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MOG Digitech Holdings (HKSE:01942) Interest Coverage : 0 (At Loss) (As of Sep. 2022)


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What is MOG Digitech 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. MOG Digitech Holdings's Operating Income for the six months ended in Sep. 2022 was HK$-67.1 Mil. MOG Digitech Holdings's Interest Expense for the six months ended in Sep. 2022 was HK$-0.5 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 MOG Digitech Holdings's Interest Coverage or its related term are showing as below:


HKSE:01942's Interest Coverage is not ranked *
in the Medical Devices & Instruments industry.
Industry Median: 18.18
* 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.


MOG Digitech Holdings Interest Coverage Historical Data

The historical data trend for MOG Digitech 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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MOG Digitech Holdings Interest Coverage Chart

MOG Digitech Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21
Interest Coverage
16.30 18.24 26.16 20.16 16.28

MOG Digitech Holdings Semi-Annual Data
Mar17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 9.80 25.15 4.59 32.55 -

Competitive Comparison of MOG Digitech Holdings's Interest Coverage

For the Medical Instruments & Supplies subindustry, MOG Digitech 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.


MOG Digitech Holdings's Interest Coverage Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, MOG Digitech Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where MOG Digitech Holdings's Interest Coverage falls into.



MOG Digitech 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.

MOG Digitech Holdings's Interest Coverage for the fiscal year that ended in Mar. 2021 is calculated as

Here, for the fiscal year that ended in Mar. 2021, MOG Digitech Holdings's Interest Expense was HK$-1.4 Mil. Its Operating Income was HK$22.9 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$14.7 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2021 )/Interest Expense (A: Mar. 2021 )
=-1*22.877/-1.405
=16.28

MOG Digitech Holdings's Interest Coverage for the quarter that ended in Sep. 2022 is calculated as

Here, for the six months ended in Sep. 2022, MOG Digitech Holdings's Interest Expense was HK$-0.5 Mil. Its Operating Income was HK$-67.1 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$13.2 Mil.

MOG Digitech Holdings 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.


MOG Digitech Holdings  (HKSE:01942) 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 .


MOG Digitech Holdings Interest Coverage Related Terms

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MOG Digitech Holdings (HKSE:01942) Business Description

Traded in Other Exchanges
N/A
Address
No. 8655, 9 Shihua East Road, 84 Western Style Villa, Guangdong, Zhuhai, CHN, 519015
MOG Digitech Holdings Ltd is an investment holding company. It offers a wide range of optical products including lenses, frames, contact lenses, and sunglasses from international brands. Its operating segment includes Digital retail payment solutions hardware trading business, Sales of optical products, Franchise and license management, E-commerce, and Financing services. The company generates the majority of its revenue from the Digital retail payment solutions hardware trading business.

MOG Digitech Holdings (HKSE:01942) Headlines

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