Boustead Singapore (SGX:F9D) Interest Coverage : 55.62 (As of Sep. 2023)

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What is Boustead 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. Boustead Singapore's Operating Income for the six months ended in Sep. 2023 was S$41.4 Mil. Boustead Singapore's Interest Expense for the six months ended in Sep. 2023 was S$-0.7 Mil. Boustead Singapore's interest coverage for the quarter that ended in Sep. 2023 was 55.62. The higher the ratio, the stronger the company's financial strength is.

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

SGX:F9D' s Interest Coverage Range Over the Past 10 Years
Min: 12.64 Med: 18.47 Max: 95.69
Current: 26.07

SGX:F9D's Interest Coverage is ranked better than
75.57% of 397 companies
in the Conglomerates industry
Industry Median: 5.12 vs SGX:F9D: 26.07

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

Boustead Singapore Interest Coverage Historical Data

The historical data trend for Boustead 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.

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Boustead Singapore Interest Coverage Chart

Boustead Singapore Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

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21.53

12.64

16.84

17.28

15.22

Boustead Singapore Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Coverage	Get a 7-Day Free Trial															28.96	6.62	16.72	14.19	55.62

Competitive Comparison of Boustead Singapore's Interest Coverage

For the Conglomerates subindustry, Boustead 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.

Boustead Singapore's Interest Coverage Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Boustead Singapore's Interest Coverage distribution charts can be found below:

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

Boustead 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.

Boustead Singapore'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, Boustead Singapore's Interest Expense was S$-3.1 Mil. Its Operating Income was S$47.6 Mil. And its Long-Term Debt & Capital Lease Obligation was S$44.1 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	47.623	/	-3.128
	=	15.22

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

Here, for the six months ended in Sep. 2023, Boustead Singapore's Interest Expense was S$-0.7 Mil. Its Operating Income was S$41.4 Mil. And its Long-Term Debt & Capital Lease Obligation was S$80.9 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	41.381	/	-0.744
	=	55.62

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

Boustead Singapore (SGX:F9D) 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 .

Boustead Singapore Interest Coverage Related Terms

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

Boustead Singapore (SGX:F9D) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Boustead Singapore Ltd (SGX:F9D) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

82 Ubi Avenue 4, No. 08-01 Edward Boustead Centre, Singapore, SGP, 408832

Website

https://www.boustead.sg

Boustead Singapore Ltd is an investment holding company that engages in infrastructure-related engineering services and geo-spatial solutions. It operates in four segments. The Energy Engineering segment relates to the design, engineering, and supply of systems to the oil and gas, petrochemical, and solid waste energy recovery sectors. The real estate segment relates to the provision of design-and-build expertise for industrial facilities, along with design-and-building-and-lease arrangements for industrial facilities. The geospatial segment specializes in Esri geographic information systems and location intelligence solutions and the Healthcare segment. Its geographical segments include Singapore, Asia Pacific, Australia, North and South America, Europe, and the Middle East.

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