Pruksa Holding PCL (BKK:PSH) Interest Coverage : 1.76 (As of Mar. 2024)

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What is Pruksa Holding 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. Pruksa Holding PCL's Operating Income for the three months ended in Mar. 2024 was ฿298 Mil. Pruksa Holding PCL's Interest Expense for the three months ended in Mar. 2024 was ฿-169 Mil. Pruksa Holding PCL's interest coverage for the quarter that ended in Mar. 2024 was 1.76. The higher the ratio, the stronger the company's financial strength is.

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

BKK:PSH' s Interest Coverage Range Over the Past 10 Years
Min: 1.5 Med: 23.11 Max: 56.3
Current: 1.5

BKK:PSH's Interest Coverage is ranked worse than
77.47% of 1336 companies
in the Real Estate industry
Industry Median: 4.06 vs BKK:PSH: 1.50

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

Pruksa Holding PCL Interest Coverage Historical Data

The historical data trend for Pruksa Holding 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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Pruksa Holding PCL Interest Coverage Chart

Pruksa Holding PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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22.66

8.15

6.46

8.81

2.40

Pruksa Holding 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															8.29	2.85	1.69	-	1.76

Competitive Comparison of Pruksa Holding PCL's Interest Coverage

For the Real Estate - Development subindustry, Pruksa Holding 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.

Pruksa Holding PCL's Interest Coverage Distribution in the Real Estate Industry

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

* The bar in red indicates where Pruksa Holding PCL's Interest Coverage falls into.

Pruksa Holding 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.

Pruksa Holding 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, Pruksa Holding PCL's Interest Expense was ฿-670 Mil. Its Operating Income was ฿1,612 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿5,173 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	1611.794	/	-670.484
	=	2.40

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

Here, for the three months ended in Mar. 2024, Pruksa Holding PCL's Interest Expense was ฿-169 Mil. Its Operating Income was ฿298 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿6,035 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	298.216	/	-169.377
	=	1.76

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

Pruksa Holding PCL (BKK:PSH) 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 .

Pruksa Holding PCL Interest Coverage Related Terms

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Pruksa Holding PCL (BKK:PSH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Pruksa Holding PCL (BKK:PSH) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

2PR3:Germany

Address

Phaholyothin Road, 1177, Pearl Bangkok Tower, 24th Floor, Phayathai Sub-District, Phayathai District, Bangkok, THA, 10400

Website

https://www.psh.co.th

Pruksa Holding Public Company Limited operates as a holding company in real estate and healthcare businesses. The core business of the Company is real estate development for sale. The business activities of the group include developing projects for townhouses, single-detached houses, condominiums, and hospitals. The company focuses on residential houses located in various potential and high growth areas of Bangkok and its vicinities, including downtown Bangkok projects in Thailand. It is also engaged in hospital operations of which revenue mainly consists of medical fees, hospital room sales, and medicine sales. Geographically, the business operations are located in Thailand and earn key revenue from the sale of real estate.