STC Concrete Product (BKK:STC) Interest Coverage : 0.32 (As of Mar. 2024)

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What is STC Concrete Product 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. STC Concrete Product's Operating Income for the three months ended in Mar. 2024 was ฿1.0 Mil. STC Concrete Product's Interest Expense for the three months ended in Mar. 2024 was ฿-3.2 Mil. STC Concrete Product's interest coverage for the quarter that ended in Mar. 2024 was 0.32. 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. STC Concrete Product PLC interest coverage is 1.63, which is low.

The historical rank and industry rank for STC Concrete Product's Interest Coverage or its related term are showing as below:

BKK:STC' s Interest Coverage Range Over the Past 10 Years
Min: 1.63 Med: 3.66 Max: 6.07
Current: 1.63

BKK:STC's Interest Coverage is ranked worse than
88.03% of 309 companies
in the Building Materials industry
Industry Median: 6.56 vs BKK:STC: 1.63

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

STC Concrete Product Interest Coverage Historical Data

The historical data trend for STC Concrete Product'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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STC Concrete Product Interest Coverage Chart

STC Concrete Product Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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4.58

6.07

2.55

2.59

2.20

STC Concrete Product 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															2.50	5.26	1.34	0.58	0.32

Competitive Comparison of STC Concrete Product's Interest Coverage

For the Building Materials subindustry, STC Concrete Product'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.

STC Concrete Product's Interest Coverage Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, STC Concrete Product's Interest Coverage distribution charts can be found below:

* The bar in red indicates where STC Concrete Product's Interest Coverage falls into.

STC Concrete Product 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.

STC Concrete Product'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, STC Concrete Product's Interest Expense was ฿-10.2 Mil. Its Operating Income was ฿22.5 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿88.3 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	22.536	/	-10.221
	=	2.20

STC Concrete Product's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, STC Concrete Product's Interest Expense was ฿-3.2 Mil. Its Operating Income was ฿1.0 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿77.2 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	1.028	/	-3.211
	=	0.32

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

STC Concrete Product (BKK:STC) 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 .

STC Concrete Product Interest Coverage Related Terms

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

STC Concrete Product (BKK:STC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » STC Concrete Product PLC (BKK:STC) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

220/26 Moo 6, Sukhumvit Road, Nakluea Subdistrict, Banglamung District, Chonburi Province, Pattaya, THA, 20150

Website

https://www.stc.co.th

STC Concrete Product PLC is engaged in the production and distribution of precast concrete products under the trademark STC CONCRETE. Its products portfolio includes ready mixed concrete, concrete drainage pipes, precast concrete slabs, prestressed concrete pile, lightweight gray brick block, and prefabricated fence panels. The company operates in only one reportable segment that is manufacture and sales of ready-mixed concrete and aggregate and the single geographical area of its operations in Thailand.