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BW Epic Kosan (OSL:BWEK) Interest Coverage : 3.01 (As of Jun. 2023)


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What is BW Epic Kosan 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. BW Epic Kosan's Operating Income for the three months ended in Jun. 2023 was kr184 Mil. BW Epic Kosan's Interest Expense for the three months ended in Jun. 2023 was kr-61 Mil. BW Epic Kosan's interest coverage for the quarter that ended in Jun. 2023 was 3.01. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for BW Epic Kosan's Interest Coverage or its related term are showing as below:

OSL:BWEK' s Interest Coverage Range Over the Past 10 Years
Min: 0.15   Med: 0.8   Max: 2.94
Current: 2.94


OSL:BWEK's Interest Coverage is not ranked
in the Transportation industry.
Industry Median: 5.41 vs OSL:BWEK: 2.94

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


BW Epic Kosan Interest Coverage Historical Data

The historical data trend for BW Epic Kosan'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.

BW Epic Kosan Interest Coverage Chart

BW Epic Kosan Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.83 0.77 1.72 2.12 2.40

BW Epic Kosan Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
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 1.70 2.86 2.12 3.60 3.01

Competitive Comparison of BW Epic Kosan's Interest Coverage

For the Marine Shipping subindustry, BW Epic Kosan'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.


BW Epic Kosan's Interest Coverage Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, BW Epic Kosan's Interest Coverage distribution charts can be found below:

* The bar in red indicates where BW Epic Kosan's Interest Coverage falls into.



BW Epic Kosan 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.

BW Epic Kosan'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, BW Epic Kosan's Interest Expense was kr-182 Mil. Its Operating Income was kr436 Mil. And its Long-Term Debt & Capital Lease Obligation was kr3,508 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2022 )/Interest Expense (A: Dec. 2022 )
=-1*435.762/-181.932
=2.40

BW Epic Kosan's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Here, for the three months ended in Jun. 2023, BW Epic Kosan's Interest Expense was kr-61 Mil. Its Operating Income was kr184 Mil. And its Long-Term Debt & Capital Lease Obligation was kr3,525 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2023 )/Interest Expense (Q: Jun. 2023 )
=-1*184.089/-61.205
=3.01

* 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.


BW Epic Kosan  (OSL:BWEK) 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 .


BW Epic Kosan Interest Coverage Related Terms

Thank you for viewing the detailed overview of BW Epic Kosan's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


BW Epic Kosan (OSL:BWEK) Business Description

Traded in Other Exchanges
N/A
Address
10 Pasir Panjang Road, No. 17-01, Mapletree Business City, Singapore, SGP, 117438
BW Epic Kosan Ltd is engaged in the oil and gas industry. The company owns and operates a fleet of pressurized gas carriers providing seaborne services for the transportation of liquefied petroleum gas and petrochemicals. The vessels serve several oil majors and commodity trading houses throughout Southeast Asia, Europe, West Africa, and the United States of America.

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