Market Connections Asia PCL (BKK:MCA) Interest Coverage : 26.66 (As of Dec. 2023)

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What is Market Connections Asia 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. Market Connections Asia PCL's Operating Income for the six months ended in Dec. 2023 was ฿14.5 Mil. Market Connections Asia PCL's Interest Expense for the six months ended in Dec. 2023 was ฿-0.5 Mil. Market Connections Asia PCL's interest coverage for the quarter that ended in Dec. 2023 was 26.66. The higher the ratio, the stronger the company's financial strength is.

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

BKK:MCA' s Interest Coverage Range Over the Past 10 Years
Min: 4.6 Med: 25.39 Max: 26.25
Current: 26.25

BKK:MCA's Interest Coverage is ranked better than
60.58% of 619 companies
in the Media - Diversified industry
Industry Median: 11.09 vs BKK:MCA: 26.25

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

Market Connections Asia PCL Interest Coverage Historical Data

The historical data trend for Market Connections Asia 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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Market Connections Asia PCL Interest Coverage Chart

Market Connections Asia PCL Annual Data

Trend

Dec21

Dec22

Dec23

Interest Coverage

4.60

25.39

26.25

Market Connections Asia PCL Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	N/A	26.24	24.77	25.89	26.66

Competitive Comparison of Market Connections Asia PCL's Interest Coverage

For the Advertising Agencies subindustry, Market Connections Asia 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.

Market Connections Asia PCL's Interest Coverage Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Market Connections Asia PCL's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Market Connections Asia PCL's Interest Coverage falls into.

Market Connections Asia 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.

Market Connections Asia 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, Market Connections Asia PCL's Interest Expense was ฿-1.2 Mil. Its Operating Income was ฿30.3 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿0.1 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	30.319	/	-1.155
	=	26.25

Market Connections Asia PCL's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Market Connections Asia PCL's Interest Expense was ฿-0.5 Mil. Its Operating Income was ฿14.5 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿0.1 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	14.528	/	-0.545
	=	26.66

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

Market Connections Asia PCL (BKK:MCA) 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 .

Market Connections Asia PCL Interest Coverage Related Terms

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

Market Connections Asia PCL (BKK:MCA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Market Connections Asia PCL (BKK:MCA) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

51/859 Soi Nuanchan 34, Nuanchan Subdistrict, Bueng Kum, Bangkok, THA, 10230

Website

https://www.marketconnectionsasia.com

Market Connections Asia PCL is a company that does integrated marketing activities both offline and online. The company focuses on providing services. and is a coordinating medium To increase sales in various trade channels Ready to provide service and support in taking care of every aspect of the work process. in order to get effective results. The company's business segment includes Marketing and digital activities, Packing and logistics, Product consultants, and Merchandising. The company generates the majority of its revenue from Merchandising, and Marketing and digital activities.

Market Connections Asia PCL (BKK:MCA) Headlines

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