PT Citra Nusantara Gemilang Tbk (ISX:CGAS) Interest Coverage : 2.87 (As of Jun. 2023)

PT Citra Nusantara Gemilang Tbk Interest Coverage Chart

Competitive Comparison of PT Citra Nusantara Gemilang Tbk's Interest Coverage

For the Oil & Gas Refining & Marketing subindustry, PT Citra Nusantara Gemilang 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 Citra Nusantara Gemilang Tbk's Interest Coverage Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, PT Citra Nusantara Gemilang Tbk's Interest Coverage distribution charts can be found below:

* The bar in red indicates where PT Citra Nusantara Gemilang Tbk's Interest Coverage falls into.

PT Citra Nusantara Gemilang 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

Else if Interest Expense is negative and Operating Income is negative, then

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

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 Citra Nusantara Gemilang 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 Citra Nusantara Gemilang Tbk's Interest Expense was Rp-2,576 Mil. Its Operating Income was Rp16,550 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp31,644 Mil.

PT Citra Nusantara Gemilang Tbk's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Here, for the six months ended in Jun. 2023, PT Citra Nusantara Gemilang Tbk's Interest Expense was Rp-1,622 Mil. Its Operating Income was Rp4,662 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp40,663 Mil.

* 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.

PT Citra Nusantara Gemilang Tbk  (ISX:CGAS) 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 Citra Nusantara Gemilang Tbk Interest Coverage Related Terms

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PT Citra Nusantara Gemilang Tbk (ISX:CGAS) Business Description