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PT Indomobil Multi Jasa Tbk (ISX:IMJS) Interest Coverage : 1.53 (As of Mar. 2024)


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What is PT Indomobil Multi Jasa 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 Indomobil Multi Jasa Tbk's Operating Income for the three months ended in Mar. 2024 was Rp273,686 Mil. PT Indomobil Multi Jasa Tbk's Interest Expense for the three months ended in Mar. 2024 was Rp-179,068 Mil. PT Indomobil Multi Jasa Tbk's interest coverage for the quarter that ended in Mar. 2024 was 1.53. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for PT Indomobil Multi Jasa Tbk's Interest Coverage or its related term are showing as below:

ISX:IMJS' s Interest Coverage Range Over the Past 10 Years
Min: 1.1   Med: 1.99   Max: 2.68
Current: 1.3


ISX:IMJS's Interest Coverage is ranked worse than
85.9% of 390 companies
in the Conglomerates industry
Industry Median: 5.28 vs ISX:IMJS: 1.30

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 Indomobil Multi Jasa Tbk Interest Coverage Historical Data

The historical data trend for PT Indomobil Multi Jasa 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 Indomobil Multi Jasa Tbk Interest Coverage Chart

PT Indomobil Multi Jasa 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 2.03 1.37 1.62 2.06 1.30

PT Indomobil Multi Jasa 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 1.59 1.37 1.07 1.23 1.53

Competitive Comparison of PT Indomobil Multi Jasa Tbk's Interest Coverage

For the Conglomerates subindustry, PT Indomobil Multi Jasa 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 Indomobil Multi Jasa Tbk's Interest Coverage Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, PT Indomobil Multi Jasa Tbk's Interest Coverage distribution charts can be found below:

* The bar in red indicates where PT Indomobil Multi Jasa Tbk's Interest Coverage falls into.



PT Indomobil Multi Jasa 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 Indomobil Multi Jasa 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 Indomobil Multi Jasa Tbk's Interest Expense was Rp-661,367 Mil. Its Operating Income was Rp858,013 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp13,113,321 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*858012.949/-661366.791
=1.30

PT Indomobil Multi Jasa 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 Indomobil Multi Jasa Tbk's Interest Expense was Rp-179,068 Mil. Its Operating Income was Rp273,686 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp13,101,444 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*273685.582/-179067.656
=1.53

* 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 Indomobil Multi Jasa Tbk  (ISX:IMJS) 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 Indomobil Multi Jasa Tbk Interest Coverage Related Terms

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


PT Indomobil Multi Jasa Tbk (ISX:IMJS) Business Description

Traded in Other Exchanges
N/A
Address
Jalan Letjen. M.T. Haryono Kav. 11, Indomobil Tower, 11th Floor, Jakarta Timur, Jakarta, IDN, 13330
PT Indomobil Multi Jasa Tbk is engaged in providing vehicle sales, after-sales service, vehicle financing, spare parts distribution for lndoParts, vehicle assembling, automotive parts/ component manufacturing, car rental services, and other related supporting services. The company holds various trademarks of international brands including Audi, Datsun, Foton, Hino, Infiniti, John Deere, Kalmar, Manitou, Nissan, Renault, Renault Trucks, SDLG, Suzuki, Volkswagen, Volvo Construction Equipment, Volvo Trucks, and Zoomlion. The company also provides financial services which include financing for motorcycles, new cars, used cars, and heavy equipment. Its segments are Car rental and related business and Financial Services.

PT Indomobil Multi Jasa Tbk (ISX:IMJS) Headlines

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