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Southern Gas Trading JSC (HSTC:PGS) Interest Coverage : 14.79 (As of Sep. 2023)


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What is Southern Gas Trading JSC 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. Southern Gas Trading JSC's Operating Income for the three months ended in Sep. 2023 was ₫34,613 Mil. Southern Gas Trading JSC's Interest Expense for the three months ended in Sep. 2023 was ₫-2,340 Mil. Southern Gas Trading JSC's interest coverage for the quarter that ended in Sep. 2023 was 14.79. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Southern Gas Trading JSC's Interest Coverage or its related term are showing as below:

HSTC:PGS' s Interest Coverage Range Over the Past 10 Years
Min: 3.85   Med: 8.44   Max: 36.09
Current: 9.58


HSTC:PGS's Interest Coverage is ranked better than
58.92% of 757 companies
in the Oil & Gas industry
Industry Median: 6.59 vs HSTC:PGS: 9.58

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


Southern Gas Trading JSC Interest Coverage Historical Data

The historical data trend for Southern Gas Trading JSC'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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Southern Gas Trading JSC Interest Coverage Chart

Southern Gas Trading JSC Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 36.09 23.94 4.98 8.76 14.43

Southern Gas Trading JSC Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 10.43 3.50 11.26 9.70 14.79

Competitive Comparison of Southern Gas Trading JSC's Interest Coverage

For the Oil & Gas Integrated subindustry, Southern Gas Trading JSC'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.


Southern Gas Trading JSC's Interest Coverage Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Southern Gas Trading JSC's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Southern Gas Trading JSC's Interest Coverage falls into.



Southern Gas Trading JSC 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.

Southern Gas Trading JSC's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, Southern Gas Trading JSC's Interest Expense was ₫-8,215 Mil. Its Operating Income was ₫118,541 Mil. And its Long-Term Debt & Capital Lease Obligation was ₫19,169 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2022 )/Interest Expense (A: Dec. 2022 )
=-1*118541.483/-8215.129
=14.43

Southern Gas Trading JSC's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, Southern Gas Trading JSC's Interest Expense was ₫-2,340 Mil. Its Operating Income was ₫34,613 Mil. And its Long-Term Debt & Capital Lease Obligation was ₫24,190 Mil.

Interest Coverage=-1* Operating Income (Q: Sep. 2023 )/Interest Expense (Q: Sep. 2023 )
=-1*34613.185/-2340.271
=14.79

* 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.


Southern Gas Trading JSC  (HSTC:PGS) 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 .


Southern Gas Trading JSC Interest Coverage Related Terms

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


Southern Gas Trading JSC (HSTC:PGS) Business Description

Traded in Other Exchanges
N/A
Address
No 1-5 Le Duan Street, 4th Floor, PetroVietnam Tower, Ben Nghe Ward, District 1, Ho Chi Minh City, VNM
Southern Gas Trading JSC is a Vietnam based company engaged in the trading activity of liquefied petroleum gas (LPG), gas products, materials, equipment and vehicles for LPG's transport, storage, vessels and trading. It offers residential LPG, industrial LPG, LPG cylinders and compressed natural gas. The company also offers services related to the gas industry such as design consultancy, supply of materials and equipment, construction, installation and technology transfer of delivery systems of LPG, CNG and LNG, using tubs, storage and filling stations and LPG cylinders.

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