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Southern Cable Group Bhd (XKLS:0225) Interest Coverage : 9.40 (As of Mar. 2024)


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What is Southern Cable Group 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. Southern Cable Group Bhd's Operating Income for the three months ended in Mar. 2024 was RM19 Mil. Southern Cable Group Bhd's Interest Expense for the three months ended in Mar. 2024 was RM-2 Mil. Southern Cable Group Bhd's interest coverage for the quarter that ended in Mar. 2024 was 9.40. The higher the ratio, the stronger the company's financial strength is.

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

XKLS:0225' s Interest Coverage Range Over the Past 10 Years
Min: 3.06   Med: 4.05   Max: 6.34
Current: 6.34


XKLS:0225's Interest Coverage is ranked worse than
67.36% of 2292 companies
in the Industrial Products industry
Industry Median: 13.675 vs XKLS:0225: 6.34

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


Southern Cable Group Bhd Interest Coverage Historical Data

The historical data trend for Southern Cable Group 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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Southern Cable Group Bhd Interest Coverage Chart

Southern Cable Group Bhd Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial 5.90 5.41 3.06 3.29 4.70

Southern Cable Group Bhd Quarterly Data
Dec17 Dec18 Jun19 Dec19 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 2.84 3.22 4.45 8.87 9.40

Competitive Comparison of Southern Cable Group Bhd's Interest Coverage

For the Electrical Equipment & Parts subindustry, Southern Cable Group 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.


Southern Cable Group Bhd's Interest Coverage Distribution in the Industrial Products Industry

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

* The bar in red indicates where Southern Cable Group Bhd's Interest Coverage falls into.



Southern Cable Group 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.

Southern Cable Group Bhd'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, Southern Cable Group Bhd's Interest Expense was RM-9 Mil. Its Operating Income was RM44 Mil. And its Long-Term Debt & Capital Lease Obligation was RM10 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*44.417/-9.455
=4.70

Southern Cable Group Bhd's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Southern Cable Group Bhd's Interest Expense was RM-2 Mil. Its Operating Income was RM19 Mil. And its Long-Term Debt & Capital Lease Obligation was RM9 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*18.573/-1.976
=9.40

* 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.


Southern Cable Group Bhd  (XKLS:0225) 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 .


Southern Cable Group Bhd Interest Coverage Related Terms

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


Southern Cable Group Bhd (XKLS:0225) Business Description

Traded in Other Exchanges
N/A
Address
Lot 42, Jalan Merbau Pulas, Kawasan Perusahaan Kuala Ketil, Kuala Ketil, KDH, MYS, 09300
Southern Cable Group Bhd is a manufacturer of cables and wires. The company's portfolio includes cables and wires used for power distribution and transmission, communications, as well as control and instrumentation applications. The operating segment of the company are Power cables and wires, Communications cables and wires, Control and instrumentation cables and wires and Related products and services. Power cables and wires segment include power cables and wires which are used in electrical systems for the distribution of power. The majority of company's revenue is generated from Power cables and wires segment.

Southern Cable Group Bhd (XKLS:0225) Headlines

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