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PT Malindo Feedmill Tbk (ISX:MAIN) Interest Coverage : 6.01 (As of Mar. 2024)


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What is PT Malindo Feedmill 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 Malindo Feedmill Tbk's Operating Income for the three months ended in Mar. 2024 was Rp230,318 Mil. PT Malindo Feedmill Tbk's Interest Expense for the three months ended in Mar. 2024 was Rp-38,345 Mil. PT Malindo Feedmill Tbk's interest coverage for the quarter that ended in Mar. 2024 was 6.01. The higher the ratio, the stronger the company's financial strength is.

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

ISX:MAIN' s Interest Coverage Range Over the Past 10 Years
Min: 0.21   Med: 1.36   Max: 4.26
Current: 4.26


ISX:MAIN's Interest Coverage is ranked worse than
65.44% of 1383 companies
in the Consumer Packaged Goods industry
Industry Median: 8.52 vs ISX:MAIN: 4.26

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 Malindo Feedmill Tbk Interest Coverage Historical Data

The historical data trend for PT Malindo Feedmill 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 Malindo Feedmill Tbk Interest Coverage Chart

PT Malindo Feedmill 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 2.19 1.18 0.64 1.14 2.20

PT Malindo Feedmill 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 - 2.68 5.17 2.94 6.01

Competitive Comparison of PT Malindo Feedmill Tbk's Interest Coverage

For the Packaged Foods subindustry, PT Malindo Feedmill 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 Malindo Feedmill Tbk's Interest Coverage Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Malindo Feedmill Tbk's Interest Coverage distribution charts can be found below:

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



PT Malindo Feedmill 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 Malindo Feedmill 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 Malindo Feedmill Tbk's Interest Expense was Rp-167,916 Mil. Its Operating Income was Rp369,574 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp517,409 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*369573.977/-167915.557
=2.20

PT Malindo Feedmill 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 Malindo Feedmill Tbk's Interest Expense was Rp-38,345 Mil. Its Operating Income was Rp230,318 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp485,685 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*230318.18/-38344.734
=6.01

* 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 Malindo Feedmill Tbk  (ISX:MAIN) 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 Malindo Feedmill Tbk Interest Coverage Related Terms

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PT Malindo Feedmill Tbk (ISX:MAIN) Business Description

Traded in Other Exchanges
N/A
Address
Jalan RS. Fatmawati No. 15, Komplek Golden Plaza Blok G No.17-22, Jakarta Selatan, Jakarta, IDN, 12420
PT Malindo Feedmill Tbk is an Indonesia-based company engaged in the poultry feeds industry and day-old chicken farm. The company's chief business segments are the Feedmill segment, the Breeder segment, the Broiler segment, and the Food Processing segment. It generates the majority of the revenue from the Feedmill segment in which the company produces animal feed such as breeder feed, chicken broiler feed, chicken layer feed, swine feed, and other animal feed products. The company produces and markets Parent Stock and Day Old Chick in the Chicken breeding segment.