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V.S. International Group (HKSE:01002) Interest Coverage : 0 (At Loss) (As of Jul. 2024)


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What is V.S. International 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. V.S. International Group's Operating Income for the six months ended in Jul. 2024 was HK$-36.73 Mil. V.S. International Group's Interest Expense for the six months ended in Jul. 2024 was HK$-0.97 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 V.S. International Group's Interest Coverage or its related term are showing as below:


HKSE:01002's Interest Coverage is not ranked *
in the Chemicals industry.
Industry Median: 9.7
* 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.


V.S. International Group Interest Coverage Historical Data

The historical data trend for V.S. International 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.

V.S. International Group Interest Coverage Chart

V.S. International Group Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.32 1.37 - -

V.S. International Group Semi-Annual Data
Jan15 Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24
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 - - - - -

Competitive Comparison of V.S. International Group's Interest Coverage

For the Specialty Chemicals subindustry, V.S. International 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.


V.S. International Group's Interest Coverage Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, V.S. International Group's Interest Coverage distribution charts can be found below:

* The bar in red indicates where V.S. International Group's Interest Coverage falls into.


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V.S. International 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.

V.S. International Group's Interest Coverage for the fiscal year that ended in Jul. 2023 is calculated as

Here, for the fiscal year that ended in Jul. 2023, V.S. International Group's Interest Expense was HK$-1.92 Mil. Its Operating Income was HK$-15.68 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$0.00 Mil.

V.S. International Group did not have earnings to cover the interest expense.

V.S. International Group's Interest Coverage for the quarter that ended in Jul. 2024 is calculated as

Here, for the six months ended in Jul. 2024, V.S. International Group's Interest Expense was HK$-0.97 Mil. Its Operating Income was HK$-36.73 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$42.58 Mil.

V.S. International Group 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.


V.S. International Group  (HKSE:01002) 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 .


V.S. International Group Interest Coverage Related Terms

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


V.S. International Group Business Description

Traded in Other Exchanges
N/A
Address
1 Connaught Place, 40th Floor, Jardine House, Central, Hong kong, HKG
V.S. International Group Ltd is an investment holding company. It is engaged in the plastic injection and moulding business. It operates in three segments. The Plastic injection and moulding segment, which is the key revenue driver, manufactures and sells plastic moulded products and parts; the Assembling of electronic products segment assembles and sells electronic products, this segment also includes processing fees generated from assembling electronic products; the Mould design and fabrication segment manufactures and sells plastic injection moulds.
Executives
V.s. Industry Berhad 2101 Beneficial owner
Lui Chong Huat 2101 Beneficial owner
Wan Poh Ping 2202 Interest of your spouse
Beh Kim Ling 2101 Beneficial owner
B&e Holding Limited 2101 Beneficial owner
Beh Kim Siea 2201 Interest of corporation controlled by you

V.S. International Group Headlines

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