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The Practical Solution PCL (BKK:TPS) Interest Coverage : 66.60 (As of Mar. 2024)


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What is The Practical Solution 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. The Practical Solution PCL's Operating Income for the three months ended in Mar. 2024 was ฿21 Mil. The Practical Solution PCL's Interest Expense for the three months ended in Mar. 2024 was ฿-0 Mil. The Practical Solution PCL's interest coverage for the quarter that ended in Mar. 2024 was 66.60. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. The Practical Solution PCL has enough cash to cover all of its debt. Its financial situation is stable.

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

BKK:TPS' s Interest Coverage Range Over the Past 10 Years
Min: 64.23   Med: 86.52   Max: 213.63
Current: 104.59


BKK:TPS's Interest Coverage is ranked better than
82.69% of 1589 companies
in the Hardware industry
Industry Median: 12.78 vs BKK:TPS: 104.59

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


The Practical Solution PCL Interest Coverage Historical Data

The historical data trend for The Practical Solution 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.

The Practical Solution PCL Interest Coverage Chart

The Practical Solution PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial 123.21 64.62 86.52 64.23 83.69

The Practical Solution 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 22.54 62.60 127.41 172.21 66.60

Competitive Comparison of The Practical Solution PCL's Interest Coverage

For the Communication Equipment subindustry, The Practical Solution 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.


The Practical Solution PCL's Interest Coverage Distribution in the Hardware Industry

For the Hardware industry and Technology sector, The Practical Solution PCL's Interest Coverage distribution charts can be found below:

* The bar in red indicates where The Practical Solution PCL's Interest Coverage falls into.



The Practical Solution 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.

The Practical Solution 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, The Practical Solution PCL's Interest Expense was ฿-2 Mil. Its Operating Income was ฿144 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿35 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*144.109/-1.722
=83.69

The Practical Solution PCL's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, The Practical Solution PCL's Interest Expense was ฿-0 Mil. Its Operating Income was ฿21 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿33 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*21.178/-0.318
=66.60

* 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.


The Practical Solution PCL  (BKK:TPS) 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 .


The Practical Solution PCL Interest Coverage Related Terms

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


The Practical Solution PCL (BKK:TPS) Business Description

Traded in Other Exchanges
N/A
Address
Rachadapisek Road, 99 Cement Thai Alley, Lat Yao, Chatuchak, Bangkok, THA, 10900
The Practical Solution PCL is engaged in the distribution and installation of computer network systems, fully integrated communication systems, wireless communication systems, network security systems, data center solution and management systems and network system management including to provide maintenance services related to such systems. The firm operates in the segments of Sales including installment, and Others. It also provides after-sales service and system maintenance and other information technology services. Its products and services include Cisco, Paloalto, Netapp, Fortinet, system installation and maintenance. The company operates its business in Thailand.

The Practical Solution PCL (BKK:TPS) Headlines

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