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Pacific Legend Group (HKSE:08547) Interest Coverage : 0 (At Loss) (As of Sep. 2023)


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What is Pacific Legend Group 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. Pacific Legend Group's Operating Income for the three months ended in Sep. 2023 was HK$-9.0 Mil. Pacific Legend Group's Interest Expense for the three months ended in Sep. 2023 was HK$-0.7 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 Pacific Legend Group's Interest Coverage or its related term are showing as below:


HKSE:08547's Interest Coverage is not ranked *
in the Furnishings, Fixtures & Appliances industry.
Industry Median: 8.89
* 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.


Pacific Legend Group Interest Coverage Historical Data

The historical data trend for Pacific Legend Group'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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Pacific Legend Group Interest Coverage Chart

Pacific Legend Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
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Pacific Legend Group 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 - - 10.48 - -

Competitive Comparison of Pacific Legend Group's Interest Coverage

For the Furnishings, Fixtures & Appliances subindustry, Pacific Legend Group'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.


Pacific Legend Group's Interest Coverage Distribution in the Furnishings, Fixtures & Appliances Industry

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

* The bar in red indicates where Pacific Legend Group's Interest Coverage falls into.



Pacific Legend Group 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.

Pacific Legend Group'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, Pacific Legend Group's Interest Expense was HK$-1.1 Mil. Its Operating Income was HK$-23.9 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$8.3 Mil.

Pacific Legend Group did not have earnings to cover the interest expense.

Pacific Legend Group's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, Pacific Legend Group's Interest Expense was HK$-0.7 Mil. Its Operating Income was HK$-9.0 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$0.0 Mil.

Pacific Legend Group 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.


Pacific Legend Group  (HKSE:08547) 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 .


Pacific Legend Group Interest Coverage Related Terms

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


Pacific Legend Group (HKSE:08547) Business Description

Traded in Other Exchanges
N/A
Address
100 Cyberport Road, Units 1202-04, Level 12, Cyberport 2, Hong Kong, HKG
Pacific Legend Group Ltd and its subsidiaries are engaged in three lines of business; Rental of home furniture and accessories; Sale of home furniture and accessories; and Project and hospitality services. It derives a majority of its revenue from the sale of home furniture and accessories segment which includes retail, corporate sales, online shops, wholesale, and franchises. Geographically, the group has business operations in Hong Kong, UAE, and the PRC of which key revenue is derived from Hong Kong.
Executives
Century Great Investments Limited 2101 Beneficial owner
Cheung Wai Keung
Wong Wing Man
Bailey Alison Siobhan 2401 A concert party to an agreement to buy shares
Bulbeck David Frances 2202 Interest of your spouse
Double Lions Limited 2101 Beneficial owner
Fitzpatrick Tracy-ann 2201 Interest of corporation controlled by you
Leach James Seymour Dickson 2401 A concert party to an agreement to buy shares
Mclennan Jennifer Carver 2202 Interest of your spouse
Mclennan John Warren 2201 Interest of corporation controlled by you
Rinderknecht John Martin 2401 A concert party to an agreement to buy shares

Pacific Legend Group (HKSE:08547) Headlines

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