Advance Packaging Technology (M) Bhd (XKLS:9148) Interest Coverage : 1.07 (As of Mar. 2024)

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What is Advance Packaging Technology (M) 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. Advance Packaging Technology (M) Bhd's Operating Income for the three months ended in Mar. 2024 was RM0.18 Mil. Advance Packaging Technology (M) Bhd's Interest Expense for the three months ended in Mar. 2024 was RM-0.17 Mil. Advance Packaging Technology (M) Bhd's interest coverage for the quarter that ended in Mar. 2024 was 1.07. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Advance Packaging Technology (M) Bhds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

The historical rank and industry rank for Advance Packaging Technology (M) Bhd's Interest Coverage or its related term are showing as below:

XKLS:9148' s Interest Coverage Range Over the Past 10 Years
Min: 0.15 Med: No Debt Max: No Debt
Current: 0.15

XKLS:9148's Interest Coverage is ranked worse than
99.35% of 308 companies
in the Packaging & Containers industry
Industry Median: 6.925 vs XKLS:9148: 0.15

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

Advance Packaging Technology (M) Bhd Interest Coverage Historical Data

The historical data trend for Advance Packaging Technology (M) 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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Advance Packaging Technology (M) Bhd Interest Coverage Chart

Advance Packaging Technology (M) Bhd Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Coverage

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No Debt

225.00

Advance Packaging Technology (M) Bhd 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															-	-	-	-	1.07

Competitive Comparison of Advance Packaging Technology (M) Bhd's Interest Coverage

For the Packaging & Containers subindustry, Advance Packaging Technology (M) 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.

Advance Packaging Technology (M) Bhd's Interest Coverage Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Advance Packaging Technology (M) Bhd's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Advance Packaging Technology (M) Bhd's Interest Coverage falls into.

Advance Packaging Technology (M) 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.

Advance Packaging Technology (M) Bhd'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, Advance Packaging Technology (M) Bhd's Interest Expense was RM-0.24 Mil. Its Operating Income was RM-2.11 Mil. And its Long-Term Debt & Capital Lease Obligation was RM12.91 Mil.

Advance Packaging Technology (M) Bhd did not have earnings to cover the interest expense.

Advance Packaging Technology (M) Bhd's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Advance Packaging Technology (M) Bhd's Interest Expense was RM-0.17 Mil. Its Operating Income was RM0.18 Mil. And its Long-Term Debt & Capital Lease Obligation was RM14.20 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	0.182	/	-0.17
	=	1.07

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

Advance Packaging Technology (M) Bhd (XKLS:9148) 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 .

Advance Packaging Technology (M) Bhd Interest Coverage Related Terms

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

Advance Packaging Technology (M) Bhd (XKLS:9148) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Advance Packaging Technology (M) Bhd (XKLS:9148) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 2, Jalan P/2A, Kawasan MIEL, Bangi Industrial Estate, Bandar Baru Bangi, SGR, MYS, 43650

Website

https://www.advancedpack.com.my

Advance Packaging Technology (M) Bhd is principally engaged in the manufacturing and distribution of flexible packaging materials in Malaysia. The company produces flexible packaging materials catering to a wide cross-section of industries in both the local and overseas markets such as snack foods, Instant noodles, sweets and confectionery, liquid condiments, frozen foods, spices, beverages, medical/surgical products, pharmaceuticals, and others. Geographically, it generates the majority revenue from Malaysia and also has an operation in Mauritius, Hong Kong, and Brunei.

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