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Sun Hing Vision Group Holdings (HKSE:00125) Interest Coverage : 0 (At Loss) (As of Sep. 2023)


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What is Sun Hing Vision Group 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. Sun Hing Vision Group Holdings's Operating Income for the six months ended in Sep. 2023 was HK$-17.3 Mil. Sun Hing Vision Group Holdings's Interest Expense for the six months ended in Sep. 2023 was HK$-0.9 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 Sun Hing Vision Group Holdings's Interest Coverage or its related term are showing as below:


HKSE:00125's Interest Coverage is not ranked *
in the Retail - Cyclical industry.
Industry Median: 7.755
* 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.


Sun Hing Vision Group Holdings Interest Coverage Historical Data

The historical data trend for Sun Hing Vision Group 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.

* Premium members only.

Sun Hing Vision Group Holdings Interest Coverage Chart

Sun Hing Vision Group 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 80.76 - - 2.87 -

Sun Hing Vision Group 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 4.98 0.67 - - -

Competitive Comparison of Sun Hing Vision Group Holdings's Interest Coverage

For the Luxury Goods subindustry, Sun Hing Vision Group 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.


Sun Hing Vision Group Holdings's Interest Coverage Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where Sun Hing Vision Group Holdings's Interest Coverage falls into.



Sun Hing Vision Group 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.

Sun Hing Vision Group 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, Sun Hing Vision Group Holdings's Interest Expense was HK$-1.6 Mil. Its Operating Income was HK$-24.6 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$5.0 Mil.

Sun Hing Vision Group Holdings did not have earnings to cover the interest expense.

Sun Hing Vision Group Holdings's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the six months ended in Sep. 2023, Sun Hing Vision Group Holdings's Interest Expense was HK$-0.9 Mil. Its Operating Income was HK$-17.3 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$12.5 Mil.

Sun Hing Vision Group Holdings did not have earnings to cover the interest expense.

* 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.


Sun Hing Vision Group Holdings  (HKSE:00125) 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 .


Sun Hing Vision Group Holdings Interest Coverage Related Terms

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Sun Hing Vision Group Holdings (HKSE:00125) Business Description

Traded in Other Exchanges
N/A
Address
83 Hung To Road, 25 Floor, EGL Tower, Kwun Tong, Kowloon, Hong Kong, HKG
Sun Hing Vision Group Holdings Ltd is an investment holding company. Along with its subsidiaries, the firm engages in the design, manufacture, and distribution of premium eyewear products. It operates through the segments of Eyewear products; Contact lens and others. The company generates maximum revenue from the Eyewear products segment. Geographically, it derives a majority of revenue from Italy and also has a presence in Hong Kong; Japan; the United States and Other countries. The company's brand portfolio includes brand names such as New Balance, agnes b, Jill Stuart, Levi's and Kenzo.

Sun Hing Vision Group Holdings (HKSE:00125) Headlines

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