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PT Rukun Raharja Tbk (ISX:RAJA) Interest Coverage : 5.81 (As of Mar. 2024)


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What is PT Rukun Raharja 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 Rukun Raharja Tbk's Operating Income for the three months ended in Mar. 2024 was Rp185,069 Mil. PT Rukun Raharja Tbk's Interest Expense for the three months ended in Mar. 2024 was Rp-31,834 Mil. PT Rukun Raharja Tbk's interest coverage for the quarter that ended in Mar. 2024 was 5.81. The higher the ratio, the stronger the company's financial strength is.

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

ISX:RAJA' s Interest Coverage Range Over the Past 10 Years
Min: 0.75   Med: 2.96   Max: 7.75
Current: 5.09


ISX:RAJA's Interest Coverage is ranked better than
57.53% of 445 companies
in the Utilities - Regulated industry
Industry Median: 3.78 vs ISX:RAJA: 5.09

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 Rukun Raharja Tbk Interest Coverage Historical Data

The historical data trend for PT Rukun Raharja 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 Rukun Raharja Tbk Interest Coverage Chart

PT Rukun Raharja 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 1.37 1.92 1.39 4.07 4.88

PT Rukun Raharja 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 4.80 3.32 1.86 7.61 5.81

Competitive Comparison of PT Rukun Raharja Tbk's Interest Coverage

For the Utilities - Regulated Gas subindustry, PT Rukun Raharja 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 Rukun Raharja Tbk's Interest Coverage Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, PT Rukun Raharja Tbk's Interest Coverage distribution charts can be found below:

* The bar in red indicates where PT Rukun Raharja Tbk's Interest Coverage falls into.



PT Rukun Raharja 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 Rukun Raharja 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 Rukun Raharja Tbk's Interest Expense was Rp-142,829 Mil. Its Operating Income was Rp696,726 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp1,661,782 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*696725.797/-142829.174
=4.88

PT Rukun Raharja 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 Rukun Raharja Tbk's Interest Expense was Rp-31,834 Mil. Its Operating Income was Rp185,069 Mil. And its Long-Term Debt & Capital Lease Obligation was Rp1,603,664 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*185068.994/-31834.025
=5.81

* 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 Rukun Raharja Tbk  (ISX:RAJA) 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 Rukun Raharja Tbk Interest Coverage Related Terms

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PT Rukun Raharja Tbk (ISX:RAJA) Business Description

Traded in Other Exchanges
N/A
Address
Jalan Thamrin Boulevard, Office Park Thamrin Residences Blok A 01-05, Kel. Kebon Melati, Kec. Tanah Abang, Jakarta, IDN, 10230
PT Rukun Raharja Tbk through its subsidiaries is engaged in the distribution of natural gas, LPG distribution, and related activities and gas transmission and compression. Its segments include Natural Gas Distribution Segment; Infrastructure Segment and Other Segments. It conducts its business in the field of service or natural gas distribution services, provision, and management of loading and unloading of containers, filling, and transportation services to LPG gas cylinders.

PT Rukun Raharja Tbk (ISX:RAJA) Headlines

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