Kossan Rubber Industries Bhd (XKLS:7153) Interest Coverage : 707.57 (As of Mar. 2024)

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What is Kossan Rubber Industries 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. Kossan Rubber Industries Bhd's Operating Income for the three months ended in Mar. 2024 was RM41 Mil. Kossan Rubber Industries Bhd's Interest Expense for the three months ended in Mar. 2024 was RM-0 Mil. Kossan Rubber Industries Bhd's interest coverage for the quarter that ended in Mar. 2024 was 707.57. 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. Kossan Rubber Industries Bhd has enough cash to cover all of its debt. Its financial situation is stable.

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

XKLS:7153' s Interest Coverage Range Over the Past 10 Years
Min: 13.56 Med: 22.58 Max: 449.72
Current: 69.9

XKLS:7153's Interest Coverage is ranked better than
71.05% of 411 companies
in the Medical Devices & Instruments industry
Industry Median: 17.9 vs XKLS:7153: 69.90

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

Kossan Rubber Industries Bhd Interest Coverage Historical Data

The historical data trend for Kossan Rubber Industries 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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Kossan Rubber Industries Bhd Interest Coverage Chart

Kossan Rubber Industries Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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18.48

96.67

449.72

43.61

20.01

Kossan Rubber Industries 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															-	-	274.50	-	707.57

Competitive Comparison of Kossan Rubber Industries Bhd's Interest Coverage

For the Medical Instruments & Supplies subindustry, Kossan Rubber Industries 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.

Kossan Rubber Industries Bhd's Interest Coverage Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Kossan Rubber Industries Bhd's Interest Coverage falls into.

Kossan Rubber Industries 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.

Kossan Rubber Industries 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, Kossan Rubber Industries Bhd's Interest Expense was RM-1 Mil. Its Operating Income was RM28 Mil. And its Long-Term Debt & Capital Lease Obligation was RM5 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	28.251	/	-1.412
	=	20.01

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

Here, for the three months ended in Mar. 2024, Kossan Rubber Industries Bhd's Interest Expense was RM-0 Mil. Its Operating Income was RM41 Mil. And its Long-Term Debt & Capital Lease Obligation was RM4 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	41.039	/	-0.058
	=	707.57

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

Kossan Rubber Industries Bhd (XKLS:7153) 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 .

Kossan Rubber Industries Bhd Interest Coverage Related Terms

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

Kossan Rubber Industries Bhd (XKLS:7153) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Kossan Rubber Industries Bhd (XKLS:7153) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 782, Jalan Sungai Putus, Wisma Kossan, Off Batu 3 ¾ Jalan Kapar, Klang, SGR, MYS, 42100

Website

https://www.kossan.com.my

Kossan Rubber Industries Bhd manufactures industrial rubber products and disposable latex gloves. The firm has three primary businesses: Technical Rubber Products, Gloves, Cleanroom Products, and Others. The Gloves segment generates the majority of revenue. The Technical Rubber Products business manufactures and distributes high technical input rubber products. The Gloves business manufactures medical-grade examination gloves and specialty gloves for healthcare and industrial applications. The Cleanroom Products business sells rubber products that can be used in cleanrooms. The majority of Kossan Rubber's revenue is generated through exports outside of Malaysia.

Kossan Rubber Industries Bhd (XKLS:7153) Headlines

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