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Hil Industries Bhd (XKLS:8443) Interest Coverage : No Debt (1) (As of Dec. 2023)


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What is Hil Industries 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. Hil Industries Bhd's Operating Income for the three months ended in Dec. 2023 was RM9.2 Mil. Hil Industries Bhd's Interest Expense for the three months ended in Dec. 2023 was RM0.0 Mil. Hil Industries Bhd has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Hil Industries Bhd has enough cash to cover all of its debt. Its financial situation is stable.

(1) 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.

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

XKLS:8443' s Interest Coverage Range Over the Past 10 Years
Min: 229.84   Med: 825.14   Max: 22043.5
Current: 22043.5


XKLS:8443's Interest Coverage is ranked better than
99.87% of 2298 companies
in the Industrial Products industry
Industry Median: 13.69 vs XKLS:8443: 22043.50

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


Hil Industries Bhd Interest Coverage Historical Data

The historical data trend for Hil Industries 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.

* Premium members only.

Hil Industries Bhd Interest Coverage Chart

Hil Industries Bhd 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 1,064.60 2,091.93 4,133.30 5,118.40 22,043.50

Hil Industries Bhd Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 No Debt 8,801.00 12,539.00 No Debt No Debt

Competitive Comparison of Hil Industries Bhd's Interest Coverage

For the Metal Fabrication subindustry, Hil Industries 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.


Hil Industries Bhd's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hil Industries Bhd's Interest Coverage distribution charts can be found below:

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



Hil Industries 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.

Hil Industries 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, Hil Industries Bhd's Interest Expense was RM-0.0 Mil. Its Operating Income was RM44.1 Mil. And its Long-Term Debt & Capital Lease Obligation was RM0.0 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*44.087/-0.002
=22,043.50

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

Here, for the three months ended in Dec. 2023, Hil Industries Bhd's Interest Expense was RM0.0 Mil. Its Operating Income was RM9.2 Mil. And its Long-Term Debt & Capital Lease Obligation was RM0.0 Mil.

Hil Industries Bhd had no debt (1).

* 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.


Hil Industries Bhd  (XKLS:8443) 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 .


Hil Industries Bhd Interest Coverage Related Terms

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


Hil Industries Bhd (XKLS:8443) Business Description

Traded in Other Exchanges
N/A
Address
Lot 3, Jalan Lada Sulah 16/11, Section 16, Shah Alam, SGR, MYS, 40000
Hil Industries Bhd is a manufacturer and seller of industrial and domestic moulded plastic products. The company's reportable segment include: Manufacturing; Property development and management; and Trading, services and others. The Manufacturing segment engages in the manufacture and sale of industrial and domestic moulded plastic products. The Property development and management segment is involved in the development of residential, commercial and light industrial properties, and letting out of properties and provision of property management services. Trading, services and others segment includes general trading. The company generates key revenue from the Manufacturing segment. It has a business presence in Malaysia, the PRC and Taiwan.

Hil Industries Bhd (XKLS:8443) Headlines

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