Shirble Department Store Holdings (China) (HKSE:00312) Interest Coverage : 1.03 (As of Jun. 2024)

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What is Shirble Department Store Holdings (China) 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. Shirble Department Store Holdings (China)'s Operating Income for the six months ended in Jun. 2024 was HK$44.5 Mil. Shirble Department Store Holdings (China)'s Interest Expense for the six months ended in Jun. 2024 was HK$-43.2 Mil. Shirble Department Store Holdings (China)'s interest coverage for the quarter that ended in Jun. 2024 was 1.03. 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. Shirble Department Store Holdings (China) Ltd interest coverage is 1.2, which is low.

The historical rank and industry rank for Shirble Department Store Holdings (China)'s Interest Coverage or its related term are showing as below:

HKSE:00312' s Interest Coverage Range Over the Past 10 Years
Min: 0.22 Med: 5.59 Max: No Debt
Current: 1.2

HKSE:00312's Interest Coverage is ranked worse than
89.27% of 792 companies
in the Retail - Cyclical industry
Industry Median: 7.785 vs HKSE:00312: 1.20

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

Shirble Department Store Holdings (China) Interest Coverage Historical Data

The historical data trend for Shirble Department Store Holdings (China)'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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Shirble Department Store Holdings (China) Interest Coverage Chart

Shirble Department Store Holdings (China) Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Coverage

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2.78

0.22

0.80

1.37

1.20

Shirble Department Store Holdings (China) 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															1.21	1.49	1.24	1.03	1.40

Competitive Comparison of Shirble Department Store Holdings (China)'s Interest Coverage

For the Department Stores subindustry, Shirble Department Store Holdings (China)'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.

Shirble Department Store Holdings (China)'s Interest Coverage Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Shirble Department Store Holdings (China)'s Interest Coverage distribution charts can be found below:

* The bar in red indicates where Shirble Department Store Holdings (China)'s Interest Coverage falls into.

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Shirble Department Store Holdings (China) 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.

Shirble Department Store Holdings (China)'s Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Shirble Department Store Holdings (China)'s Interest Expense was HK$-75.1 Mil. Its Operating Income was HK$102.5 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$715.1 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	102.541	/	-75.079
	=	1.37

Shirble Department Store Holdings (China)'s Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Here, for the six months ended in Jun. 2024, Shirble Department Store Holdings (China)'s Interest Expense was HK$-43.2 Mil. Its Operating Income was HK$44.5 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$855.5 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	44.489	/	-43.245
	=	1.03

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

Shirble Department Store Holdings (China) (HKSE:00312) 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 .

Shirble Department Store Holdings (China) Interest Coverage Related Terms

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Shirble Department Store Holdings (China) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Shirble Department Store Holdings (China) Ltd (HKSE:00312) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

Renmin South Road, 33rd Floor, Building 1, Shenzhen Development Center, Luohu District, Shenzhen, CHN

Website

http://www.shirblehk.com

Shirble Department Store Holdings (China) Ltd is an investment holding company operating in department stores business. Different range of merchandise is offered in the company's department stores, including daily consumer products, household necessities, footwear, textiles, apparel, cosmetics, children's and households' goods and electrical appliances. The group operates in two business segments namely Department stores business, and Others. It generates maximum revenue from Department stores business. The Group's revenue and non-current assets are attributable to the market in the PRC.

Executives

Hao Jian Min
Huang Xue Rong	2304 Executor or administrator
Yang Xiang Bo	2201 Interest of corporation controlled by you
Su Chen	2202 Interest of your spouse

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