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Asia Pacific Wire & Cable (Asia Pacific Wire & Cable) Interest Coverage : 4.66 (As of Sep. 2023)


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What is Asia Pacific Wire & Cable 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. Asia Pacific Wire & Cable's Operating Income for the three months ended in Sep. 2023 was $2.9 Mil. Asia Pacific Wire & Cable's Interest Expense for the three months ended in Sep. 2023 was $-0.6 Mil. Asia Pacific Wire & Cable's interest coverage for the quarter that ended in Sep. 2023 was 4.66. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Asia Pacific Wire & Cable's Interest Coverage or its related term are showing as below:

APWC' s Interest Coverage Range Over the Past 10 Years
Min: 0.17   Med: 6.21   Max: 13.3
Current: 6.99


APWC's Interest Coverage is ranked worse than
64.91% of 2291 companies
in the Industrial Products industry
Industry Median: 13.67 vs APWC: 6.99

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


Asia Pacific Wire & Cable Interest Coverage Historical Data

The historical data trend for Asia Pacific Wire & Cable'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.

Asia Pacific Wire & Cable Interest Coverage Chart

Asia Pacific Wire & Cable Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.17 0.17 13.16 - 5.25

Asia Pacific Wire & Cable Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Jun20 Sep20 Dec20 Jun21 Sep21 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23
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 N/A 4.33 10.96 N/A 4.66

Competitive Comparison of Asia Pacific Wire & Cable's Interest Coverage

For the Electrical Equipment & Parts subindustry, Asia Pacific Wire & Cable'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.


Asia Pacific Wire & Cable's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Asia Pacific Wire & Cable's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Asia Pacific Wire & Cable's Interest Coverage falls into.



Asia Pacific Wire & Cable 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.

Asia Pacific Wire & Cable's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, Asia Pacific Wire & Cable's Interest Expense was $-1.5 Mil. Its Operating Income was $7.8 Mil. And its Long-Term Debt & Capital Lease Obligation was $14.1 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2022 )/Interest Expense (A: Dec. 2022 )
=-1*7.809/-1.488
=5.25

Asia Pacific Wire & Cable's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, Asia Pacific Wire & Cable's Interest Expense was $-0.6 Mil. Its Operating Income was $2.9 Mil. And its Long-Term Debt & Capital Lease Obligation was $4.3 Mil.

Interest Coverage=-1* Operating Income (Q: Sep. 2023 )/Interest Expense (Q: Sep. 2023 )
=-1*2.889/-0.62
=4.66

* 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.


Asia Pacific Wire & Cable  (NAS:APWC) 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 .


Asia Pacific Wire & Cable Interest Coverage Related Terms

Thank you for viewing the detailed overview of Asia Pacific Wire & Cable's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Asia Pacific Wire & Cable (Asia Pacific Wire & Cable) Business Description

Traded in Other Exchanges
N/A
Address
Dunhua South Road, 15th Floor, B, No. 77, Section. 2, Taipei, TWN, 106
Asia Pacific Wire & Cable Corp Ltd is a holding company. It is principally engaged in owning operating companies engaged in the power cable, telecommunication cable, enameled wire, and electronic cable industry. It also provides project engineering services to customers. Some of its products are Bare wires, Power cables, Communication cables, Electronic wires & cables, and Enamelled wires. The company's geographical segments are North Asia, Thailand, and Rest of the World.
Executives
Msd Capital L P 10 percent owner 1 VANDERBILT AVENUE, 26TH FLOOR, NEW YORK NY 10017-5407
Sof Investments Lp 10 percent owner