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Hanwha Galleria Co (XKRX:452260) Interest Coverage : 24.77 (As of Mar. 2024)


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What is Hanwha Galleria 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. Hanwha Galleria Co's Operating Income for the three months ended in Mar. 2024 was ₩89,309 Mil. Hanwha Galleria Co's Interest Expense for the three months ended in Mar. 2024 was ₩-3,606 Mil. Hanwha Galleria Co's interest coverage for the quarter that ended in Mar. 2024 was 24.77. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Hanwha Galleria Co Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

(1) 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.

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

XKRX:452260' s Interest Coverage Range Over the Past 10 Years
Min: 0   Med: 0   Max: 0.47
Current: 0.47


XKRX:452260's Interest Coverage is ranked worse than
97.11% of 760 companies
in the Retail - Cyclical industry
Industry Median: 7.585 vs XKRX:452260: 0.47

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


Hanwha Galleria Co Interest Coverage Historical Data

The historical data trend for Hanwha Galleria 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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Hanwha Galleria Co Interest Coverage Chart

Hanwha Galleria Co Annual Data
Trend
Interest Coverage

Hanwha Galleria Co Quarterly Data
Mar23 Jun23 Sep23 Dec23 Mar24
Interest Coverage 0.87 0.66 0.32 0.34 24.77

Competitive Comparison of Hanwha Galleria Co's Interest Coverage

For the Department Stores subindustry, Hanwha Galleria 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.


Hanwha Galleria Co's Interest Coverage Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Hanwha Galleria Co's Interest Coverage distribution charts can be found below:

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



Hanwha Galleria 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.

Hanwha Galleria Co's Interest Coverage for the fiscal year that ended in . 20 is calculated as

Here, for the fiscal year that ended in . 20, Hanwha Galleria Co's Interest Expense was ₩0 Mil. Its Operating Income was ₩0 Mil. And its Long-Term Debt & Capital Lease Obligation was ₩0 Mil.

Hanwha Galleria Co had no debt (1).

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

Here, for the three months ended in Mar. 2024, Hanwha Galleria Co's Interest Expense was ₩-3,606 Mil. Its Operating Income was ₩89,309 Mil. And its Long-Term Debt & Capital Lease Obligation was ₩0 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*89309.463/-3605.868
=24.77

* 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.


Hanwha Galleria Co  (XKRX:452260) 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 .


Hanwha Galleria Co Interest Coverage Related Terms

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


Hanwha Galleria Co (XKRX:452260) Business Description

Traded in Other Exchanges
N/A
Address
50, 63-ro, Yeongdeungpo-gu, 2nd and 3rd Floors, 63 Hanwha Life Insurance Building Annex, Yeouido-dong, Seoul, KOR
Hanwha Galleria Co Ltd operates as a distribution service company. It currently has approximately five branches: Seoul Luxury Hall, Gwanggyo Branch, Daejeon Time World, Cheonan Center City, and Jinju Branch. It operates luxury department stores. It is providing a variety of trend-setting products and differentiated food culture content.

Hanwha Galleria Co (XKRX:452260) Headlines

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