San Neng Group Holdings Co (TPE:6671) Interest Coverage : 76.49 (As of Mar. 2024)

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What is San Neng Group Holdings 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. San Neng Group Holdings Co's Operating Income for the three months ended in Mar. 2024 was NT$45 Mil. San Neng Group Holdings Co's Interest Expense for the three months ended in Mar. 2024 was NT$-1 Mil. San Neng Group Holdings Co's interest coverage for the quarter that ended in Mar. 2024 was 76.49. 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. San Neng Group Holdings Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

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

TPE:6671' s Interest Coverage Range Over the Past 10 Years
Min: 46.3 Med: 51.39 Max: 84.35
Current: 61.6

TPE:6671's Interest Coverage is ranked better than
80.98% of 1383 companies
in the Consumer Packaged Goods industry
Industry Median: 8.52 vs TPE:6671: 61.60

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

San Neng Group Holdings Co Interest Coverage Historical Data

The historical data trend for San Neng Group Holdings 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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San Neng Group Holdings Co Interest Coverage Chart

San Neng Group Holdings Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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46.47

77.54

84.35

49.72

50.66

San Neng Group Holdings 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															29.98	50.34	59.16	72.86	76.49

Competitive Comparison of San Neng Group Holdings Co's Interest Coverage

For the Household & Personal Products subindustry, San Neng Group Holdings 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.

San Neng Group Holdings Co's Interest Coverage Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, San Neng Group Holdings Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where San Neng Group Holdings Co's Interest Coverage falls into.

San Neng Group Holdings 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.

San Neng Group Holdings 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, San Neng Group Holdings Co's Interest Expense was NT$-4 Mil. Its Operating Income was NT$215 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$79 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	215.35	/	-4.251
	=	50.66

San Neng Group Holdings Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, San Neng Group Holdings Co's Interest Expense was NT$-1 Mil. Its Operating Income was NT$45 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$75 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	44.517	/	-0.582
	=	76.49

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

San Neng Group Holdings Co (TPE:6671) 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 .

San Neng Group Holdings Co Interest Coverage Related Terms

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

San Neng Group Holdings Co (TPE:6671) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » San Neng Group Holdings Co Ltd (TPE:6671) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.58, Gongye 8th Road, Dali District, Taichung, TWN

Website

https://www.sannenggroup.com

San Neng Group Holdings Co Ltd, along with its subsidiaries, is engaged in the research and development, manufacturing and sale of various professional baking equipment and related products. Its product offerings are divided into five categories including custom categories, baking moulds, baking tools, household equipment and other categories. Products offered by the company include baking utensils, baking moulds, baking trays, toast boxes, cake moulds, pie plates, mousse rings, mixing bowls, egg whisks, pastry tubes, revolving cake stands, knives, trolleys, eggbeaters series, pre-store products series, multi-connection products, kitchen supplies, and small household appliance series.

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