PT Indika Energy Tbk (ISX:INDY) Interest Coverage : 2.35 (As of Dec. 2023)

View and export this data going back to 2008. Start your Free Trial

What is PT Indika 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 Indika Energy Tbk's Operating Income for the three months ended in Dec. 2023 was Rp697,003 Mil. PT Indika Energy Tbk's Interest Expense for the three months ended in Dec. 2023 was Rp-296,357 Mil. PT Indika Energy Tbk's interest coverage for the quarter that ended in Dec. 2023 was 2.35. The higher the ratio, the stronger the company's financial strength is.

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

ISX:INDY' s Interest Coverage Range Over the Past 10 Years
Min: 0.26 Med: 3.77 Max: 11.92
Current: 3.47

ISX:INDY's Interest Coverage is ranked worse than
79.84% of 129 companies
in the Other Energy Sources industry
Industry Median: 22.35 vs ISX:INDY: 3.47

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 Indika Energy Tbk Interest Coverage Historical Data

The historical data trend for PT Indika 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.

* Premium members only.

PT Indika Energy Tbk Interest Coverage Chart

PT Indika Energy Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

1.64

6.45

11.92

3.49

PT Indika Energy Tbk Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															12.59	6.00	3.97	1.74	2.35

Competitive Comparison of PT Indika Energy Tbk's Interest Coverage

For the Thermal Coal subindustry, PT Indika 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 Indika Energy Tbk's Interest Coverage Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, PT Indika Energy Tbk's Interest Coverage distribution charts can be found below:

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

PT Indika 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 Indika Energy 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 Indika Energy Tbk's Interest Expense was Rp-1,209,153 Mil. Its Operating Income was Rp4,218,818 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp10,220,711 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	4218817.686	/	-1209153.4
	=	3.49

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

Here, for the three months ended in Dec. 2023, PT Indika Energy Tbk's Interest Expense was Rp-296,357 Mil. Its Operating Income was Rp697,003 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp10,220,711 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	697003.285	/	-296357.047
	=	2.35

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

PT Indika Energy Tbk (ISX:INDY) 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 Indika Energy Tbk Interest Coverage Related Terms

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

PT Indika Energy Tbk (ISX:INDY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » PT Indika Energy Tbk (ISX:INDY) » Definitions » Interest Coverage

Traded in Other Exchanges

I41:Germany

Address

Jl. Jend Gatot Subroto Kav. 21, Graha Mitra, Lantai 3, Jakarta, IDN, 12930

Website

https://www.indikaenergy.co.id

PT Indika Energy Tbk is an Indonesia-based integrated energy company engaged in exploring, producing, and processing coal. The company and its subsidiaries are principally organized based on energy resources, energy services, energy infrastructure business, and Other portfolio holdings segments. Kideco is the company's core asset in the energy resources sector. The energy services business is operated through Tripatra and Petrosea. Tripatra provides engineering, procurement, and construction services, operations and maintenance, and logistic services. Petrosea provides engineering, construction, and contract mining with total pit-to-port capability. Its energy infrastructure segment includes a 660-megawatt and 1,000-megawatt power generation plant in Cirebon.