Kawan Food Bhd (XKLS:7216) Interest Coverage : 275.68 (As of Dec. 2023)

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What is Kawan Food 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. Kawan Food Bhd's Operating Income for the three months ended in Dec. 2023 was RM10.2 Mil. Kawan Food Bhd's Interest Expense for the three months ended in Dec. 2023 was RM-0.0 Mil. Kawan Food Bhd's interest coverage for the quarter that ended in Dec. 2023 was 275.68. 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. Kawan Food Bhd has enough cash to cover all of its debt. Its financial situation is stable.

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

XKLS:7216' s Interest Coverage Range Over the Past 10 Years
Min: 12.54 Med: 66.55 Max: 170.6
Current: 119.49

XKLS:7216's Interest Coverage is ranked better than
86.76% of 1375 companies
in the Consumer Packaged Goods industry
Industry Median: 8.77 vs XKLS:7216: 119.49

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

Kawan Food Bhd Interest Coverage Historical Data

The historical data trend for Kawan Food 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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Kawan Food Bhd Interest Coverage Chart

Kawan Food Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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12.54

34.09

47.78

170.60

119.49

Kawan Food Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															-	116.72	8.63	157.05	275.68

Competitive Comparison of Kawan Food Bhd's Interest Coverage

For the Packaged Foods subindustry, Kawan Food 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.

Kawan Food Bhd's Interest Coverage Distribution in the Consumer Packaged Goods Industry

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

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

Kawan Food 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.

Kawan Food 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, Kawan Food Bhd's Interest Expense was RM-0.2 Mil. Its Operating Income was RM24.9 Mil. And its Long-Term Debt & Capital Lease Obligation was RM0.0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	24.854	/	-0.208
	=	119.49

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

Here, for the three months ended in Dec. 2023, Kawan Food Bhd's Interest Expense was RM-0.0 Mil. Its Operating Income was RM10.2 Mil. And its Long-Term Debt & Capital Lease Obligation was RM0.0 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	10.2	/	-0.037
	=	275.68

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

Kawan Food Bhd (XKLS:7216) 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 .

Kawan Food Bhd Interest Coverage Related Terms

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

Kawan Food Bhd (XKLS:7216) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Kawan Food Bhd (XKLS:7216) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 129351, Jalan Sungai Pinang 4/19, Selangor Halal Hub, Fasa 2C, Taman Perindustrian Pulau Indah, Pulau Indah, SGR, MYS, 42920

Website

https://www.kawanfood.com

Kawan Food Bhd is an investment holding company principally engaged in the business of manufacturing and selling frozen food products. The product portfolio includes Bakery, Bun, Chapatti, Dessert, Finger Food, Frozen Vegetable, Paratha and Spring Roll Pastry and others. The company produce and sell food under the brands of Kawan, KG Pastry, Veat, PassionBake and Aman, of which Kawan remains its key brand. The group is also involved in the other businesses of investment property and rental of trucks; food truck operator and others. Its geographical segments include Malaysia, North America, Rest of Asia, Europe, Oceania, and Africa.

Kawan Food Bhd (XKLS:7216) Headlines

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