Golden MV Holdings (PHS:HVN) Interest Coverage : 5.56 (As of Sep. 2023)

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What is Golden MV 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. Golden MV Holdings's Operating Income for the three months ended in Sep. 2023 was ₱441 Mil. Golden MV Holdings's Interest Expense for the three months ended in Sep. 2023 was ₱-79 Mil. Golden MV Holdings's interest coverage for the quarter that ended in Sep. 2023 was 5.56. The higher the ratio, the stronger the company's financial strength is.

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

PHS:HVN' s Interest Coverage Range Over the Past 10 Years
Min: 4.51 Med: 20.76 Max: 1290.99
Current: 4.9

PHS:HVN's Interest Coverage is ranked better than
54.48% of 1340 companies
in the Real Estate industry
Industry Median: 3.955 vs PHS:HVN: 4.90

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

Golden MV Holdings Interest Coverage Historical Data

The historical data trend for Golden MV 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.

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Golden MV Holdings Interest Coverage Chart

Golden MV Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Coverage

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17.87

11.25

5.12

5.45

4.51

Golden MV Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Coverage	Get a 7-Day Free Trial															5.10	4.34	5.77	4.00	5.56

Competitive Comparison of Golden MV Holdings's Interest Coverage

For the Real Estate - Development subindustry, Golden MV 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.

Golden MV Holdings's Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Golden MV Holdings's Interest Coverage distribution charts can be found below:

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

Golden MV 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.

Golden MV Holdings'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, Golden MV Holdings's Interest Expense was ₱-360 Mil. Its Operating Income was ₱1,624 Mil. And its Long-Term Debt & Capital Lease Obligation was ₱3,193 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2022 )	/	Interest Expense (A: Dec. 2022 )
	=	-1	*	1624.295	/	-360.027
	=	4.51

Golden MV Holdings's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, Golden MV Holdings's Interest Expense was ₱-79 Mil. Its Operating Income was ₱441 Mil. And its Long-Term Debt & Capital Lease Obligation was ₱3,194 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	440.965	/	-79.306
	=	5.56

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

Golden MV Holdings (PHS:HVN) 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 .

Golden MV Holdings Interest Coverage Related Terms

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

Golden MV Holdings (PHS:HVN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Golden MV Holdings Inc (PHS:HVN) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

San Ezekiel, C5 Extension, 2nd Floor, Golden Haven Building, Villar SIPAG Complex, Las Pinas, PHL, 1746

Website

https://www.goldenhaven.com.ph

Golden MV Holdings Inc is a Philippines-based developer of memorial parks in the country in terms of the number of projects, overall sales, and land development. The Company develops, constructs, and operates columbarium and memorial chapel facilities, and is also engaged in the construction and development of residential projects in various places all over the Philippines. The company has two operating segments; the Residential segment pertains to the housing market segment of the group. It caters to the development and sale of residential houses and lots, subdivision lots, and condominium units, and The Deathcare segment pertains to the sale of memorial lots, interment income, and income from chapel services. The majority of its revenue is derived from the Residential segment.

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