Mikro MSC Bhd (XKLS:0112) Interest Coverage : 365.66 (As of Dec. 2023)

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What is Mikro MSC Bhd 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. Mikro MSC Bhd's Operating Income for the three months ended in Dec. 2023 was RM24.87 Mil. Mikro MSC Bhd's Interest Expense for the three months ended in Dec. 2023 was RM-0.07 Mil. Mikro MSC Bhd's interest coverage for the quarter that ended in Dec. 2023 was 365.66. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Mikro MSC Bhd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Mikro MSC Bhd's Interest Coverage or its related term are showing as below:

XKLS:0112' s Interest Coverage Range Over the Past 10 Years
Min: 57.2 Med: 165.28 Max: 485.9
Current: 162.42

XKLS:0112's Interest Coverage is ranked better than
85.39% of 2300 companies
in the Industrial Products industry
Industry Median: 13.505 vs XKLS:0112: 162.42

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

Mikro MSC Bhd Interest Coverage Historical Data

The historical data trend for Mikro MSC Bhd'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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Mikro MSC Bhd Interest Coverage Chart

Mikro MSC Bhd Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Coverage

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95.18

76.22

171.58

144.64

57.20

Mikro MSC Bhd 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															52.00	-	-	6.34	365.66

Competitive Comparison of Mikro MSC Bhd's Interest Coverage

For the Electrical Equipment & Parts subindustry, Mikro MSC Bhd'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.

Mikro MSC Bhd's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mikro MSC Bhd's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Mikro MSC Bhd's Interest Coverage falls into.

Mikro MSC Bhd 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.

Mikro MSC Bhd's Interest Coverage for the fiscal year that ended in Jun. 2023 is calculated as

Here, for the fiscal year that ended in Jun. 2023, Mikro MSC Bhd's Interest Expense was RM-0.10 Mil. Its Operating Income was RM5.66 Mil. And its Long-Term Debt & Capital Lease Obligation was RM8.13 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Jun. 2023 )	/	Interest Expense (A: Jun. 2023 )
	=	-1	*	5.663	/	-0.099
	=	57.20

Mikro MSC Bhd's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Mikro MSC Bhd's Interest Expense was RM-0.07 Mil. Its Operating Income was RM24.87 Mil. And its Long-Term Debt & Capital Lease Obligation was RM7.80 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	24.865	/	-0.068
	=	365.66

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

Mikro MSC Bhd (XKLS:0112) 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 .

Mikro MSC Bhd Interest Coverage Related Terms

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

Mikro MSC Bhd (XKLS:0112) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mikro MSC Bhd (XKLS:0112) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3, Jalan Anggerik Mokara, 31/48 Seksyen 31, Kota Kemuning, Shah Alam, SGR, MYS, 40460

Website

http://www.itmikro.com

Mikro MSC Bhd is engaged in the research, development, and design of analogue, digital and computer-controlled electronic systems or devices for use in electrical, electronic and other industries and provision of technical and maintenance services. The company offers products and services, including combined overcurrent and earth fault relays; overcurrent relays; earth fault relays; earth leakage relays; earth leakage system; metering solutions; voltage relays; reverse power relay; power factor regulator; annunciator; motor protection relay, and capacitor and reactor. Geographically, it derives a majority of revenue from Malaysia.

Mikro MSC Bhd (XKLS:0112) Headlines

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