Singapore Shipping (SGX:S19) Interest Coverage : 8.56 (As of Sep. 2023)

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What is Singapore Shipping 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. Singapore Shipping's Operating Income for the six months ended in Sep. 2023 was S$6.49 Mil. Singapore Shipping's Interest Expense for the six months ended in Sep. 2023 was S$-0.76 Mil. Singapore Shipping's interest coverage for the quarter that ended in Sep. 2023 was 8.56. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Singapore Shipping's Interest Coverage or its related term are showing as below:

SGX:S19' s Interest Coverage Range Over the Past 10 Years
Min: 3.96 Med: 6.08 Max: 12.16
Current: 8.6

SGX:S19's Interest Coverage is ranked better than
62.71% of 818 companies
in the Transportation industry
Industry Median: 5.395 vs SGX:S19: 8.60

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

Singapore Shipping Interest Coverage Historical Data

The historical data trend for Singapore Shipping'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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Singapore Shipping Interest Coverage Chart

Singapore Shipping Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

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5.53

5.71

6.44

7.65

8.42

Singapore Shipping Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Coverage	Get a 7-Day Free Trial															7.94	7.34	8.21	8.64	8.56

Competitive Comparison of Singapore Shipping's Interest Coverage

For the Marine Shipping subindustry, Singapore Shipping'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.

Singapore Shipping's Interest Coverage Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Singapore Shipping's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Singapore Shipping's Interest Coverage falls into.

Singapore Shipping 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.

Singapore Shipping's Interest Coverage for the fiscal year that ended in Mar. 2023 is calculated as

Here, for the fiscal year that ended in Mar. 2023, Singapore Shipping's Interest Expense was S$-1.67 Mil. Its Operating Income was S$14.05 Mil. And its Long-Term Debt & Capital Lease Obligation was S$39.20 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	14.046	/	-1.669
	=	8.42

Singapore Shipping's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the six months ended in Sep. 2023, Singapore Shipping's Interest Expense was S$-0.76 Mil. Its Operating Income was S$6.49 Mil. And its Long-Term Debt & Capital Lease Obligation was S$36.21 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	6.49	/	-0.758
	=	8.56

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

Singapore Shipping (SGX:S19) 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 .

Singapore Shipping Interest Coverage Related Terms

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

Singapore Shipping (SGX:S19) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Singapore Shipping Corp Ltd (SGX:S19) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

W1M:Germany

Address

200 Cantonment Road, No. 09-01 Southpoint, Singapore, SGP, 089763

Website

http://www.singaporeshipping.com.sg

Singapore Shipping Corp Ltd is a shipping company. It operates in two segments: Ship owning segment which includes ship owning and ship management, and Agency and logistics segment that includes shipping agency, terminal operations, warehousing, and logistics services. The company generates most of the revenue from the Ship owning segment. Further, it also operates in geographical segments like Japan, Singapore, and other countries. It generates most of its revenues from Japan.

Singapore Shipping (SGX:S19) Headlines

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