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Namyue Holdings (HKSE:01058) Interest Coverage : 0 (At Loss) (As of Dec. 2023)


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What is Namyue Holdings 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. Namyue Holdings's Operating Income for the six months ended in Dec. 2023 was HK$-40.19 Mil. Namyue Holdings's Interest Expense for the six months ended in Dec. 2023 was HK$-0.65 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

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


HKSE:01058's Interest Coverage is not ranked *
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 5.16
* Ranked among companies with meaningful Interest Coverage only.

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


Namyue Holdings Interest Coverage Historical Data

The historical data trend for Namyue Holdings'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.

Namyue Holdings Interest Coverage Chart

Namyue Holdings 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 - 0.31 - - -

Namyue Holdings 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 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 - - - - -

Competitive Comparison of Namyue Holdings's Interest Coverage

For the Footwear & Accessories subindustry, Namyue Holdings'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.


Namyue Holdings's Interest Coverage Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Namyue Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Namyue Holdings's Interest Coverage falls into.



Namyue Holdings 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.

Namyue Holdings'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, Namyue Holdings's Interest Expense was HK$-0.88 Mil. Its Operating Income was HK$-59.85 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$0.08 Mil.

Namyue Holdings did not have earnings to cover the interest expense.

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

Here, for the six months ended in Dec. 2023, Namyue Holdings's Interest Expense was HK$-0.65 Mil. Its Operating Income was HK$-40.19 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$0.08 Mil.

Namyue Holdings did not have earnings to cover the interest expense.

* 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.


Namyue Holdings  (HKSE:01058) 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 .


Namyue Holdings Interest Coverage Related Terms

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


Namyue Holdings (HKSE:01058) Business Description

Traded in Other Exchanges
N/A
Address
148 Connaught Road Central, 29th Floor, Guangdong Investment Tower, Hong Kong, HKG
Namyue Holdings Ltd is involved in the lease of plant and machinery, processing of cowhides, leather trading, and processing and sale of semi-finished and finished leather in PRC. The company's revenue is generated from the sale of processed leather.
Executives
Guangdong Assets Management (bvi) No. 11 Limited 2201 Interest of corporation controlled by you
Gdh Limited 2101 Beneficial owner
Nan Yue Ji Tuan You Xian Gong Si 2101 Beneficial owner
Guang Dong Nan Yue Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Guang Dong Yue Hai Kong Gu Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you

Namyue Holdings (HKSE:01058) Headlines

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