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Man Wah Holdings (Man Wah Holdings) Interest Coverage : 15.64 (As of Sep. 2023)


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What is Man Wah 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. Man Wah Holdings's Operating Income for the six months ended in Sep. 2023 was $196 Mil. Man Wah Holdings's Interest Expense for the six months ended in Sep. 2023 was $-13 Mil. Man Wah Holdings's interest coverage for the quarter that ended in Sep. 2023 was 15.64. The higher the ratio, the stronger the company's financial strength is.

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

MAWHY' s Interest Coverage Range Over the Past 10 Years
Min: 13.56   Med: 31.24   Max: 180.31
Current: 13.56


MAWHY's Interest Coverage is ranked better than
60% of 315 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 8.72 vs MAWHY: 13.56

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


Man Wah Holdings Interest Coverage Historical Data

The historical data trend for Man Wah 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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Man Wah Holdings Interest Coverage Chart

Man Wah Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.46 14.05 26.44 36.02 15.69

Man Wah Holdings Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 38.24 34.43 22.64 11.60 15.64

Competitive Comparison of Man Wah Holdings's Interest Coverage

For the Furnishings, Fixtures & Appliances subindustry, Man Wah 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.


Man Wah Holdings's Interest Coverage Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Man Wah Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Man Wah Holdings's Interest Coverage falls into.



Man Wah 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.

Man Wah Holdings's Interest Coverage for the fiscal year that ended in Mar. 2023 is calculated as

Here, for the fiscal year that ended in Mar. 2023, Man Wah Holdings's Interest Expense was $-21 Mil. Its Operating Income was $329 Mil. And its Long-Term Debt & Capital Lease Obligation was $18 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2023 )/Interest Expense (A: Mar. 2023 )
=-1*329.341/-20.992
=15.69

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

Here, for the six months ended in Sep. 2023, Man Wah Holdings's Interest Expense was $-13 Mil. Its Operating Income was $196 Mil. And its Long-Term Debt & Capital Lease Obligation was $15 Mil.

Interest Coverage=-1* Operating Income (Q: Sep. 2023 )/Interest Expense (Q: Sep. 2023 )
=-1*195.85/-12.52
=15.64

* 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.


Man Wah Holdings  (OTCPK:MAWHY) 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 .


Man Wah Holdings Interest Coverage Related Terms

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


Man Wah Holdings (Man Wah Holdings) Business Description

Traded in Other Exchanges
Address
10-14 Kwei Tei Street, 1st Floor, Wah Lai Industrial Center, New Territories, Fotan, Hong Kong, HKG
Man Wah Holdings Ltd is an investment holding company. The company's segment includes Sofas and ancillary products; Bedding and ancillary products; Other products; Other business and Home Group business. It generates maximum revenue from the Sofas and ancillary products segment. Sofas and ancillary products segment manufacture and distribution of sofas and ancillary products through wholesale and distributors other than those by Home Group Ltd and its subsidiaries. Geographically, it derives a majority of its revenue from PRC (including Hong Kong and Macau).

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