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Wing On Co International (HKSE:00289) Interest Coverage : 54.06 (As of Dec. 2024)


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What is Wing On Co International 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. Wing On Co International's Operating Income for the six months ended in Dec. 2024 was HK$87.0 Mil. Wing On Co International's Interest Expense for the six months ended in Dec. 2024 was HK$-1.6 Mil. Wing On Co International's interest coverage for the quarter that ended in Dec. 2024 was 54.06. 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. Wing On Co International Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Wing On Co International's Interest Coverage or its related term are showing as below:

HKSE:00289' s Interest Coverage Range Over the Past 10 Years
Min: 56.61   Med: 100.98   Max: 641.16
Current: 61.05


HKSE:00289's Interest Coverage is ranked better than
84.03% of 795 companies
in the Retail - Cyclical industry
Industry Median: 7.6 vs HKSE:00289: 61.05

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


Wing On Co International Interest Coverage Historical Data

The historical data trend for Wing On Co International'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.

Wing On Co International Interest Coverage Chart

Wing On Co International Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 218.93 178.78 300.30 641.16 61.05

Wing On Co International Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 370.20 932.90 476.88 67.32 54.06

Competitive Comparison of Wing On Co International's Interest Coverage

For the Department Stores subindustry, Wing On Co International'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.


Wing On Co International's Interest Coverage Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Wing On Co International's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Wing On Co International's Interest Coverage falls into.


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Wing On Co International 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.

Wing On Co International'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, Wing On Co International's Interest Expense was HK$-3.4 Mil. Its Operating Income was HK$207.7 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$19.1 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2024 )/Interest Expense (A: Dec. 2024 )
=-1*207.679/-3.402
=61.05

Wing On Co International's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the six months ended in Dec. 2024, Wing On Co International's Interest Expense was HK$-1.6 Mil. Its Operating Income was HK$87.0 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$19.1 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2024 )/Interest Expense (Q: Dec. 2024 )
=-1*87.036/-1.61
=54.06

* 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.


Wing On Co International  (HKSE:00289) 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 .


Wing On Co International Interest Coverage Related Terms

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


Wing On Co International Business Description

Traded in Other Exchanges
N/A
Address
211 Des Voeux Road Central, 7th Floor, Wing On Centre, Hong Kong, HKG
Wing On Co International Ltd operates department stores. It also invests in properties. The company has two segments namely, Department Stores and Property Investment. The department stores segment operates department stores in Hong Kong, while the Property Investment segment engages in leasing commercial premises to generate rental income. Its investment property portfolio is spread across Hong Kong, Australia, the United States of America, and the PRC. The firm derives the majority of its revenues from the department stores segment.
Executives
Kee Wai Investment Company (bvi) Limited 2201 Interest of corporation controlled by you
Wing On Corporate Management (bvi) Limited 2201 Interest of corporation controlled by you
Wing On International Holdings Limited 2201 Interest of corporation controlled by you

Wing On Co International Headlines

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