GLGLF (GLG Life Tech) Interest Coverage : 0.05 (As of Mar. 2025)

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What is GLG Life Tech 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. GLG Life Tech's Operating Income for the three months ended in Mar. 2025 was $0.11 Mil. GLG Life Tech's Interest Expense for the three months ended in Mar. 2025 was $-2.18 Mil. GLG Life Tech's interest coverage for the quarter that ended in Mar. 2025 was 0.05. 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. GLG Life Tech Corps earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

The historical rank and industry rank for GLG Life Tech's Interest Coverage or its related term are showing as below:

GLGLF' s Interest Coverage Range Over the Past 10 Years
Min: 0.1 Med: 0.2 Max: 0.29
Current: 0.11

GLGLF's Interest Coverage is not ranked
in the Consumer Packaged Goods industry.
Industry Median: 8.48 vs GLGLF: 0.11

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

GLG Life Tech Interest Coverage Historical Data

The historical data trend for GLG Life Tech'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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GLG Life Tech Interest Coverage Chart

GLG Life Tech Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Coverage

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0.29

0.10

GLG Life Tech Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Interest Coverage	Get a 7-Day Free Trial															0.02	0.08	0.07	0.38	0.05

Competitive Comparison of GLG Life Tech's Interest Coverage

For the Farm Products subindustry, GLG Life Tech'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.

GLG Life Tech's Interest Coverage Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, GLG Life Tech's Interest Coverage distribution charts can be found below:

* The bar in red indicates where GLG Life Tech's Interest Coverage falls into.

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GLG Life Tech 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.

GLG Life Tech's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, GLG Life Tech's Interest Expense was $-7.88 Mil. Its Operating Income was $0.82 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.60 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2024 )	/	Interest Expense (A: Dec. 2024 )
	=	-1	*	0.824	/	-7.876
	=	0.10

GLG Life Tech's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the three months ended in Mar. 2025, GLG Life Tech's Interest Expense was $-2.18 Mil. Its Operating Income was $0.11 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.59 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2025 )	/	Interest Expense (Q: Mar. 2025 )
	=	-1	*	0.105	/	-2.184
	=	0.05

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

GLG Life Tech (OTCPK:GLGLF) 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 .

GLG Life Tech Interest Coverage Related Terms

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

GLG Life Tech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » GLG Life Tech Corp (OTCPK:GLGLF) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

13071 Vanier Place, Suite 280, Richmond, BC, CAN, V6V 2J1

Website

https://www.glglifetech.com

GLG Life Tech Corp is engaged in the manufacturing and sales of refined forms of stevia and monk fruit. It operates through a single segment of Natural Sweeteners Products. Some of its brands are RebPure, TasteBoost, BevSweet, BakeZeroCal, and GoZero. The company's geographical segments are China and North America, of which the majority of its revenue comes from North America.