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Charn Issara Development PCL (BKK:CI) Interest Coverage : 1.63 (As of Mar. 2024)


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What is Charn Issara Development 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. Charn Issara Development PCL's Operating Income for the three months ended in Mar. 2024 was ฿144 Mil. Charn Issara Development PCL's Interest Expense for the three months ended in Mar. 2024 was ฿-88 Mil. Charn Issara Development PCL's interest coverage for the quarter that ended in Mar. 2024 was 1.63. 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. Charn Issara Development PCLs 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 Charn Issara Development PCL's Interest Coverage or its related term are showing as below:

BKK:CI' s Interest Coverage Range Over the Past 10 Years
Min: 0.03   Med: 1.09   Max: 4.87
Current: 0.03


BKK:CI's Interest Coverage is ranked worse than
99.4% of 1328 companies
in the Real Estate industry
Industry Median: 3.955 vs BKK:CI: 0.03

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


Charn Issara Development PCL Interest Coverage Historical Data

The historical data trend for Charn Issara Development 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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Charn Issara Development PCL Interest Coverage Chart

Charn Issara Development PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
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Charn Issara Development PCL Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.04 - - 0.08 1.63

Competitive Comparison of Charn Issara Development PCL's Interest Coverage

For the Real Estate - Development subindustry, Charn Issara Development 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.


Charn Issara Development PCL's Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Charn Issara Development PCL's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Charn Issara Development PCL's Interest Coverage falls into.



Charn Issara Development 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.

Charn Issara Development 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, Charn Issara Development PCL's Interest Expense was ฿-397 Mil. Its Operating Income was ฿-129 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿4,512 Mil.

Charn Issara Development PCL did not have earnings to cover the interest expense.

Charn Issara Development PCL's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Charn Issara Development PCL's Interest Expense was ฿-88 Mil. Its Operating Income was ฿144 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿4,550 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*143.974/-88.078
=1.63

* 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.


Charn Issara Development PCL  (BKK:CI) 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 .


Charn Issara Development PCL Interest Coverage Related Terms

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


Charn Issara Development PCL (BKK:CI) Business Description

Traded in Other Exchanges
N/A
Address
2922/200, New Petchburi Road, 10th Floor, Charn Issara Tower II, Bangkapi Sub-district, HuayKwang, Bangkok, THA, 10310
Charn Issara Development PCL engages in the real estate business. It operates through the segments of Real Estate Development, Lease of Office Condominium units, Hotel Operations and Sale of goods. Its portfolio and projects include office buildings, shopping centers, House and Townhome, Hotel, Dining and Entertainment, SPA and residential condominiums. The firm's majority revenue comes from the Real Estate Development segment. The company principally operates in Thailand.

Charn Issara Development PCL (BKK:CI) Headlines

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