GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Time Watch Investments Ltd (HKSE:02033) » Definitions » Interest Coverage

Time Watch Investments (HKSE:02033) Interest Coverage : 0 (At Loss) (As of Dec. 2024)


View and export this data going back to 2013. Start your Free Trial

What is Time Watch Investments 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. Time Watch Investments's Operating Income for the six months ended in Dec. 2024 was HK$-51.5 Mil. Time Watch Investments's Interest Expense for the six months ended in Dec. 2024 was HK$-0.2 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 Time Watch Investments's Interest Coverage or its related term are showing as below:


HKSE:02033's Interest Coverage is not ranked *
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 5.135
* 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.


Time Watch Investments Interest Coverage Historical Data

The historical data trend for Time Watch Investments'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.

Time Watch Investments Interest Coverage Chart

Time Watch Investments Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 150.22 267.52 - 35.33 -

Time Watch Investments Semi-Annual Data
Jun15 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 - 151.70 - 35.81 -

Competitive Comparison of Time Watch Investments's Interest Coverage

For the Footwear & Accessories subindustry, Time Watch Investments'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.


Time Watch Investments's Interest Coverage Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Time Watch Investments's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Time Watch Investments's Interest Coverage falls into.


;
;

Time Watch Investments 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.

Time Watch Investments's Interest Coverage for the fiscal year that ended in Jun. 2024 is calculated as

Here, for the fiscal year that ended in Jun. 2024, Time Watch Investments's Interest Expense was HK$-0.6 Mil. Its Operating Income was HK$-5.4 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$7.2 Mil.

Time Watch Investments did not have earnings to cover the interest expense.

Time Watch Investments's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the six months ended in Dec. 2024, Time Watch Investments's Interest Expense was HK$-0.2 Mil. Its Operating Income was HK$-51.5 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$5.4 Mil.

Time Watch Investments 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.


Time Watch Investments  (HKSE:02033) 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 .


Time Watch Investments Interest Coverage Related Terms

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


Time Watch Investments Business Description

Traded in Other Exchanges
N/A
Address
77 Wing Hong Street, 27th Floor, CEO Tower, Kowloon, Hong Kong, HKG
Time Watch Investments Ltd is an investment holding company that operates as a manufacturer, brand-owner, and retailer of watches in the People's Republic of China (PRC). The company operates through following segments: Tian Wang Watch Business, Watch Movements Trading Business, and Other Brands (PRC) Business. The company generates maximum revenue from the Tian Wang Watch Business that involves manufacturing, the wholesale and retail business of owned brand watches, Tian Wang Watch. Its geographical segments include the PRC, which is the key revenue generator, and the Asia Pacific.
Executives
Webb David Michael 2101 Beneficial owner
Tung Koon Ming 2305 Beneficiary of a trust
Tung Koon Ming Family (ptc) Limited 2301 Trustee
Red Glory Investments Limited
Tam Fun Hung
Areo Holdings Limited 2201 Interest of corporation controlled by you
Oav Holdings, L.p. 2201 Interest of corporation controlled by you
Orchid Asia V Gp, Limited 2201 Interest of corporation controlled by you
Orchid Asia V Group Management, Limited 2201 Interest of corporation controlled by you
Orchid Asia V Group, Limited 2201 Interest of corporation controlled by you
Orchid Asia V, L.p. 2101 Beneficial owner
Lam Lai Ming 2201 Interest of corporation controlled by you
Li Gabriel 2201 Interest of corporation controlled by you

Time Watch Investments Headlines

No Headlines