Tan Tao Investment Industry (STC:ITA) Interest Coverage : 21.53 (As of Mar. 2024)

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What is Tan Tao Investment Industry 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. Tan Tao Investment Industry's Operating Income for the three months ended in Mar. 2024 was ₫21,056 Mil. Tan Tao Investment Industry's Interest Expense for the three months ended in Mar. 2024 was ₫-978 Mil. Tan Tao Investment Industry's interest coverage for the quarter that ended in Mar. 2024 was 21.53. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Tan Tao Investment Industry's Interest Coverage or its related term are showing as below:

STC:ITA' s Interest Coverage Range Over the Past 10 Years
Min: 0.58 Med: 1.84 Max: 49.43
Current: 49.43

STC:ITA's Interest Coverage is ranked better than
82.61% of 1328 companies
in the Real Estate industry
Industry Median: 3.995 vs STC:ITA: 49.43

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

Tan Tao Investment Industry Interest Coverage Historical Data

The historical data trend for Tan Tao Investment Industry'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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Tan Tao Investment Industry Interest Coverage Chart

Tan Tao Investment Industry Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Coverage

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2.21

6.30

5.93

Tan Tao Investment Industry Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Interest Coverage	Get a 7-Day Free Trial															-	19.05	28.23	100.54	21.53

Competitive Comparison of Tan Tao Investment Industry's Interest Coverage

For the Real Estate Services subindustry, Tan Tao Investment Industry'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.

Tan Tao Investment Industry's Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Tan Tao Investment Industry's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Tan Tao Investment Industry's Interest Coverage falls into.

Tan Tao Investment Industry 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.

Tan Tao Investment Industry's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, Tan Tao Investment Industry's Interest Expense was ₫-1,119 Mil. Its Operating Income was ₫-265,493 Mil. And its Long-Term Debt & Capital Lease Obligation was ₫8,365 Mil.

Tan Tao Investment Industry did not have earnings to cover the interest expense.

Tan Tao Investment Industry's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Tan Tao Investment Industry's Interest Expense was ₫-978 Mil. Its Operating Income was ₫21,056 Mil. And its Long-Term Debt & Capital Lease Obligation was ₫5,068 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	21056.115	/	-978.1
	=	21.53

The higher the ratio, the stronger the company's Financial Strength is.

Tan Tao Investment Industry (STC:ITA) 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 .

Tan Tao Investment Industry Interest Coverage Related Terms

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