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Genting Singapore (Genting Singapore) Interest Coverage : 0 (At Loss) (As of Dec. 2023)


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What is Genting Singapore 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. Genting Singapore's Operating Income for the six months ended in Dec. 2023 was $265 Mil. Genting Singapore's Interest Expense for the six months ended in Dec. 2023 was $0 Mil. did not have earnings to cover the interest expense. 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. Genting Singapore Ltd has enough cash to cover all of its debt. Its financial situation is stable.

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

GIGNY' s Interest Coverage Range Over the Past 10 Years
Min: 14.18   Med: 36.26   Max: 6291.59
Current: 6291.59


GIGNY's Interest Coverage is ranked better than
94.37% of 604 companies
in the Travel & Leisure industry
Industry Median: 5.15 vs GIGNY: 6291.59

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


Genting Singapore Interest Coverage Historical Data

The historical data trend for Genting Singapore'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.

Genting Singapore Interest Coverage Chart

Genting Singapore Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 75.55 24.48 96.58 304.76 6,276.71

Genting Singapore Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 281.74 70.38 - 617.33 -

Competitive Comparison of Genting Singapore's Interest Coverage

For the Resorts & Casinos subindustry, Genting Singapore'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.


Genting Singapore's Interest Coverage Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Genting Singapore's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Genting Singapore's Interest Coverage falls into.



Genting Singapore 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.

Genting Singapore'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, Genting Singapore's Interest Expense was $-0 Mil. Its Operating Income was $477 Mil. And its Long-Term Debt & Capital Lease Obligation was $1 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*477.03/-0.076
=6,276.71

Genting Singapore's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Genting Singapore's Interest Expense was $0 Mil. Its Operating Income was $265 Mil. And its Long-Term Debt & Capital Lease Obligation was $1 Mil.

* 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.


Genting Singapore  (OTCPK:GIGNY) 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 .


Genting Singapore Interest Coverage Related Terms

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


Genting Singapore (Genting Singapore) Business Description

Traded in Other Exchanges
Address
10 Sentosa Gateway, Resorts World Sentosa, Singapore, SGP, 098270
Genting Singapore is engaged in the development and operation of integrated resort destinations, including gaming, hospitality, meetings, and leisure and entertainment facilities. It owns Resorts World Sentosa in Singapore, one of the leading integrated resort destinations in Asia, which offers a casino, Adventure Cove Waterpark, S.E.A. Aquarium, Universal Studios Singapore theme park, facilities for meetings, incentives, conventions, and exhibitions, hotels, Michelin-starred restaurants, and specialty retail outlets.

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