GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Evergreen Products Group Ltd (HKSE:01962) » Definitions » Interest Coverage

Evergreen Products Group (HKSE:01962) Interest Coverage : 2.04 (As of Dec. 2024)


View and export this data going back to 2017. Start your Free Trial

What is Evergreen Products 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. Evergreen Products Group's Operating Income for the six months ended in Dec. 2024 was HK$41 Mil. Evergreen Products Group's Interest Expense for the six months ended in Dec. 2024 was HK$-20 Mil. Evergreen Products Group's interest coverage for the quarter that ended in Dec. 2024 was 2.04. The higher the ratio, the stronger the company's financial strength is.

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

HKSE:01962' s Interest Coverage Range Over the Past 10 Years
Min: 0.96   Med: 4.46   Max: 8.7
Current: 2.05


HKSE:01962's Interest Coverage is ranked worse than
81.25% of 1472 companies
in the Consumer Packaged Goods industry
Industry Median: 8.36 vs HKSE:01962: 2.05

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


Evergreen Products Group Interest Coverage Historical Data

The historical data trend for Evergreen Products 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.

Evergreen Products Group Interest Coverage Chart

Evergreen Products 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 0.96 3.98 3.14 2.32 2.05

Evergreen Products Group Semi-Annual Data
Dec14 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 3.23 2.23 2.41 2.06 2.04

Competitive Comparison of Evergreen Products Group's Interest Coverage

For the Household & Personal Products subindustry, Evergreen Products 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.


Evergreen Products Group's Interest Coverage Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Evergreen Products Group's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Evergreen Products Group's Interest Coverage falls into.


;
;

Evergreen Products 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.

Evergreen Products 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, Evergreen Products Group's Interest Expense was HK$-41 Mil. Its Operating Income was HK$84 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$64 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2024 )/Interest Expense (A: Dec. 2024 )
=-1*84.061/-40.972
=2.05

Evergreen Products Group's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the six months ended in Dec. 2024, Evergreen Products Group's Interest Expense was HK$-20 Mil. Its Operating Income was HK$41 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$64 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2024 )/Interest Expense (Q: Dec. 2024 )
=-1*41.136/-20.17
=2.04

* 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.


Evergreen Products Group  (HKSE:01962) 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 .


Evergreen Products Group Interest Coverage Related Terms

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


Evergreen Products Group Business Description

Traded in Other Exchanges
N/A
Address
30-32 Kung Yip Street, 11th Floor, Chiap Luen Industrial Building, Kwai Chung, New Territories, Hong Kong, HKG
Evergreen Products Group Ltd is a manufacturer of hair goods. The group designs, manufactures, and sells a wide range of hair goods made with synthetic fibers and human hair, including wigs, hairpieces, braids, and high-end human hair extensions. It boasts a comprehensive product portfolio targeted at different ethnic groups and the Halloween market. Its geographical segments are the United States, Hong Kong, China, Bangladesh, the United Kingdom, Japan, Germany, and others, of which the majority of its revenue comes from Bangladesh.
Executives
Precision Global Capital Management Llc 2102 Investment manager
Hsbc International Trustee Limited 2301 Trustee
Clc Investment Worldwide Limited 2201 Interest of corporation controlled by you
Evergreen Enterprise Holdings Limited 2101 Beneficial owner
Fc Investment Worldwide Limited 2201 Interest of corporation controlled by you
Golden Evergreen Limited 2201 Interest of corporation controlled by you
Seavi Advent Investments Ltd 2101 Beneficial owner
Chang Yoe Chong Felix 2101 Beneficial owner
Wong Hor Yan 2202 Interest of your spouse
Chang Chih Lung 2307 Founder of a discretionary trust who can infl

Evergreen Products Group Headlines

No Headlines