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Wiselink Co (ROCO:8932) Interest Coverage : 42.58 (As of Mar. 2024)


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What is Wiselink Co 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. Wiselink Co's Operating Income for the three months ended in Mar. 2024 was NT$86 Mil. Wiselink Co's Interest Expense for the three months ended in Mar. 2024 was NT$-2 Mil. Wiselink Co's interest coverage for the quarter that ended in Mar. 2024 was 42.58. The higher the ratio, the stronger the company's financial strength is.

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

ROCO:8932' s Interest Coverage Range Over the Past 10 Years
Min: 2.31   Med: 2.85   Max: 23.07
Current: 23.07


ROCO:8932's Interest Coverage is ranked better than
77.95% of 721 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 5.02 vs ROCO:8932: 23.07

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


Wiselink Co Interest Coverage Historical Data

The historical data trend for Wiselink Co'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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Wiselink Co Interest Coverage Chart

Wiselink Co 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 - - - - 12.88

Wiselink Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.71 17.49 21.29 17.13 42.58

Competitive Comparison of Wiselink Co's Interest Coverage

For the Apparel Manufacturing subindustry, Wiselink Co'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.


Wiselink Co's Interest Coverage Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Wiselink Co's Interest Coverage falls into.



Wiselink Co 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.

Wiselink Co'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, Wiselink Co's Interest Expense was NT$-13 Mil. Its Operating Income was NT$169 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$155 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*169.099/-13.128
=12.88

Wiselink Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Wiselink Co's Interest Expense was NT$-2 Mil. Its Operating Income was NT$86 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$192 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*86.143/-2.023
=42.58

* 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.


Wiselink Co  (ROCO:8932) 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 .


Wiselink Co Interest Coverage Related Terms

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


Wiselink Co (ROCO:8932) Business Description

Traded in Other Exchanges
N/A
Address
7F, No. 196, Joutz Street, Neihu District, Taipei, TWN, 11493
Wiselink Co Ltd, formerly Max Zipper Co Ltd is engaged in the production and sales of zippers in Taiwan. It offers a variety of zippers including nylon zippers, Delrin zippers, invisible zippers, metal zippers, zipper accessories, sliders, and other specialized zippers. The reportable segment of the company includes Taiwan and Mainland. The Taiwan segment and the Mainland segment were mainly engaged in the manufacturing, processing, and trading of pulling products and parts, while the other segments were mainly engaged in professional investment. The majority of revenue is derived from the Taiwan segment.

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