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PT Asuransi Maximus Graha Persada Tbk (ISX:ASMI) Interest Coverage : 0 (At Loss) (As of Mar. 2024)


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What is PT Asuransi Maximus Graha Persada 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 EBIT by its Interest Expense. PT Asuransi Maximus Graha Persada Tbk's EBIT for the three months ended in Mar. 2024 was Rp-3,656 Mil. PT Asuransi Maximus Graha Persada Tbk's Interest Expense for the three months ended in Mar. 2024 was Rp-76 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for PT Asuransi Maximus Graha Persada Tbk's Interest Coverage or its related term are showing as below:

ISX:ASMI' s Interest Coverage Range Over the Past 10 Years
Min: 3.99   Med: 24.15   Max: 80.52
Current: 22.33


ISX:ASMI's Interest Coverage is ranked better than
60.86% of 327 companies
in the Insurance industry
Industry Median: 13.81 vs ISX:ASMI: 22.33

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 Asuransi Maximus Graha Persada Tbk Interest Coverage Historical Data

The historical data trend for PT Asuransi Maximus Graha Persada 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 Asuransi Maximus Graha Persada Tbk Interest Coverage Chart

PT Asuransi Maximus Graha Persada Tbk 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 80.52 - 25.96 - 22.33

PT Asuransi Maximus Graha Persada Tbk 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 - 553.69 - 12.61 -

Competitive Comparison of PT Asuransi Maximus Graha Persada Tbk's Interest Coverage

For the Insurance - Diversified subindustry, PT Asuransi Maximus Graha Persada 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 Asuransi Maximus Graha Persada Tbk's Interest Coverage Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, PT Asuransi Maximus Graha Persada Tbk's Interest Coverage distribution charts can be found below:

* The bar in red indicates where PT Asuransi Maximus Graha Persada Tbk's Interest Coverage falls into.



PT Asuransi Maximus Graha Persada 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 EBIT is positive, then

Interest Coverage=-1* EBIT /Interest Expense

Else if Interest Expense is negative and EBIT 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 Asuransi Maximus Graha Persada 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 Asuransi Maximus Graha Persada Tbk's Interest Expense was Rp-579 Mil. Its EBIT was Rp12,928 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp280 Mil.

Interest Coverage=-1* EBIT (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*12928.459/-578.88
=22.33

PT Asuransi Maximus Graha Persada Tbk's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, PT Asuransi Maximus Graha Persada Tbk's Interest Expense was Rp-76 Mil. Its EBIT was Rp-3,656 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp187 Mil.

PT Asuransi Maximus Graha Persada Tbk did not have earnings to cover the interest expense.

* 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 Asuransi Maximus Graha Persada Tbk  (ISX:ASMI) 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 Asuransi Maximus Graha Persada Tbk Interest Coverage Related Terms

Thank you for viewing the detailed overview of PT Asuransi Maximus Graha Persada Tbk's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


PT Asuransi Maximus Graha Persada Tbk (ISX:ASMI) Business Description

Traded in Other Exchanges
N/A
Address
Jalan Yos Sudarso No. 88, Sunter, Gedung Graha Kirana Lt. 6, Jakarta, IDN, 14350
PT Asuransi Maximus Graha Persada Tbk is an Indonesia-based insurance service provider. It provides insurance services such as motor vehicle insurance, fire insurance, health insurance, marine cargo insurance, money insurance, engineering insurance, and other insurance. The group's operations are located in the geographical areas of Indonesia namely, Sumatera, Java, Bali, Sulawesi, and Kalimantan. It derives the majority of its revenue from the operations in Jawa. The organization generates prime underwriting revenue by providing motor vehicle insurance services.

PT Asuransi Maximus Graha Persada Tbk (ISX:ASMI) Headlines

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