Raymond Industrial (HKSE:00229) Interest Coverage : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Raymond Industrial 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. Raymond Industrial's Operating Income for the six months ended in Dec. 2023 was HK$35 Mil. Raymond Industrial's Interest Expense for the six months ended in Dec. 2023 was HK$0 Mil. Raymond Industrial has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Raymond Industrial Ltd has no debt.

(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 Raymond Industrial's Interest Coverage or its related term are showing as below:

HKSE:00229' s Interest Coverage Range Over the Past 10 Years
Min: 208.15 Med: No Debt Max: No Debt
Current: No Debt

HKSE:00229's Interest Coverage is ranked better than
98.75% of 320 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 8.89 vs HKSE:00229: No Debt

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

Raymond Industrial Interest Coverage Historical Data

The historical data trend for Raymond Industrial'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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Raymond Industrial Interest Coverage Chart

Raymond Industrial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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No Debt

Raymond Industrial Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Raymond Industrial's Interest Coverage

For the Furnishings, Fixtures & Appliances subindustry, Raymond Industrial'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.

Raymond Industrial's Interest Coverage Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Raymond Industrial's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Raymond Industrial's Interest Coverage falls into.

Raymond Industrial 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.

Raymond Industrial'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, Raymond Industrial's Interest Expense was HK$0 Mil. Its Operating Income was HK$54 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$0 Mil.

Raymond Industrial had no debt ⁽¹⁾.

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

Here, for the six months ended in Dec. 2023, Raymond Industrial's Interest Expense was HK$0 Mil. Its Operating Income was HK$35 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$0 Mil.

Raymond Industrial had no debt ⁽¹⁾.

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

Raymond Industrial (HKSE:00229) 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 .

Raymond Industrial Interest Coverage Related Terms

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

Raymond Industrial (HKSE:00229) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Raymond Industrial Ltd (HKSE:00229) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 On Ping Street, Rooms 1801-1813, 18th Floor, Grandtech Centre, Shatin, New Territories, Hong Kong, HKG

Website

https://www.raymondfinance.com/html/about.html

Raymond Industrial Ltd is engaged in the manufacture and sale of electrical home appliances. The company's geographical segment includes Japan, the United States, and the People's Republic of China (PRC), Europe, Asia (excluding Japan and the PRC) and Rest of the world. The PRC segment is involved in the manufacture of electrical household appliances. The Rest of the world segment covers sales of electrical home appliances to customers in Australia, Canada, South America and Africa. Its product categories comprise Environmental products, Battery, Health and personal care, Kitchen products and other small and medium-sized electrical household appliances.

Executives

Wong Ying Man John	2101 Beneficial owner
Webb David Michael	2101 Beneficial owner
Diamond-harvest Limited	2101 Beneficial owner
Wong Kin Lae Wilson	2201 Interest of corporation controlled by you
Zhong Guo Bing Qi Gong Ye Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Bing Qi Zhuang Bei Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Bei Fang Gong Ye You Xian Gong Si	2201 Interest of corporation controlled by you
An Li Shi Ye You Xian Gong Si	2101 Beneficial owner
Sun Kwing Hai Amelia	2202 Interest of your spouse

Raymond Industrial (HKSE:00229) Headlines

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Raymond Industrial (HKSE:00229) Interest Coverage : No Debt (1) (As of Dec. 2023)