Ever Glory United Holdings (SGX:ZKX) Interest Coverage : 100.10 (As of Dec. 2023)

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What is Ever Glory United 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. Ever Glory United Holdings's Operating Income for the six months ended in Dec. 2023 was S$2.10 Mil. Ever Glory United Holdings's Interest Expense for the six months ended in Dec. 2023 was S$-0.02 Mil. Ever Glory United Holdings's interest coverage for the quarter that ended in Dec. 2023 was 100.10. 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. Ever Glory United Holdings Ltd has enough cash to cover all of its debt. Its financial situation is stable.

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

SGX:ZKX' s Interest Coverage Range Over the Past 10 Years
Min: 32.5 Med: 76.11 Max: 251.18
Current: 251.18

SGX:ZKX's Interest Coverage is ranked better than
91.52% of 1262 companies
in the Construction industry
Industry Median: 7.095 vs SGX:ZKX: 251.18

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

Ever Glory United Holdings Interest Coverage Historical Data

The historical data trend for Ever Glory United 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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Ever Glory United Holdings Interest Coverage Chart

Ever Glory United Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Coverage

75.71

32.50

76.50

251.18

Ever Glory United Holdings Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial			N/A	77.10	76.17	427.44	100.10

Competitive Comparison of Ever Glory United Holdings's Interest Coverage

For the Engineering & Construction subindustry, Ever Glory United 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.

Ever Glory United Holdings's Interest Coverage Distribution in the Construction Industry

For the Construction industry and Industrials sector, Ever Glory United Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Ever Glory United Holdings's Interest Coverage falls into.

Ever Glory United 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.

Ever Glory United 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, Ever Glory United Holdings's Interest Expense was S$-0.04 Mil. Its Operating Income was S$9.80 Mil. And its Long-Term Debt & Capital Lease Obligation was S$0.47 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	9.796	/	-0.039
	=	251.18

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

Here, for the six months ended in Dec. 2023, Ever Glory United Holdings's Interest Expense was S$-0.02 Mil. Its Operating Income was S$2.10 Mil. And its Long-Term Debt & Capital Lease Obligation was S$0.47 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	2.102	/	-0.021
	=	100.10

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

Ever Glory United Holdings (SGX:ZKX) 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 .

Ever Glory United Holdings Interest Coverage Related Terms

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

Ever Glory United Holdings (SGX:ZKX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ever Glory United Holdings Ltd (SGX:ZKX) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Little Road, No. 03-01 CRF Building, Singapore, SGP, 536982

Website

Ever Glory United Holdings Ltd is a Singapore-based M&E engineering service provider specializing in providing a wide range of M&E engineering services. Its services involve projects in both public and private sectors, such as the development or redevelopment of HDB residential flats, private residential properties, private schools, mixed-use properties, commercial buildings, or industrial buildings. It provides M&E engineering services as either an NSC or a DSC. The company specializes in the following areas of M&E engineering services: ACMV systems; electrical engineering systems; FP systems; PSG systems; and IBS.

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