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SCG Decor PCL (BKK:SCGD-F) Interest Coverage : 2.31 (As of Mar. 2024)


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What is SCG Decor 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. SCG Decor PCL's Operating Income for the three months ended in Mar. 2024 was ฿301 Mil. SCG Decor PCL's Interest Expense for the three months ended in Mar. 2024 was ฿-130 Mil. SCG Decor PCL's interest coverage for the quarter that ended in Mar. 2024 was 2.31. The higher the ratio, the stronger the company's financial strength is.

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

BKK:SCGD-F' s Interest Coverage Range Over the Past 10 Years
Min: 2   Med: 7.14   Max: 10.62
Current: 2.02


BKK:SCGD-F's Interest Coverage is ranked worse than
84.74% of 308 companies
in the Building Materials industry
Industry Median: 6.895 vs BKK:SCGD-F: 2.02

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


SCG Decor PCL Interest Coverage Historical Data

The historical data trend for SCG Decor 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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SCG Decor PCL Interest Coverage Chart

SCG Decor PCL Annual Data
Trend Dec21 Dec22 Dec23
Interest Coverage
10.62 7.14 2.00

SCG Decor PCL Quarterly Data
Dec21 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
Interest Coverage Get a 7-Day Free Trial 0.07 2.23 2.21 1.83 2.31

Competitive Comparison of SCG Decor PCL's Interest Coverage

For the Building Materials subindustry, SCG Decor 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.


SCG Decor PCL's Interest Coverage Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, SCG Decor PCL's Interest Coverage distribution charts can be found below:

* The bar in red indicates where SCG Decor PCL's Interest Coverage falls into.



SCG Decor 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.

SCG Decor 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, SCG Decor PCL's Interest Expense was ฿-548 Mil. Its Operating Income was ฿1,095 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿609 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*1094.91/-547.729
=2.00

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

Here, for the three months ended in Mar. 2024, SCG Decor PCL's Interest Expense was ฿-130 Mil. Its Operating Income was ฿301 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿686 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*300.575/-130.012
=2.31

* 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.


SCG Decor PCL  (BKK:SCGD-F) 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 .


SCG Decor PCL Interest Coverage Related Terms

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SCG Decor PCL (BKK:SCGD-F) Business Description

Comparable Companies
Traded in Other Exchanges
Address
1 Siam Cement Road, Bang Sue Subdistrict, Bangkok, THA
SCG Decor PCL operates as a holding company in which its subsidiaries and associates operate business as manufacturers of Floor tiles and wall tiles in Thailand and other countries such as Vietnam, It consists of two segments namely Decor Surfaces Business, which derives the maximum revenue and Bathroom Business. Geographically, it generates majority revenue from Thailand.

SCG Decor PCL (BKK:SCGD-F) Headlines

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