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PT Indonesia Pondasi Raya Tbk (ISX:IDPR) Interest Coverage : 1.27 (As of Mar. 2024)


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What is PT Indonesia Pondasi Raya 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 Indonesia Pondasi Raya Tbk's Operating Income for the three months ended in Mar. 2024 was Rp14,678 Mil. PT Indonesia Pondasi Raya Tbk's Interest Expense for the three months ended in Mar. 2024 was Rp-11,518 Mil. PT Indonesia Pondasi Raya Tbk's interest coverage for the quarter that ended in Mar. 2024 was 1.27. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for PT Indonesia Pondasi Raya Tbk's Interest Coverage or its related term are showing as below:

ISX:IDPR' s Interest Coverage Range Over the Past 10 Years
Min: 0.66   Med: 8.05   Max: 16.21
Current: 2.09


ISX:IDPR's Interest Coverage is ranked worse than
80.33% of 1261 companies
in the Construction industry
Industry Median: 7.08 vs ISX:IDPR: 2.09

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 Indonesia Pondasi Raya Tbk Interest Coverage Historical Data

The historical data trend for PT Indonesia Pondasi Raya 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.

* Premium members only.

PT Indonesia Pondasi Raya Tbk Interest Coverage Chart

PT Indonesia Pondasi Raya Tbk Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.32 - - 0.66 1.59

PT Indonesia Pondasi Raya Tbk 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 - 0.58 2.26 4.25 1.27

Competitive Comparison of PT Indonesia Pondasi Raya Tbk's Interest Coverage

For the Engineering & Construction subindustry, PT Indonesia Pondasi Raya 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 Indonesia Pondasi Raya Tbk's Interest Coverage Distribution in the Construction Industry

For the Construction industry and Industrials sector, PT Indonesia Pondasi Raya Tbk's Interest Coverage distribution charts can be found below:

* The bar in red indicates where PT Indonesia Pondasi Raya Tbk's Interest Coverage falls into.



PT Indonesia Pondasi Raya 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 Indonesia Pondasi Raya Tbk'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, PT Indonesia Pondasi Raya Tbk's Interest Expense was Rp-46,698 Mil. Its Operating Income was Rp74,469 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp181,371 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*74469.107/-46698.155
=1.59

PT Indonesia Pondasi Raya Tbk's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, PT Indonesia Pondasi Raya Tbk's Interest Expense was Rp-11,518 Mil. Its Operating Income was Rp14,678 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp164,170 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*14678.403/-11517.504
=1.27

* 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 Indonesia Pondasi Raya Tbk  (ISX:IDPR) 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 Indonesia Pondasi Raya Tbk Interest Coverage Related Terms

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PT Indonesia Pondasi Raya Tbk (ISX:IDPR) Business Description

Traded in Other Exchanges
N/A
Address
Jalan Pegangsaan Dua KM 4,5, Kelapa Gading, North Jakarta, Jakarta, IDN, 14250
PT Indonesia Pondasi Raya Tbk is an Indonesia-based company. It is engaged in the planning and construction of buildings, and foundation construction works. The company operates in five segments namely Foundation construction, Retaining Walls construction, Structure, Piling, and Precast Walls. The majority of the revenue is generated from the Foundation construction segment. The company also offers services such as land Structure Improvement, pile testing, slurry walls, ground anchor, excavation, and other construction-related works. It offers construction services for various building and infrastructure projects, ranging from housings, the house of worships, hospitals, and skyscrapers to roads, underpasses, and others.

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