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PT Amman Mineral Internasional Tbk (ISX:AMMN) Interest Coverage : 3.94 (As of Dec. 2023)


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What is PT Amman Mineral Internasional Tbk 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. PT Amman Mineral Internasional Tbk's Operating Income for the six months ended in Dec. 2023 was Rp11,827,535 Mil. PT Amman Mineral Internasional Tbk's Interest Expense for the six months ended in Dec. 2023 was Rp-3,005,317 Mil. PT Amman Mineral Internasional Tbk's interest coverage for the quarter that ended in Dec. 2023 was 3.94. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for PT Amman Mineral Internasional Tbk's Interest Coverage or its related term are showing as below:

ISX:AMMN' s Interest Coverage Range Over the Past 10 Years
Min: 2.17   Med: 4.3   Max: 10.73
Current: 3.94


ISX:AMMN's Interest Coverage is ranked worse than
88.28% of 1340 companies
in the Metals & Mining industry
Industry Median: No Debt vs ISX:AMMN: 3.94

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


PT Amman Mineral Internasional Tbk Interest Coverage Historical Data

The historical data trend for PT Amman Mineral Internasional Tbk'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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PT Amman Mineral Internasional Tbk Interest Coverage Chart

PT Amman Mineral Internasional Tbk Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Interest Coverage
2.17 4.66 10.73 3.94

PT Amman Mineral Internasional Tbk Semi-Annual Data
Dec20 Dec21 Dec22 Dec23
Interest Coverage 2.17 4.66 10.73 3.94

Competitive Comparison of PT Amman Mineral Internasional Tbk's Interest Coverage

For the Other Precious Metals & Mining subindustry, PT Amman Mineral Internasional Tbk'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.


PT Amman Mineral Internasional Tbk's Interest Coverage Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, PT Amman Mineral Internasional Tbk's Interest Coverage distribution charts can be found below:

* The bar in red indicates where PT Amman Mineral Internasional Tbk's Interest Coverage falls into.



PT Amman Mineral Internasional Tbk 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.

PT Amman Mineral Internasional Tbk'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, PT Amman Mineral Internasional Tbk's Interest Expense was Rp-3,005,317 Mil. Its Operating Income was Rp11,827,535 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp46,118,453 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*11827535.121/-3005316.976
=3.94

PT Amman Mineral Internasional Tbk's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, PT Amman Mineral Internasional Tbk's Interest Expense was Rp-3,005,317 Mil. Its Operating Income was Rp11,827,535 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp46,118,453 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*11827535.121/-3005316.976
=3.94

* 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.


PT Amman Mineral Internasional Tbk  (ISX:AMMN) 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 .


PT Amman Mineral Internasional Tbk Interest Coverage Related Terms

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PT Amman Mineral Internasional Tbk (ISX:AMMN) Business Description

Traded in Other Exchanges
Address
Jalan H.R. Rasuna Said Blok X-5 Kav. 1-2, Menara Karya 6th Floor Unit A, B, C dan H, Jakarta Selatan, Jakarta, IDN, 12950
PT Amman Mineral Internasional Tbk is a copper-and-gold mining company in Indonesia, operating the Batu Hijau mine on the island of Sumbawa.

PT Amman Mineral Internasional Tbk (ISX:AMMN) Headlines

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