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Iconic Worldwide Bhd (XKLS:9113) Interest Coverage : 0 (At Loss) (As of Dec. 2023)


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What is Iconic Worldwide 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. Iconic Worldwide Bhd's Operating Income for the three months ended in Dec. 2023 was RM-3.96 Mil. Iconic Worldwide Bhd's Interest Expense for the three months ended in Dec. 2023 was RM-1.38 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

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


XKLS:9113'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.


Iconic Worldwide Bhd Interest Coverage Historical Data

The historical data trend for Iconic Worldwide 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.

Iconic Worldwide Bhd Interest Coverage Chart

Iconic Worldwide Bhd Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 22.79 7.07 -

Iconic Worldwide 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 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 - - - - -

Competitive Comparison of Iconic Worldwide Bhd's Interest Coverage

For the Medical Instruments & Supplies subindustry, Iconic Worldwide 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.


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

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

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



Iconic Worldwide 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.

Iconic Worldwide Bhd's Interest Coverage for the fiscal year that ended in Mar. 2023 is calculated as

Here, for the fiscal year that ended in Mar. 2023, Iconic Worldwide Bhd's Interest Expense was RM-4.92 Mil. Its Operating Income was RM-24.79 Mil. And its Long-Term Debt & Capital Lease Obligation was RM85.43 Mil.

Iconic Worldwide Bhd did not have earnings to cover the interest expense.

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

Here, for the three months ended in Dec. 2023, Iconic Worldwide Bhd's Interest Expense was RM-1.38 Mil. Its Operating Income was RM-3.96 Mil. And its Long-Term Debt & Capital Lease Obligation was RM76.25 Mil.

Iconic Worldwide Bhd did not have earnings to cover the interest expense.

* 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.


Iconic Worldwide Bhd  (XKLS:9113) 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 .


Iconic Worldwide Bhd Interest Coverage Related Terms

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


Iconic Worldwide Bhd (XKLS:9113) Business Description

Traded in Other Exchanges
N/A
Address
No 1-2, Jalan Icon City, Icon City, Bukit Mertajam, PNG, MYS, 14000
Iconic Worldwide Bhd is an investment holding company. The company is involved in tourism and property businesses. The company is organized into the following reportable segments: Property development including construction and sale of commercial properties which generates maximum revenue for the company; Manufacturing segment involved in the manufacturing of personal protective equipment, mainly disposable face masks and gloves; Tourism services engaged in the provision of tours and ticketing services, transportation services, hospitality services and trading of souvenirs, and other tourism-related products; and Others segment comprises investment holding, trading, warehousing, mobile crane services, timber log trading, sawmilling and manufacturing of downstream timber products.

Iconic Worldwide Bhd (XKLS:9113) Headlines

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