX:SIMP) Headlines

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