China-Hongkong Photo Products Holdings (HKSE:01123) Interest Coverage: 5.78 (As of Mar. 2026) — 52% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HKSE:01123 China-Hongkong Photo Products Holdings Ltd HKSE:01123
47 GF Score
Price HK$0.14
GF Value HK$0.12
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is China-Hongkong Photo Products Holdings Interest Coverage?

China-Hongkong Photo Products Holdings HKSE:01123 -0.71% 47 Interest Coverage is 5.78 as of Mar. 2026, which is 52% below its 10-year median of 11.97. GuruFocus rates HKSE:01123 with a GF Score™ of 47/100 and a GF Value™ of HK$0.12 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 617 Travel & Leisure companies, China-Hongkong Photo Products Holdings ranks better than 57.7% on this metric.

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. China-Hongkong Photo Products Holdings's Operating Income for the six months ended in Mar. 2026 was HK$7.9 Mil. China-Hongkong Photo Products Holdings's Interest Expense for the six months ended in Mar. 2026 was HK$-1.4 Mil. China-Hongkong Photo Products Holdings's interest coverage for the quarter that ended in Mar. 2026 was 5.78. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for China-Hongkong Photo Products Holdings's Interest Coverage or its related term are showing as below:

HKSE:01123' s Interest Coverage Range Over the Past 10 Years
Min: 3.64   Med: 11.97   Max: No Debt
Current: 7.84


HKSE:01123's Interest Coverage is ranked better than
57.7% of 617 companies
in the Travel & Leisure industry
Industry Median: 5.22 vs HKSE:01123: 7.84

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


China-Hongkong Photo Products Holdings  (HKSE:01123) 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 .


China-Hongkong Photo Products Holdings Interest Coverage Related Terms


China-Hongkong Photo Products Holdings Interest Coverage Historical Data

* Premium members only.

The historical data trend for China-Hongkong Photo Products 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.

China-Hongkong Photo Products Holdings Interest Coverage Chart

China-Hongkong Photo Products Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 6.83 11.97 3.64 7.84

China-Hongkong Photo Products Holdings Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 0.64 10.71 0.00 9.73 5.78

HKSE:01123 vs AS, HAS, LTH: Interest Coverage Comparison

For the Leisure subindustry, China-Hongkong Photo Products 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.


China-Hongkong Photo Products Holdings Interest Coverage vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, China-Hongkong Photo Products Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where China-Hongkong Photo Products Holdings's Interest Coverage falls into.


HKSE:01123
47GF Score
China-Hongkong Photo Products Holdings Ltd HKSE:01123
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China-Hongkong Photo Products 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.

China-Hongkong Photo Products Holdings's Interest Coverage for the fiscal year that ended in Mar. 2026 is calculated as

Here, for the fiscal year that ended in Mar. 2026, China-Hongkong Photo Products Holdings's Interest Expense was HK$-2.9 Mil. Its Operating Income was HK$22.4 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$23.7 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*22.398/-2.857
=7.84

China-Hongkong Photo Products Holdings's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the six months ended in Mar. 2026, China-Hongkong Photo Products Holdings's Interest Expense was HK$-1.4 Mil. Its Operating Income was HK$7.9 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$23.7 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*7.888/-1.365
=5.78

* 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.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 5.78 mean?
China-Hongkong Photo Products Holdings (HKSE:01123) has a Interest Coverage of 5.78 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on China-Hongkong Photo Products Holdings and its competitors. This is 52% below median its historical median of 11.97. Over the past decade, China-Hongkong Photo Products Holdings' Interest Coverage has ranged from 3.64 to 10,000.00. According to the industry distribution chart, China-Hongkong Photo Products Holdings ranks #261 out of 617 companies in the Travel & Leisure industry, placing it in the top 42.3%.
Is China-Hongkong Photo Products Holdings' Interest Coverage too high?
China-Hongkong Photo Products Holdings' current Interest Coverage of 5.78 is 52% below median its 10-year median of 11.97. Over the past 10 years, this metric has ranged from a low of 3.64 to a high of 10,000.00. The Travel & Leisure industry median Interest Coverage is 5.22. China-Hongkong Photo Products Holdings' value of 5.78 is 10.7% above this industry median. Based on the distribution chart, China-Hongkong Photo Products Holdings ranks #261 out of 617 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, China-Hongkong Photo Products Holdings has a GF Score™ of 47/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does China-Hongkong Photo Products Holdings' Interest Coverage compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, China-Hongkong Photo Products Holdings ranks #261 out of 617 companies for Interest Coverage. This puts China-Hongkong Photo Products Holdings in the upper half of its industry. The industry median Interest Coverage is 5.22. China-Hongkong Photo Products Holdings' value of 5.78 is 10.7% above this benchmark. Historically, China-Hongkong Photo Products Holdings' own Interest Coverage has ranged from 3.64 to 10,000.00 over the past decade. While the company's 10-year median is 11.97 vs. the industry median of 5.22, China-Hongkong Photo Products Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Travel & Leisure company?
The median Interest Coverage among Travel & Leisure companies is 5.22, based on 617 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. China-Hongkong Photo Products Holdings's current Interest Coverage of 5.78 is 10.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on China-Hongkong Photo Products Holdings and its competitors. For the Travel & Leisure industry, the median Interest Coverage is 5.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China-Hongkong Photo Products Holdings's current Interest Coverage is 5.78, which is 52% below median its own 10-year median of 11.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China-Hongkong Photo Products Holdings stock overvalued right now?
Based on GuruFocus' analysis, China-Hongkong Photo Products Holdings (HKSE:01123) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$0.12, compared to a current price of HK$0.14 — trading 15.8% above its estimated fair value. The current Interest Coverage is 5.78, which is 52% below median its 10-year median of 11.97 and 10.7% above the Travel & Leisure industry median of 5.22. China-Hongkong Photo Products Holdings' overall GF Score™ is 47/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For China-Hongkong Photo Products Holdings (HKSE:01123), the current Interest Coverage is 5.78 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is China-Hongkong Photo Products Holdings (HKSE:01123) Overvalued in 2026?

Based on GuruFocus' analysis, China-Hongkong Photo Products Holdings stock appears to be overvalued. The current stock price of HK$0.14 is trading 15.8% above its estimated GF Value™ of HK$0.12. GuruFocus considers China-Hongkong Photo Products Holdings to be Modestly Overvalued.

Key valuation signals for HKSE:01123:

  • Interest Coverage: 5.78 (52% below median its 10-year median of 11.97)
  • GF Value™: HK$0.12 vs. price of HK$0.14 (15.8% above fair value)
  • GF Score™: 47/100 with 8 warning signs
  • Industry Position: 10.7% above the Travel & Leisure median (#261 of 617)

No single metric tells the full story. See the HKSE:01123 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China-Hongkong Photo Products Holdings Business Description

Address 220-248 Texaco Road, 8th Floor, Tsuen Wan Industrial Centre, Tsuen Wan, Hong Kong, HKG
China-Hongkong Photo Products Holdings Ltd is an investment holding company. The company's operating segment includes Merchandise; Service; Investment and Corporate and others. The Merchandise segment is engaged in the marketing and distribution of photographic developing, processing and printing products as well as the sale of photographic merchandise, skincare products, consumer electronic products, and household appliances. It generates maximum revenue from the Merchandise segment. Geographically, it derives a majority of revenue from Hong Kong.
47GF Score

Get the complete analysis for HKSE:01123

Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$0.14
Price
HK$0.12
GF Value