Oriental Enterprise Holdings (HKSE:00018) Interest Coverage : 42.00 (As of Sep. 2023)

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What is Oriental Enterprise 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. Oriental Enterprise Holdings's Operating Income for the six months ended in Sep. 2023 was HK$34.8 Mil. Oriental Enterprise Holdings's Interest Expense for the six months ended in Sep. 2023 was HK$-0.8 Mil. Oriental Enterprise Holdings's interest coverage for the quarter that ended in Sep. 2023 was 42.00. 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. Oriental Enterprise Holdings Ltd has enough cash to cover all of its debt. Its financial situation is stable.

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

HKSE:00018' s Interest Coverage Range Over the Past 10 Years
Min: 102.91 Med: 367.28 Max: 638.74
Current: 102.91

HKSE:00018's Interest Coverage is ranked better than
76.94% of 620 companies
in the Media - Diversified industry
Industry Median: 11.615 vs HKSE:00018: 102.91

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

Oriental Enterprise Holdings Interest Coverage Historical Data

The historical data trend for Oriental Enterprise 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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Oriental Enterprise Holdings Interest Coverage Chart

Oriental Enterprise Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

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334.23

284.27

575.43

638.74

590.51

Oriental Enterprise 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															639.39	638.07	649.01	523.23	42.00

Competitive Comparison of Oriental Enterprise Holdings's Interest Coverage

For the Publishing subindustry, Oriental Enterprise 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.

Oriental Enterprise Holdings's Interest Coverage Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Oriental Enterprise Holdings's Interest Coverage distribution charts can be found below:

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

Oriental Enterprise 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.

Oriental Enterprise 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, Oriental Enterprise Holdings's Interest Expense was HK$-0.3 Mil. Its Operating Income was HK$152.4 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$0.0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	152.351	/	-0.258
	=	590.51

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

Here, for the six months ended in Sep. 2023, Oriental Enterprise Holdings's Interest Expense was HK$-0.8 Mil. Its Operating Income was HK$34.8 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$0.0 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	34.772	/	-0.828
	=	42.00

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

Oriental Enterprise Holdings (HKSE:00018) 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 .

Oriental Enterprise Holdings Interest Coverage Related Terms

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

Oriental Enterprise Holdings (HKSE:00018) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Oriental Enterprise Holdings Ltd (HKSE:00018) » Definitions » Interest Coverage

Traded in Other Exchanges

OPQ:Germany

Address

23 Dai Cheong Street, Oriental Media Centre, Tai Po Industrial Estate, Hong Kong, HKG

Website

https://oeh.on.cc

Oriental Enterprise Holdings Ltd, formerly Oriental Press Group Ltd is a Hong Kong-based company engaged in the publication of newspapers including internet subscription and advertising income. The firm operates in the reportable segments of Publication of newspapers, Money lending business and Others. The Publication of newspapers segment, which acts as a major revenue earner, includes internet subscription and relevant advertising income. The revenue of other operating segments includes rental income from investment properties, license fee income from hotel property and income from restaurant operation. It has a geographic presence in Hong Kong and Australia.

Executives

Conyers Trustee Services (bvi) Limited	2301 Trustee
Marsun Holdings Limited	2201 Interest of corporation controlled by you
Ocean Greatness Limited	2201 Interest of corporation controlled by you
Ever Holdings Limited	2101 Beneficial owner
Hung Mui Fong	2202 Interest of your spouse
Ma Ching Fat	2307 Founder of a discretionary trust who can infl

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