Internet Thailand PCL (BKK:INET-R) Interest Coverage : 1.11 (As of Mar. 2024)

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What is Internet Thailand 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. Internet Thailand PCL's Operating Income for the three months ended in Mar. 2024 was ฿229 Mil. Internet Thailand PCL's Interest Expense for the three months ended in Mar. 2024 was ฿-206 Mil. Internet Thailand PCL's interest coverage for the quarter that ended in Mar. 2024 was 1.11. 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. Internet Thailand PCL interest coverage is 1.16, which is low.

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

BKK:INET-R' s Interest Coverage Range Over the Past 10 Years
Min: 0.81 Med: 1.13 Max: 1.74
Current: 1.16

BKK:INET-R's Interest Coverage is ranked worse than
94.8% of 1615 companies
in the Software industry
Industry Median: 29.36 vs BKK:INET-R: 1.16

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

Internet Thailand PCL Interest Coverage Historical Data

The historical data trend for Internet Thailand 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.

* Premium members only.

Internet Thailand PCL Interest Coverage Chart

Internet Thailand PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

1.74

1.18

0.93

1.03

1.13

Internet Thailand 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															1.00	1.01	1.11	1.38	1.11

Competitive Comparison of Internet Thailand PCL's Interest Coverage

For the Information Technology Services subindustry, Internet Thailand 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.

Internet Thailand PCL's Interest Coverage Distribution in the Software Industry

For the Software industry and Technology sector, Internet Thailand PCL's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Internet Thailand PCL's Interest Coverage falls into.

Internet Thailand 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.

Internet Thailand 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, Internet Thailand PCL's Interest Expense was ฿-691 Mil. Its Operating Income was ฿780 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿2,806 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	780.292	/	-691.033
	=	1.13

Internet Thailand PCL's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Internet Thailand PCL's Interest Expense was ฿-206 Mil. Its Operating Income was ฿229 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿2,281 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	229.402	/	-206.086
	=	1.11

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

Internet Thailand PCL (BKK:INET-R) 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 .

Internet Thailand PCL Interest Coverage Related Terms

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

Internet Thailand PCL (BKK:INET-R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Internet Thailand PCL (BKK:INET-R) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

INET:Thailand

Address

New Petchburi Road, No. 1768 Thai Summit Tower, 10th - 12th Floors, and the IT Floor, Bangkapi Sub-district, Huay Khwang District, Bangkok, THA, 10310

Website

https://www.inet.co.th

Internet Thailand PCL is a Thailand based company involved in IT business sector. The company's business is distinguished into groups, which are full Internet access business, data center, business solutions, cloud services, EDC network pool services, and software services. The Internet access business provides full Internet services for home access and business access along with a one-stop service. Its data center provides an Internet data center, which is an information center composed of a security center, disaster recovery center, Web hosting, dedicated server, and co-location. It operates in two business segments which are the Provision of internet access services (Access business); and Integrated services in relation to information and communication technologies (Business solutions).

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