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Ausupreme International Holdings (HKSE:02031) Interest Coverage : 41.32 (As of Sep. 2023)


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What is Ausupreme 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. Ausupreme International Holdings's Operating Income for the six months ended in Sep. 2023 was HK$20.8 Mil. Ausupreme International Holdings's Interest Expense for the six months ended in Sep. 2023 was HK$-0.5 Mil. Ausupreme International Holdings's interest coverage for the quarter that ended in Sep. 2023 was 41.32. The higher the ratio, the stronger the company's financial strength is.

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

HKSE:02031' s Interest Coverage Range Over the Past 10 Years
Min: 1.33   Med: 87.91   Max: No Debt
Current: 24.75


HKSE:02031's Interest Coverage is ranked better than
69.49% of 1380 companies
in the Consumer Packaged Goods industry
Industry Median: 8.61 vs HKSE:02031: 24.75

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


Ausupreme International Holdings Interest Coverage Historical Data

The historical data trend for Ausupreme 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.

* Premium members only.

Ausupreme International Holdings Interest Coverage Chart

Ausupreme International Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only No Debt 16.94 - - 1.33

Ausupreme International Holdings Semi-Annual Data
Mar14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 - - 0.29 1.92 41.32

Competitive Comparison of Ausupreme International Holdings's Interest Coverage

For the Household & Personal Products subindustry, Ausupreme 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.


Ausupreme International Holdings's Interest Coverage Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ausupreme International Holdings's Interest Coverage distribution charts can be found below:

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



Ausupreme 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.

Ausupreme 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, Ausupreme International Holdings's Interest Expense was HK$-0.6 Mil. Its Operating Income was HK$0.8 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$6.7 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2023 )/Interest Expense (A: Mar. 2023 )
=-1*0.757/-0.568
=1.33

Ausupreme 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, Ausupreme International Holdings's Interest Expense was HK$-0.5 Mil. Its Operating Income was HK$20.8 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$8.3 Mil.

Interest Coverage=-1* Operating Income (Q: Sep. 2023 )/Interest Expense (Q: Sep. 2023 )
=-1*20.785/-0.503
=41.32

* 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.


Ausupreme International Holdings  (HKSE:02031) 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 .


Ausupreme International Holdings Interest Coverage Related Terms

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


Ausupreme International Holdings (HKSE:02031) Business Description

Traded in Other Exchanges
N/A
Address
83 Hung To Road, East Yingyou Plaza, Office E, 28th Floor, EGL Tower, Kwun Tong, Kowloon, Hong Kong, HKG
Ausupreme International Holdings Ltd is principally a Hong Kong-based brand builder, retailer, and wholesaler of health and personal care products focusing on the development, marketing, sales, and distribution of branded products. The revenue is recognized from the sale of health supplement products, honey and pollen products, and personal care products. The vast majority is earned from the sale of health supplement products within Hong Kong.
Executives
Beatitudes International Ltd. 2101 Beneficial owner
Choy Chi Fai 2201 Interest of corporation controlled by you
Ho Ka Man 2201 Interest of corporation controlled by you
Gao Yuan 2101 Beneficial owner

Ausupreme International Holdings (HKSE:02031) Headlines

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