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CBL International (CBL International) Interest Coverage : 0.90 (As of Dec. 2023)


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What is CBL International 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. CBL International's Operating Income for the six months ended in Dec. 2023 was $0.2 Mil. CBL International's Interest Expense for the six months ended in Dec. 2023 was $-0.2 Mil. CBL International's interest coverage for the quarter that ended in Dec. 2023 was 0.90. The higher the ratio, the stronger the company's financial strength is.

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

BANL' s Interest Coverage Range Over the Past 10 Years
Min: 5.5   Med: 714.25   Max: 3452
Current: 5.5

BANL's Interest Coverage is ranked worse than
54.62% of 758 companies
in the Oil & Gas industry
Industry Median: 6.575 vs BANL: 5.50

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

CBL International Interest Coverage Historical Data

The historical data trend for CBL International'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.

CBL International Interest Coverage Chart

CBL International Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Interest Coverage
3,452.00 1,410.33 18.17 5.50

CBL International Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Interest Coverage Get a 7-Day Free Trial 2,497.00 13.00 22.47 12.78 0.90

Competitive Comparison of CBL International's Interest Coverage

For the Oil & Gas Midstream subindustry, CBL International'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.

CBL International's Interest Coverage Distribution in the Oil & Gas Industry

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

* The bar in red indicates where CBL International's Interest Coverage falls into.


CBL International 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.

CBL International'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, CBL International's Interest Expense was $-0.3 Mil. Its Operating Income was $1.7 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.2 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*1.662/-0.302
=5.50

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

Here, for the six months ended in Dec. 2023, CBL International's Interest Expense was $-0.2 Mil. Its Operating Income was $0.2 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.2 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*0.167/-0.185
=0.90

* 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.

CBL International  (NAS:BANL) 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 .

CBL International Interest Coverage Related Terms

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

CBL International (CBL International) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CBL International Ltd (NAS:BANL) » Definitions » Interest Coverage
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Traded in Other Exchanges
N/A
Address
No. 19 Jalan Pinang, Suite 19-9-6, Level 9, UOA Centre, Kuala Lumpur, SGR, MYS, 50450
Website
https://www.banle-intl.com
CBL International ltd is a marine fuel logistics company providing a one-stop solution for vessel refueling. It purchases marine fuel from its suppliers and arranges for its suppliers to actually deliver marine fuel to its customers. The company derives a majority of its revenue from China followed by Hong Kong and Malaysia.
Executives
Logeswaran Ramasamy director 95 JALAN TAMING INDAH 2, TAMAN TAMING INDAH, BANDAR SUNGAI LONG, 43000 KAJANG N8 68100
Kam Choy Ho director, 10 percent owner FLAT 2, 22/F, BLOCK 46, HENG FA CHUEN, CHAI WAN K3 0000
Ulf Lothar Naujeck director NYSWANDERWEG 13, HAMBURG 2M 22523
Chiu Sing Chung Raymond officer: Chief Financial Officer ROOM 2101, 21/F, PRINCESS MANSION, 165 KING'S ROAD, NORTH POINT K3 0000
Cbl (asia) Ltd 10 percent owner ROOM 1213, 12/F, TOWER A, HUNGHOM COMMERCIAL CENTRE, 39 MA TAU WAI ROAD, HUNGHOM K3 0000
Teck Lim Chia director, 10 percent owner, officer: Chief Executive Officer FLAT B, 16/F, TOWER 3, ULTIMA, 23 FAT KWONG STREET, HO MAN TIN, KOWLOON K3 0000
Straits Energy Resources Berhad 10 percent owner B-07-06, PLAZA MONT KIARA, 2, JALAN KIARA, MONT KIARA, 50480 KUALA LUMPUR N8 50480
Khai Fei Wong director 33, LRG 14/2, SEKSYEN 14, PETALING JAYA N8 46100
Koon Liang Ong director 1-3-6, SEGAR VIEW CONDOMINIUM, JLN 5/100A, TMN SEGAR, WILAYAH PERSEKUTUAN N8 56100
Cheah Karen Yee Lynn director 17D-1-2, CASAVISTA CONDOMINIUM, JALAN PENAGA, BANGSAR, KUALA LUMPUR N8 59000
Xiaoling Lu 10 percent owner FLAT B, 16/F, TOWER 3, ULTIMA, 23 FAT KWONG STREET, HO MAN TIN, KOWLOON K3 0000