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Sun King Technology Group (HKSE:00580) Interest Coverage : 10.51 (As of Dec. 2024)


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What is Sun King Technology Group 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 King Technology Group's Operating Income for the six months ended in Dec. 2024 was HK$106 Mil. Sun King Technology Group's Interest Expense for the six months ended in Dec. 2024 was HK$-10 Mil. Sun King Technology Group's interest coverage for the quarter that ended in Dec. 2024 was 10.51. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Sun King Technology Group's Interest Coverage or its related term are showing as below:

HKSE:00580' s Interest Coverage Range Over the Past 10 Years
Min: 1.55   Med: 8.85   Max: 14.87
Current: 8.68


HKSE:00580's Interest Coverage is ranked worse than
59.53% of 1601 companies
in the Hardware industry
Industry Median: 13.09 vs HKSE:00580: 8.68

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 King Technology Group Interest Coverage Historical Data

The historical data trend for Sun King Technology Group'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 King Technology Group Interest Coverage Chart

Sun King Technology Group 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 9.00 4.39 1.55 2.21 8.69

Sun King Technology Group 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 5.89 - 6.44 6.67 10.51

Competitive Comparison of Sun King Technology Group's Interest Coverage

For the Electronic Components subindustry, Sun King Technology Group'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 King Technology Group's Interest Coverage Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Sun King Technology Group's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Sun King Technology Group's Interest Coverage falls into.


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Sun King Technology Group 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 King Technology Group'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, Sun King Technology Group's Interest Expense was HK$-19 Mil. Its Operating Income was HK$167 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$52 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2024 )/Interest Expense (A: Dec. 2024 )
=-1*166.69/-19.189
=8.69

Sun King Technology Group's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the six months ended in Dec. 2024, Sun King Technology Group's Interest Expense was HK$-10 Mil. Its Operating Income was HK$106 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$52 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2024 )/Interest Expense (Q: Dec. 2024 )
=-1*105.845/-10.07
=10.51

* 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 King Technology Group  (HKSE:00580) 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 King Technology Group Interest Coverage Related Terms

Thank you for viewing the detailed overview of Sun King Technology Group's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Sun King Technology Group Business Description

Traded in Other Exchanges
N/A
Address
Building 9-A, Yuhua Road, Airport Industrial, Zone B, KongGangRongHuiYuan, Shunyi District, Beijing, CHN, 101318
Sun King Technology Group Ltd is an investment holding company engaged in the business of manufacturing and trading power electronic components. The products offered by the group are categorized into applied industries, namely, power transmission and distribution, electrified transportation and industrial, and others. Its product categories are Anode Saturable Reactors, ABB's Semiconductors, Power Quality Improved Equipment, Power Electronic Devices, Power Electronic Capacitors, Busbars, Digital IGBT Gate Units, Power Capacitors, Power Grid Status Monitoring, and Others. The group mainly operates in the PRC.
Executives
Meng Fankun
Xiang Jie
Jiekun Limited
Sapphire Skye Holdings Limited 2306 Nominee for another person
Zedra Trust Company (singapore) Limited
Max Vision Holdings Limited 2101 Beneficial owner

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