Malayan Flour Mills Bhd (XKLS:3662) Interest Coverage : 5.22 (As of Dec. 2023)

View and export this data going back to 1968. Start your Free Trial

What is Malayan Flour Mills Bhd 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. Malayan Flour Mills Bhd's Operating Income for the three months ended in Dec. 2023 was RM65 Mil. Malayan Flour Mills Bhd's Interest Expense for the three months ended in Dec. 2023 was RM-12 Mil. Malayan Flour Mills Bhd's interest coverage for the quarter that ended in Dec. 2023 was 5.22. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Malayan Flour Mills Bhd's Interest Coverage or its related term are showing as below:

XKLS:3662' s Interest Coverage Range Over the Past 10 Years
Min: 2.27 Med: 3.63 Max: 8.27
Current: 2.27

XKLS:3662's Interest Coverage is ranked worse than
80.56% of 1384 companies
in the Consumer Packaged Goods industry
Industry Median: 8.4 vs XKLS:3662: 2.27

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

Malayan Flour Mills Bhd Interest Coverage Historical Data

The historical data trend for Malayan Flour Mills Bhd'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.

Malayan Flour Mills Bhd Interest Coverage Chart

Malayan Flour Mills Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

2.70

4.55

8.27

2.96

2.27

Malayan Flour Mills Bhd 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															0.89	1.26	0.45	2.85	5.22

Competitive Comparison of Malayan Flour Mills Bhd's Interest Coverage

For the Farm Products subindustry, Malayan Flour Mills Bhd'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.

Malayan Flour Mills Bhd's Interest Coverage Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Malayan Flour Mills Bhd's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Malayan Flour Mills Bhd's Interest Coverage falls into.

Malayan Flour Mills Bhd 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.

Malayan Flour Mills Bhd'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, Malayan Flour Mills Bhd's Interest Expense was RM-57 Mil. Its Operating Income was RM130 Mil. And its Long-Term Debt & Capital Lease Obligation was RM82 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	129.827	/	-57.154
	=	2.27

Malayan Flour Mills Bhd's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Malayan Flour Mills Bhd's Interest Expense was RM-12 Mil. Its Operating Income was RM65 Mil. And its Long-Term Debt & Capital Lease Obligation was RM82 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	65.157	/	-12.473
	=	5.22

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

Malayan Flour Mills Bhd (XKLS:3662) 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 .

Malayan Flour Mills Bhd Interest Coverage Related Terms

Thank you for viewing the detailed overview of Malayan Flour Mills Bhd's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Malayan Flour Mills Bhd (XKLS:3662) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Malayan Flour Mills Bhd (XKLS:3662) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Level 28, Menara Citibank, Suite 28.01, 165 Jalan Ampang, Kuala Lumpur, SGR, MYS, 50450

Website

https://www.mfm.com.my

Malayan Flour Mills Bhd is engaged in the flour milling industry in Malaysia. It has three operating segments; Flour and grain trading segment includes Milling and selling wheat flour and trading in grain and other allied products, Poultry integration segment includes Manufacture and sale of animal feeds, processing and sale of poultry products, poultry grow-out farm, breeding and sale of day-old-chicks and contract farming activities, and Other segment include Manufacture and sale of aqua feeds, re-measurement of contingent consideration receivable and provision for profit guarantee payment. Maximum revenue is generated by the Flour and grains trading segment. Geographically, Malaysia generates a majority of the revenue for the company.

Malayan Flour Mills Bhd (XKLS:3662) Headlines

No Headlines