Eagle Nice (International) Holdings (HKSE:02368) Interest Coverage : 16.09 (As of Sep. 2023)

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What is Eagle Nice (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. Eagle Nice (International) Holdings's Operating Income for the six months ended in Sep. 2023 was HK$344 Mil. Eagle Nice (International) Holdings's Interest Expense for the six months ended in Sep. 2023 was HK$-21 Mil. Eagle Nice (International) Holdings's interest coverage for the quarter that ended in Sep. 2023 was 16.09. The higher the ratio, the stronger the company's financial strength is.

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

HKSE:02368' s Interest Coverage Range Over the Past 10 Years
Min: 7.55 Med: 47.1 Max: 78.81
Current: 11.89

HKSE:02368's Interest Coverage is ranked better than
67.32% of 716 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 5.23 vs HKSE:02368: 11.89

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

Eagle Nice (International) Holdings Interest Coverage Historical Data

The historical data trend for Eagle Nice (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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Eagle Nice (International) Holdings Interest Coverage Chart

Eagle Nice (International) Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

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15.78

16.99

78.81

70.33

19.04

Eagle Nice (International) Holdings Semi-Annual Data
	Mar14	Sep14	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															90.97	50.42	43.80	5.44	16.09

Competitive Comparison of Eagle Nice (International) Holdings's Interest Coverage

For the Apparel Manufacturing subindustry, Eagle Nice (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.

Eagle Nice (International) Holdings's Interest Coverage Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Eagle Nice (International) Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Eagle Nice (International) Holdings's Interest Coverage falls into.

Eagle Nice (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.

Eagle Nice (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, Eagle Nice (International) Holdings's Interest Expense was HK$-22 Mil. Its Operating Income was HK$412 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$80 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	411.817	/	-21.631
	=	19.04

Eagle Nice (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, Eagle Nice (International) Holdings's Interest Expense was HK$-21 Mil. Its Operating Income was HK$344 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$251 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	344.246	/	-21.397
	=	16.09

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

Eagle Nice (International) Holdings (HKSE:02368) 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 .

Eagle Nice (International) Holdings Interest Coverage Related Terms

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

Eagle Nice (International) Holdings (HKSE:02368) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Eagle Nice (International) Holdings Ltd (HKSE:02368) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

70 Ta Chuen Ping Street, 9th Floor, Tower B, Regent Centre, Units 0902-0903 and 0905-0906, New Territories, Kwai Chung, HKG

Website

https://www.eaglenice.com.hk

Eagle Nice (International) Holdings Ltd is an investment holding company based in Hong Kong. The company, along with its subsidiaries, is primarily engaged in the manufacturing and trading of sportswear and garments. Some of the company's products include down Jackets, Tracksuits, Sweaters, and Sports pants, among others. Geographically, the company's reportable segments are Mainland China, USA, Europe, Japan, and Others. It derives a majority of revenue from Mainland China followed by the US and Europe.

Executives

Webb David Michael	2201 Interest of corporation controlled by you
Chung Yuk Sing	2101 Beneficial owner
Huang Yongbiao	2101 Beneficial owner
Chen Hsiao Ying	2101 Beneficial owner
Pou Chen Corporation	2201 Interest of corporation controlled by you
Yue Yuen Industrial (holdings) Limited	2201 Interest of corporation controlled by you
Time Easy Investment Holdings Limited
Excel Skill International Limited

Eagle Nice (International) Holdings (HKSE:02368) Headlines

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