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Kim Loong Resources Bhd (XKLS:5027) Interest Coverage : 114.45 (As of Oct. 2023)


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What is Kim Loong Resources 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. Kim Loong Resources Bhd's Operating Income for the three months ended in Oct. 2023 was RM70 Mil. Kim Loong Resources Bhd's Interest Expense for the three months ended in Oct. 2023 was RM-1 Mil. Kim Loong Resources Bhd's interest coverage for the quarter that ended in Oct. 2023 was 114.45. 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. Kim Loong Resources Bhd has enough cash to cover all of its debt. Its financial situation is stable.

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

XKLS:5027' s Interest Coverage Range Over the Past 10 Years
Min: 63.58   Med: 89.78   Max: 125.21
Current: 91.43


XKLS:5027's Interest Coverage is ranked better than
84.99% of 1386 companies
in the Consumer Packaged Goods industry
Industry Median: 8.54 vs XKLS:5027: 91.43

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


Kim Loong Resources Bhd Interest Coverage Historical Data

The historical data trend for Kim Loong Resources 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.

* Premium members only.

Kim Loong Resources Bhd Interest Coverage Chart

Kim Loong Resources Bhd Annual Data
Trend Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 71.66 63.58 125.21 104.18 100.46

Kim Loong Resources Bhd Quarterly Data
Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23
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 84.46 78.71 76.07 97.08 114.45

Competitive Comparison of Kim Loong Resources Bhd's Interest Coverage

For the Farm Products subindustry, Kim Loong Resources 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.


Kim Loong Resources Bhd's Interest Coverage Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Kim Loong Resources Bhd's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Kim Loong Resources Bhd's Interest Coverage falls into.



Kim Loong Resources 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.

Kim Loong Resources Bhd's Interest Coverage for the fiscal year that ended in Jan. 2023 is calculated as

Here, for the fiscal year that ended in Jan. 2023, Kim Loong Resources Bhd's Interest Expense was RM-2 Mil. Its Operating Income was RM241 Mil. And its Long-Term Debt & Capital Lease Obligation was RM45 Mil.

Interest Coverage=-1* Operating Income (A: Jan. 2023 )/Interest Expense (A: Jan. 2023 )
=-1*241.316/-2.402
=100.46

Kim Loong Resources Bhd's Interest Coverage for the quarter that ended in Oct. 2023 is calculated as

Here, for the three months ended in Oct. 2023, Kim Loong Resources Bhd's Interest Expense was RM-1 Mil. Its Operating Income was RM70 Mil. And its Long-Term Debt & Capital Lease Obligation was RM38 Mil.

Interest Coverage=-1* Operating Income (Q: Oct. 2023 )/Interest Expense (Q: Oct. 2023 )
=-1*70.499/-0.616
=114.45

* 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.


Kim Loong Resources Bhd  (XKLS:5027) 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 .


Kim Loong Resources Bhd Interest Coverage Related Terms

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


Kim Loong Resources Bhd (XKLS:5027) Business Description

Traded in Other Exchanges
N/A
Address
19, Jalan Wong Ah Fook, Lot 18.01, 18th Floor, Public Bank Tower, Johor Bahru, JHR, MYS, 80000
Kim Loong Resources Bhd is a Malaysia-based investment holding company. The primary business segments of the group are Plantation operations and Milling operations. Its Plantation segment includes the cultivation of oil palm activity. The milling segment includes the processing and marketing of oil palm products and power generation. The group operates in Malaysia and generates the majority of its revenue from the Milling segment.

Kim Loong Resources Bhd (XKLS:5027) Headlines

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