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Petrovietnam General Services (STC:PET) Interest Coverage : 0 (At Loss) (As of Dec. 2023)


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What is Petrovietnam General Services 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. Petrovietnam General Services's Operating Income for the three months ended in Dec. 2023 was ₫43,331 Mil. Petrovietnam General Services's Interest Expense for the three months ended in Dec. 2023 was ₫37,752 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

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

STC:PET' s Interest Coverage Range Over the Past 10 Years
Min: 0.91   Med: 3.07   Max: 4.79
Current: 1.08


STC:PET's Interest Coverage is ranked worse than
91.59% of 761 companies
in the Oil & Gas industry
Industry Median: 6.71 vs STC:PET: 1.08

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


Petrovietnam General Services Interest Coverage Historical Data

The historical data trend for Petrovietnam General Services'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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Petrovietnam General Services Interest Coverage Chart

Petrovietnam General Services 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 2.00 3.07 4.79 3.50 0.91

Petrovietnam General Services 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 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 5.24 1.04 0.19 0.98 -

Competitive Comparison of Petrovietnam General Services's Interest Coverage

For the Oil & Gas Refining & Marketing subindustry, Petrovietnam General Services'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.


Petrovietnam General Services's Interest Coverage Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Petrovietnam General Services's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Petrovietnam General Services's Interest Coverage falls into.



Petrovietnam General Services 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.

Petrovietnam General Services'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, Petrovietnam General Services's Interest Expense was ₫-216,984 Mil. Its Operating Income was ₫197,643 Mil. And its Long-Term Debt & Capital Lease Obligation was ₫10,870 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*197643.488/-216984.022
=0.91

Petrovietnam General Services's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Petrovietnam General Services's Interest Expense was ₫37,752 Mil. Its Operating Income was ₫43,331 Mil. And its Long-Term Debt & Capital Lease Obligation was ₫10,870 Mil.

* 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.


Petrovietnam General Services  (STC:PET) 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 .


Petrovietnam General Services Interest Coverage Related Terms

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


Petrovietnam General Services (STC:PET) Business Description

Traded in Other Exchanges
N/A
Address
No 1-5 Le Duan Street 06 Floor, PetroVietNam Building Ben, Nghe District, Ho Chi Minh City, VNM
Petrovietnam General Services Corp is engaged in the distribution of telecom, IT and electronic products, household goods, polypropylene plastic particle, polyester, and LPG. The company is also involved in catering services, supply chain services which include the supply of oilfield materials and equipment, heavy cargo transportation and lifting services, and logistics services, and property services focusing on real estate management, hotel service, and real estate development and investment.