Shriro Holdings (ASX:SHM) Interest Coverage : 0 (At Loss) (As of Dec. 2023)

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What is Shriro 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. Shriro Holdings's Operating Income for the six months ended in Dec. 2023 was A$8.3 Mil. Shriro Holdings's Interest Expense for the six months ended in Dec. 2023 was A$0.3 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

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

ASX:SHM's Interest Coverage is not ranked ^*
in the Retail - Cyclical industry.
Industry Median: 7.585
* Ranked among companies with meaningful Interest Coverage only.

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

Shriro Holdings Interest Coverage Historical Data

The historical data trend for Shriro 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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Shriro Holdings Interest Coverage Chart

Shriro Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Jun22

Jun23

Interest Coverage

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14.07

25.65

74.43

57.54

91.86

Shriro Holdings Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial												31.29	-	28.91	-	-

Competitive Comparison of Shriro Holdings's Interest Coverage

For the Specialty Retail subindustry, Shriro 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.

Shriro Holdings's Interest Coverage Distribution in the Retail - Cyclical Industry

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

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

Shriro 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.

Shriro Holdings's Interest Coverage for the fiscal year that ended in Jun. 2023 is calculated as

Here, for the fiscal year that ended in Jun. 2023, Shriro Holdings's Interest Expense was A$-0.1 Mil. Its Operating Income was A$13.7 Mil. And its Long-Term Debt & Capital Lease Obligation was A$9.5 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Jun. 2023 )	/	Interest Expense (A: Jun. 2023 )
	=	-1	*	13.687	/	-0.149
	=	91.86

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

Here, for the six months ended in Dec. 2023, Shriro Holdings's Interest Expense was A$0.3 Mil. Its Operating Income was A$8.3 Mil. And its Long-Term Debt & Capital Lease Obligation was A$8.1 Mil.

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

Shriro Holdings (ASX:SHM) 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 .

Shriro Holdings Interest Coverage Related Terms

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

Shriro Holdings (ASX:SHM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Shriro Holdings Ltd (ASX:SHM) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

67 Albert Avenue, Level 7, Chatswood, NSW, AUS, 2067

Website

https://www.shriro.com.au

Shriro Holdings Ltd is engaged in the marketing and distribution of home appliances and consumer electronics. Its brands include Casio, Robinhood, Everdure, and others. Its products include ovens, cooktops, range hoods, dishwashers, sinks, taps, ironing systems, laundry tubs, ducting solutions, watches, calculators, electronic musical instruments, projectors, point-of-sale terminals, barbeques, heaters, fans, air purifiers/ dehumidifiers, waste disposal, ducting solutions, fashion, car audio, professional DJ, amplifiers, Hi-Fi products and speakers, and accessories. Its segment includes Australia, New Zealand, and Rest of the world markets. The company derives the majority of its revenues from the Australian segment.