MINISO Group Holding (MINISO Group Holding) Interest Coverage : 54.64 (As of Dec. 2023)

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What is MINISO Group Holding 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. MINISO Group Holding's Operating Income for the three months ended in Dec. 2023 was $105 Mil. MINISO Group Holding's Interest Expense for the three months ended in Dec. 2023 was $-2 Mil. MINISO Group Holding's interest coverage for the quarter that ended in Dec. 2023 was 54.64. 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. MINISO Group Holding Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for MINISO Group Holding's Interest Coverage or its related term are showing as below:

MNSO' s Interest Coverage Range Over the Past 10 Years
Min: 16.07 Med: 24.55 Max: 63.58
Current: 63.58

MNSO's Interest Coverage is ranked better than
83.55% of 760 companies
in the Retail - Cyclical industry
Industry Median: 7.755 vs MNSO: 63.58

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

MINISO Group Holding Interest Coverage Historical Data

The historical data trend for MINISO Group Holding'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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MINISO Group Holding Interest Coverage Chart

MINISO Group Holding Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Coverage

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40.80

24.44

16.07

24.55

61.36

MINISO Group Holding Quarterly Data
	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														47.89	66.22	68.05	68.59	54.64

Competitive Comparison of MINISO Group Holding's Interest Coverage

For the Specialty Retail subindustry, MINISO Group Holding'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.

MINISO Group Holding's Interest Coverage Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, MINISO Group Holding's Interest Coverage distribution charts can be found below:

* The bar in red indicates where MINISO Group Holding's Interest Coverage falls into.

MINISO Group Holding 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.

MINISO Group Holding's Interest Coverage for the fiscal year that ended in Jun. 2023 is calculated as

Here, for the fiscal year that ended in Jun. 2023, MINISO Group Holding's Interest Expense was $-5 Mil. Its Operating Income was $297 Mil. And its Long-Term Debt & Capital Lease Obligation was $79 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Jun. 2023 )	/	Interest Expense (A: Jun. 2023 )
	=	-1	*	296.658	/	-4.835
	=	61.36

MINISO Group Holding's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, MINISO Group Holding's Interest Expense was $-2 Mil. Its Operating Income was $105 Mil. And its Long-Term Debt & Capital Lease Obligation was $113 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	105.01	/	-1.922
	=	54.64

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

MINISO Group Holding (NYSE:MNSO) 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 .

MINISO Group Holding Interest Coverage Related Terms

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

MINISO Group Holding (MINISO Group Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » MINISO Group Holding Ltd (NYSE:MNSO) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

MNSO:Mexico 09896:Hong Kong MIF0:Germany

Address

No. 109, Pazhou Avenue, 8th Floor, M Plaza, Haizhu District, Guangdong Province, Guangzhou, CHN, 510000

Website

https://www.miniso.com

MINISO Group Holding Ltd is a retailer offering a variety of design-led lifestyle products. The company's product categories include home decor, small electronics, textiles, accessories, beauty tools, toys, cosmetics, personal care, snacks, fragrance and perfumes, and stationery and gifts. Its segment includes the MINISO brand, which is engaged in the Design, buying and sale of lifestyle products, and the TOP TOY brand, which is engaged in the Design, buying and sale of pop toys. The company generates maximum revenue from the MINISO brand segment. Geographically, it derives a majority of its revenue from China.