Aapico Hitech PCL (BKK:AH) Interest Coverage : 2.04 (As of Dec. 2023)

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What is Aapico Hitech PCL 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. Aapico Hitech PCL's Operating Income for the three months ended in Dec. 2023 was ฿281 Mil. Aapico Hitech PCL's Interest Expense for the three months ended in Dec. 2023 was ฿-138 Mil. Aapico Hitech PCL's interest coverage for the quarter that ended in Dec. 2023 was 2.04. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Aapico Hitech PCL's Interest Coverage or its related term are showing as below:

BKK:AH' s Interest Coverage Range Over the Past 10 Years
Min: 0.47 Med: 2.31 Max: 4.46
Current: 3.87

BKK:AH's Interest Coverage is ranked worse than
67.05% of 1032 companies
in the Vehicles & Parts industry
Industry Median: 7.75 vs BKK:AH: 3.87

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

Aapico Hitech PCL Interest Coverage Historical Data

The historical data trend for Aapico Hitech PCL'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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Aapico Hitech PCL Interest Coverage Chart

Aapico Hitech PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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3.94

1.14

1.96

4.46

3.52

Aapico Hitech PCL 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															6.18	7.00	3.92	3.55	2.04

Competitive Comparison of Aapico Hitech PCL's Interest Coverage

For the Auto Parts subindustry, Aapico Hitech PCL'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.

Aapico Hitech PCL's Interest Coverage Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Aapico Hitech PCL's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Aapico Hitech PCL's Interest Coverage falls into.

Aapico Hitech PCL 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.

Aapico Hitech PCL'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, Aapico Hitech PCL's Interest Expense was ฿-464 Mil. Its Operating Income was ฿1,632 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿2,095 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	1631.767	/	-463.509
	=	3.52

Aapico Hitech PCL's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Aapico Hitech PCL's Interest Expense was ฿-138 Mil. Its Operating Income was ฿281 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿2,095 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	281.173	/	-137.873
	=	2.04

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

Aapico Hitech PCL (BKK:AH) 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 .

Aapico Hitech PCL Interest Coverage Related Terms

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

Aapico Hitech PCL (BKK:AH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Aapico Hitech PCL (BKK:AH) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

AH-F:Thailand

Address

Tambol Ban Lane, 99 Moo 1 Hitech Industrial Estate, Ampur Bang Pa-in, Ayutthya, THA, 13160

Website

https://www.aapico.com

Aapico Hitech PCL is a manufacturing company. The business activity of the firm is organized into business units based on their products and services and has three reported segments which are the Manufacture of auto parts; Sales of automobiles and the provision of automobile repair service; and Others. It manufactures products such as Jigs, Stamping dies, and Original equipment manufacturing auto parts, including Floor parts, Cross members, Pillars, Brackets, Clips, and Fuel tanks. Geographically the firm has its presence in the region of Thailand, China, Malaysia, and Portugal from which it derives the majority of its revenue from Thailand. Most of its revenue is derived from the Manufacture of automobiles assembly tools and parts segment.

Aapico Hitech PCL (BKK:AH) Headlines

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