MYMBN Bhd (XKLS:0280) Interest Coverage : 7.42 (As of Dec. 2023)

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What is MYMBN Bhd 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. MYMBN Bhd's Operating Income for the six months ended in Dec. 2023 was RM1.76 Mil. MYMBN Bhd's Interest Expense for the six months ended in Dec. 2023 was RM-0.24 Mil. MYMBN Bhd's interest coverage for the quarter that ended in Dec. 2023 was 7.42. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for MYMBN Bhd's Interest Coverage or its related term are showing as below:

XKLS:0280' s Interest Coverage Range Over the Past 10 Years
Min: 7.42 Med: 36.25 Max: 86.08
Current: 7.42

XKLS:0280's Interest Coverage is ranked worse than
52.64% of 1383 companies
in the Consumer Packaged Goods industry
Industry Median: 8.52 vs XKLS:0280: 7.42

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

MYMBN Bhd Interest Coverage Historical Data

The historical data trend for MYMBN Bhd'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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MYMBN Bhd Interest Coverage Chart

MYMBN Bhd Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

10.71

83.59

86.08

36.25

7.42

MYMBN Bhd Semi-Annual Data
	Dec19	Dec20	Dec21	Dec22	Dec23
Interest Coverage	10.71	83.59	86.08	36.25	7.42

Competitive Comparison of MYMBN Bhd's Interest Coverage

For the Packaged Foods subindustry, MYMBN Bhd'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.

MYMBN Bhd's Interest Coverage Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, MYMBN Bhd's Interest Coverage distribution charts can be found below:

* The bar in red indicates where MYMBN Bhd's Interest Coverage falls into.

MYMBN Bhd 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.

MYMBN Bhd'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, MYMBN Bhd's Interest Expense was RM-0.24 Mil. Its Operating Income was RM1.76 Mil. And its Long-Term Debt & Capital Lease Obligation was RM2.87 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	1.758	/	-0.237
	=	7.42

MYMBN Bhd's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, MYMBN Bhd's Interest Expense was RM-0.24 Mil. Its Operating Income was RM1.76 Mil. And its Long-Term Debt & Capital Lease Obligation was RM2.87 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	1.758	/	-0.237
	=	7.42

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

MYMBN Bhd (XKLS:0280) 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 .

MYMBN Bhd Interest Coverage Related Terms

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

MYMBN Bhd (XKLS:0280) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » MYMBN Bhd (XKLS:0280) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Melaka Raya 26, Nos. 17, 19, 21, 23 and 25, Taman Melaka Raya, Melaka, MYS, 75000

Website

https://www.mymbn.com.my

MYMBN Bhd is an investment holding company of MBN Enterprise and MBN International. Through its Subsidiaries, it is principally engaged in the processing and sale of EBN, specifically the RUCEBN. EBNs are processed nests of swiftlets, which are made from strands of swiftlets' saliva.

MYMBN Bhd (XKLS:0280) Headlines

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