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Metro Systems PCL (BKK:MSC) Interest Coverage : 71.29 (As of Mar. 2024)


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What is Metro Systems PCL 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. Metro Systems PCL's Operating Income for the three months ended in Mar. 2024 was ฿141 Mil. Metro Systems PCL's Interest Expense for the three months ended in Mar. 2024 was ฿-2 Mil. Metro Systems PCL's interest coverage for the quarter that ended in Mar. 2024 was 71.29. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Metro Systems PCL's Interest Coverage or its related term are showing as below:

BKK:MSC' s Interest Coverage Range Over the Past 10 Years
Min: 7.32   Med: 15.38   Max: 38.6
Current: 38.6


BKK:MSC's Interest Coverage is ranked better than
69.7% of 1594 companies
in the Hardware industry
Industry Median: 12.735 vs BKK:MSC: 38.60

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


Metro Systems PCL Interest Coverage Historical Data

The historical data trend for Metro Systems PCL'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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Metro Systems PCL Interest Coverage Chart

Metro Systems PCL 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 15.95 15.14 23.64 32.06 28.63

Metro Systems PCL Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 30.59 24.47 4.08 79.84 71.29

Competitive Comparison of Metro Systems PCL's Interest Coverage

For the Electronics & Computer Distribution subindustry, Metro Systems PCL'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.


Metro Systems PCL's Interest Coverage Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Metro Systems PCL's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Metro Systems PCL's Interest Coverage falls into.



Metro Systems PCL 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.

Metro Systems PCL'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, Metro Systems PCL's Interest Expense was ฿-13 Mil. Its Operating Income was ฿368 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿32 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*367.714/-12.845
=28.63

Metro Systems PCL's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Metro Systems PCL's Interest Expense was ฿-2 Mil. Its Operating Income was ฿141 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿30 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*140.941/-1.977
=71.29

* 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.


Metro Systems PCL  (BKK:MSC) 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 .


Metro Systems PCL Interest Coverage Related Terms

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


Metro Systems PCL (BKK:MSC) Business Description

Traded in Other Exchanges
N/A
Address
400 Chalermprakiat Rama IX Road, Nong Bon, Prawet, Bangkok, THA, 10250
Metro Systems Corp PCL is a Thailand-based company. Together with its subsidiaries, the company is engaged in trading computers and equipment, software, supplies, office equipment, and related services. It operates in four segments namely Sales of computers and equipment, Installation software, Sales supplies, and office equipment; and Rental and other services. It derives key revenue from Sales of computers and equipment, and the Installation software segment. Some of its product includes Systems and servers, Supplies and peripherals, E-Business Solution, Software, and Services.