Sapura Energy Bhd (XKLS:5218) Interest Coverage : 0 (At Loss) (As of Oct. 2023)

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What is Sapura Energy 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. Sapura Energy Bhd's Operating Income for the three months ended in Oct. 2023 was RM-159 Mil. Sapura Energy Bhd's Interest Expense for the three months ended in Oct. 2023 was RM-205 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Sapura Energy Bhds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

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

XKLS:5218' s Interest Coverage Range Over the Past 10 Years
Min: 0.01 Med: 1.46 Max: 3.12
Current: 0.01

XKLS:5218's Interest Coverage is ranked worse than
99.87% of 759 companies
in the Oil & Gas industry
Industry Median: 6.79 vs XKLS:5218: 0.01

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

Sapura Energy Bhd Interest Coverage Historical Data

The historical data trend for Sapura Energy 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.

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Sapura Energy Bhd Interest Coverage Chart

Sapura Energy Bhd Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Interest Coverage

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0.60

0.37

Sapura Energy Bhd Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Interest Coverage	Get a 7-Day Free Trial															-	0.91	0.10	-	-

Competitive Comparison of Sapura Energy Bhd's Interest Coverage

For the Oil & Gas Equipment & Services subindustry, Sapura Energy 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.

Sapura Energy Bhd's Interest Coverage Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Sapura Energy Bhd's Interest Coverage falls into.

Sapura Energy 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.

Sapura Energy Bhd's Interest Coverage for the fiscal year that ended in Jan. 2023 is calculated as

Here, for the fiscal year that ended in Jan. 2023, Sapura Energy Bhd's Interest Expense was RM-623 Mil. Its Operating Income was RM228 Mil. And its Long-Term Debt & Capital Lease Obligation was RM23 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Jan. 2023 )	/	Interest Expense (A: Jan. 2023 )
	=	-1	*	227.919	/	-622.831
	=	0.37

Sapura Energy Bhd's Interest Coverage for the quarter that ended in Oct. 2023 is calculated as

Here, for the three months ended in Oct. 2023, Sapura Energy Bhd's Interest Expense was RM-205 Mil. Its Operating Income was RM-159 Mil. And its Long-Term Debt & Capital Lease Obligation was RM18 Mil.

Sapura Energy Bhd did not have earnings to cover the interest expense.

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

Sapura Energy Bhd (XKLS:5218) 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 .

Sapura Energy Bhd Interest Coverage Related Terms

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

Sapura Energy Bhd (XKLS:5218) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sapura Energy Bhd (XKLS:5218) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

5218PA.PFD:Malaysia

Address

No. 7, Jalan Tasik, Sapura@Mines, The Mines Resort City, Seri Kembangan, SGR, MYS, 43300

Website

https://www.sapuraenergy.com

Sapura Energy Bhd is an upstream firm in the global oil and gas industry, providing services and solutions in the Americas, Middle East, Africa, Europe, and Asia-Pacific. The company's operating segments consist of engineering and construction, drilling, and exploration and production. The engineering and construction segment provides engineering, procurement, construction, installation, and commissioning solutions. The drilling business unit offers drilling services with Sapura's own fleet of tender rigs. The exploration and production segment provides exploration, development, and production solutions. The company generates the majority of its revenue from its engineering and construction business.

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