PT Barito Renewables Energy Tbk (ISX:BREN) Interest Coverage : 3.38 (As of Dec. 2023)

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What is PT Barito Renewables Energy Tbk 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. PT Barito Renewables Energy Tbk's Operating Income for the six months ended in Dec. 2023 was Rp6,824,444 Mil. PT Barito Renewables Energy Tbk's Interest Expense for the six months ended in Dec. 2023 was Rp-2,019,541 Mil. PT Barito Renewables Energy Tbk's interest coverage for the quarter that ended in Dec. 2023 was 3.38. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for PT Barito Renewables Energy Tbk's Interest Coverage or its related term are showing as below:

ISX:BREN' s Interest Coverage Range Over the Past 10 Years
Min: 3.38 Med: 4.8 Max: 5.16
Current: 3.38

ISX:BREN's Interest Coverage is ranked better than
52.62% of 325 companies
in the Utilities - Independent Power Producers industry
Industry Median: 3.24 vs ISX:BREN: 3.38

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

PT Barito Renewables Energy Tbk Interest Coverage Historical Data

The historical data trend for PT Barito Renewables Energy Tbk'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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PT Barito Renewables Energy Tbk Interest Coverage Chart

PT Barito Renewables Energy Tbk Annual Data

Trend

Dec20

Dec21

Dec22

Interest Coverage

4.50

4.80

5.16

PT Barito Renewables Energy Tbk Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Interest Coverage	4.50	4.80	5.16	3.38

Competitive Comparison of PT Barito Renewables Energy Tbk's Interest Coverage

For the Utilities - Renewable subindustry, PT Barito Renewables Energy Tbk'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.

PT Barito Renewables Energy Tbk's Interest Coverage Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, PT Barito Renewables Energy Tbk's Interest Coverage distribution charts can be found below:

* The bar in red indicates where PT Barito Renewables Energy Tbk's Interest Coverage falls into.

PT Barito Renewables Energy Tbk 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.

PT Barito Renewables Energy Tbk's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, PT Barito Renewables Energy Tbk's Interest Expense was Rp-1,301,647 Mil. Its Operating Income was Rp6,721,751 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp31,919,136 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2022 )	/	Interest Expense (A: Dec. 2022 )
	=	-1	*	6721751.428	/	-1301646.88
	=	5.16

PT Barito Renewables Energy Tbk's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, PT Barito Renewables Energy Tbk's Interest Expense was Rp-2,019,541 Mil. Its Operating Income was Rp6,824,444 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp28,535,512 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	6824444.215	/	-2019541.313
	=	3.38

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

PT Barito Renewables Energy Tbk (ISX:BREN) 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 .

PT Barito Renewables Energy Tbk Interest Coverage Related Terms

Thank you for viewing the detailed overview of PT Barito Renewables Energy Tbk's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

PT Barito Renewables Energy Tbk (ISX:BREN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » PT Barito Renewables Energy Tbk (ISX:BREN) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jl. Let. Gen. S. Parman Kav. 60, Wisma Barito Pacific II, 23rd Floor, Jakarta, IDN, 11410

Website

https://www.baritorenewables.co.id

PT Barito Renewables Energy Tbk focuses on a long-term strategy to provide cleaner energy and lower emissions and supports Indonesia's targets for the transition to Net Zero Emissions.

PT Barito Renewables Energy Tbk (ISX:BREN) Headlines

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