Vico International Holdings (HKSE:01621) Interest Coverage : 21.98 (As of Sep. 2023)

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What is Vico International Holdings 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. Vico International Holdings's Operating Income for the six months ended in Sep. 2023 was HK$16 Mil. Vico International Holdings's Interest Expense for the six months ended in Sep. 2023 was HK$-1 Mil. Vico International Holdings's interest coverage for the quarter that ended in Sep. 2023 was 21.98. The higher the ratio, the stronger the company's financial strength is.

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

HKSE:01621' s Interest Coverage Range Over the Past 10 Years
Min: 6.66 Med: 25.11 Max: 61.32
Current: 11.3

HKSE:01621's Interest Coverage is ranked better than
62.19% of 759 companies
in the Oil & Gas industry
Industry Median: 6.73 vs HKSE:01621: 11.30

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

Vico International Holdings Interest Coverage Historical Data

The historical data trend for Vico International 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.

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Vico International Holdings Interest Coverage Chart

Vico International Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

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61.32

25.11

23.51

9.07

6.66

Vico International Holdings Semi-Annual Data
	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Coverage	Get a 7-Day Free Trial											24.01	-	12.11	0.44	21.98

Competitive Comparison of Vico International Holdings's Interest Coverage

For the Oil & Gas Refining & Marketing subindustry, Vico International 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.

Vico International Holdings's Interest Coverage Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Vico International Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Vico International Holdings's Interest Coverage falls into.

Vico International 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.

Vico International Holdings's Interest Coverage for the fiscal year that ended in Mar. 2023 is calculated as

Here, for the fiscal year that ended in Mar. 2023, Vico International Holdings's Interest Expense was HK$-2 Mil. Its Operating Income was HK$10 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$1 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	10.084	/	-1.514
	=	6.66

Vico International Holdings's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the six months ended in Sep. 2023, Vico International Holdings's Interest Expense was HK$-1 Mil. Its Operating Income was HK$16 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$0 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	15.807	/	-0.719
	=	21.98

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

Vico International Holdings (HKSE:01621) 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 .

Vico International Holdings Interest Coverage Related Terms

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

Vico International Holdings (HKSE:01621) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Vico International Holdings Ltd (HKSE:01621) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 10 Cheung Yue Street, Unit D, 11th Floor, Billion Plaza II, Cheung Sha Wan, Hong Kong, HKG

Website

https://www.vicointernational.hk

Vico International Holdings Ltd is engaged in the business of distribution of petrochemicals products. The company's portfolio of products comprises Diesel, Self-branded and third-party branded lubricant oil, and other petrochemicals such as Bitumen. The operating segments of the group are Sales of diesel; Provision of fleet card service; Sales of lubricant oil and Sales of others. The company derives the majority of its revenue from the Sales of the diesel segment. Geographically, the group has a business presence in Hong Kong; Macau, Vietnam, Dubai, and Malaysia, of which key revenue is generated from Hong Kong.

Vico International Holdings (HKSE:01621) Headlines

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