Topmix Bhd (XKLS:0302) Interest Coverage : N/A (As of Sep. 2023)

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What is Topmix 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. Topmix Bhd's Operating Income for the three months ended in Sep. 2023 was RM0.00 Mil. Topmix Bhd's Interest Expense for the three months ended in Sep. 2023 was RM0.00 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.

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

XKLS:0302' s Interest Coverage Range Over the Past 10 Years
Min: 7.93 Med: 8.38 Max: 13.02
Current: 13.02

XKLS:0302's Interest Coverage is ranked better than
56.87% of 320 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 8.89 vs XKLS:0302: 13.02

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

Topmix Bhd Interest Coverage Historical Data

The historical data trend for Topmix 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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Topmix Bhd Interest Coverage Chart

Topmix Bhd Annual Data

Trend

Dec20

Dec21

Dec22

Interest Coverage

7.93

8.38

10.37

Topmix Bhd Quarterly Data
	Dec20	Dec21	Sep22	Dec22	Sep23
Interest Coverage	N/A	N/A	No Debt	13.02	N/A

Competitive Comparison of Topmix Bhd's Interest Coverage

For the Furnishings, Fixtures & Appliances subindustry, Topmix 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.

Topmix Bhd's Interest Coverage Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Topmix Bhd's Interest Coverage distribution charts can be found below:

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

Topmix 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.

Topmix Bhd'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, Topmix Bhd's Interest Expense was RM-1.24 Mil. Its Operating Income was RM12.86 Mil. And its Long-Term Debt & Capital Lease Obligation was RM20.65 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2022 )	/	Interest Expense (A: Dec. 2022 )
	=	-1	*	12.864	/	-1.24
	=	10.37

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

Here, for the three months ended in Sep. 2023, Topmix Bhd's Interest Expense was RM0.00 Mil. Its Operating Income was RM0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was RM20.00 Mil.

GuruFocus does not calculate Topmix Bhd's interest coverage with the available data.

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

Topmix Bhd (XKLS:0302) 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 .

Topmix Bhd Interest Coverage Related Terms

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

Topmix Bhd (XKLS:0302) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Topmix Bhd (XKLS:0302) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 & 10, Jalan Bistari 11, Taman Industri Jaya, Skudai, JHR, MYS, 81300

Website

https://www.topmixhpl.com

Topmix Bhd is involved in the marketing and sales of its own brands of surface decorative products. It also undertakes the design of surface decorative products internally as well as in collaboration with third-party decor paper suppliers. The company's surface decorative products mainly comprise HPL products. It also markets and sells compact panels, PVC edging, wall panels, decorative boards, and PVC plywood. Its surface decorative products are used in a variety of commercial and residential interior surface applications, including wall panels, countertops, table tops, furniture as well as fixtures and displays. It also offers consultation and installation works for compact panel products, in selected instances based on the requirements of its customers, comprising interior designers.

Topmix Bhd (XKLS:0302) Headlines

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