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Supermax Bhd (XKLS:7106) Interest Coverage : 3.36 (As of Mar. 2024)


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What is Supermax 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. Supermax Bhd's Operating Income for the three months ended in Mar. 2024 was RM3.9 Mil. Supermax Bhd's Interest Expense for the three months ended in Mar. 2024 was RM-1.2 Mil. Supermax Bhd's interest coverage for the quarter that ended in Mar. 2024 was 3.36. The higher the ratio, the stronger the company's financial strength is.

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


XKLS:7106's Interest Coverage is not ranked *
in the Medical Devices & Instruments industry.
Industry Median: 17.9
* Ranked among companies with meaningful Interest Coverage only.

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


Supermax Bhd Interest Coverage Historical Data

The historical data trend for Supermax 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.

Supermax Bhd Interest Coverage Chart

Supermax Bhd Annual Data
Trend Dec13 Dec14 Dec15 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.47 40.52 618.15 199.85 -

Supermax Bhd Quarterly Data
Jun19 Sep19 Dec19 Mar20 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 - 8.13 13.67 - 3.36

Competitive Comparison of Supermax Bhd's Interest Coverage

For the Medical Instruments & Supplies subindustry, Supermax 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.


Supermax Bhd's Interest Coverage Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Supermax Bhd's Interest Coverage distribution charts can be found below:

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



Supermax 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.

Supermax 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, Supermax Bhd's Interest Expense was RM-7.2 Mil. Its Operating Income was RM-141.9 Mil. And its Long-Term Debt & Capital Lease Obligation was RM18.7 Mil.

Supermax Bhd did not have earnings to cover the interest expense.

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

Here, for the three months ended in Mar. 2024, Supermax Bhd's Interest Expense was RM-1.2 Mil. Its Operating Income was RM3.9 Mil. And its Long-Term Debt & Capital Lease Obligation was RM18.4 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*3.93/-1.17
=3.36

* 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.


Supermax Bhd  (XKLS:7106) 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 .


Supermax Bhd Interest Coverage Related Terms

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


Supermax Bhd (XKLS:7106) Business Description

Traded in Other Exchanges
N/A
Address
Lot 38, Putra Industrial Park, Bukit Rahman Putra, Petaling Jaya, SGR, MYS, 40160
Supermax Corp Bhd is an investment holding company. The company is an international manufacturer, distributor, and marketer of high-quality medical gloves and contact lenses. It offers various types of latex gloves, which are exported to over 155 countries around the world. The company is organized into the following operating segments, Investment Holding, Manufacturing of Gloves, Trading of Gloves and Others. It has operational footprints across America, Europe and Asia. The company's largest end market by revenue is in North, Central and South America. The company generates maximum revenue from the Trading of Gloves segment.

Supermax Bhd (XKLS:7106) Headlines

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