Edelteq Holdings Bhd (XKLS:0278) Interest Coverage : 0 (At Loss) (As of Dec. 2023)

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What is Edelteq Holdings 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. Edelteq Holdings Bhd's Operating Income for the three months ended in Dec. 2023 was RM-0.08 Mil. Edelteq Holdings Bhd's Interest Expense for the three months ended in Dec. 2023 was RM-0.06 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

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

XKLS:0278' s Interest Coverage Range Over the Past 10 Years
Min: 5.13 Med: 34.63 Max: 52.68
Current: 9.2

XKLS:0278's Interest Coverage is ranked worse than
63.5% of 622 companies
in the Semiconductors industry
Industry Median: 20.52 vs XKLS:0278: 9.20

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

Edelteq Holdings Bhd Interest Coverage Historical Data

The historical data trend for Edelteq Holdings 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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Edelteq Holdings Bhd Interest Coverage Chart

Edelteq Holdings Bhd Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

5.13

34.63

52.68

36.98

27.15

Edelteq Holdings Bhd Quarterly Data
	Dec19	Dec20	Dec21	Dec22	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial			N/A	N/A	10.44	21.34	-

Competitive Comparison of Edelteq Holdings Bhd's Interest Coverage

For the Semiconductors subindustry, Edelteq Holdings 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.

Edelteq Holdings Bhd's Interest Coverage Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Edelteq Holdings Bhd's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Edelteq Holdings Bhd's Interest Coverage falls into.

Edelteq Holdings 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.

Edelteq Holdings 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, Edelteq Holdings Bhd's Interest Expense was RM-0.19 Mil. Its Operating Income was RM5.16 Mil. And its Long-Term Debt & Capital Lease Obligation was RM3.25 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	5.159	/	-0.19
	=	27.15

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

Here, for the three months ended in Dec. 2023, Edelteq Holdings Bhd's Interest Expense was RM-0.06 Mil. Its Operating Income was RM-0.08 Mil. And its Long-Term Debt & Capital Lease Obligation was RM3.25 Mil.

Edelteq Holdings Bhd did not have earnings to cover the interest expense.

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

Edelteq Holdings Bhd (XKLS:0278) 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 .

Edelteq Holdings Bhd Interest Coverage Related Terms

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

Edelteq Holdings Bhd (XKLS:0278) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Edelteq Holdings Bhd (XKLS:0278) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lorong Impian Ria 4, No. 20, 1st Floor, Taman Impian Ria, Bukit Mertajam, PNG, MYS, 14000

Website

https://www.edelteq.com

Edelteq Holdings Bhd is an investment holding company and through our Subsidiaries, we are principally involved in the provision of engineering support for IC assembly and test processes in the semiconductor industry. The company is a leading semiconductor manufacturing solutions provider. It offers a wide range of products and services for semiconductor packaging, inspection, and testing processes. It operates in four reportable segments: design and assembly of IC burn-in boards and supply of PCBs; supply and refurbishment of IC assembly and test consumables; design, development, and assembly of ATE and factory automation; and trading of operating supplies, spare parts, and tools for IC assembly and testing.

Edelteq Holdings Bhd (XKLS:0278) Headlines

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