Easy Smart Group Holdings (HKSE:02442) Interest Coverage : 41.94 (As of Dec. 2024)

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What is Easy Smart Group 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. Easy Smart Group Holdings's Operating Income for the six months ended in Dec. 2024 was HK$2.8 Mil. Easy Smart Group Holdings's Interest Expense for the six months ended in Dec. 2024 was HK$-0.1 Mil. Easy Smart Group Holdings's interest coverage for the quarter that ended in Dec. 2024 was 41.94. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Easy Smart Group Holdings Ltd has enough cash to cover all of its debt. Its financial situation is stable.

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

HKSE:02442' s Interest Coverage Range Over the Past 10 Years
Min: 151.21 Med: 1093.25 Max: 1829.28
Current: 193.79

HKSE:02442's Interest Coverage is ranked better than
82.79% of 802 companies
in the Business Services industry
Industry Median: 13.43 vs HKSE:02442: 193.79

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

Easy Smart Group Holdings Interest Coverage Historical Data

The historical data trend for Easy Smart Group 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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Easy Smart Group Holdings Interest Coverage Chart

Easy Smart Group Holdings Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Jun24

Interest Coverage

1,829.28

463.40

151.21

1,093.25

1,295.18

Easy Smart Group Holdings Semi-Annual Data
	Jun20	Jun21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Interest Coverage	Get a 7-Day Free Trial			1,032.03	1,178.96	1,647.78	872.07	41.94

Competitive Comparison of Easy Smart Group Holdings's Interest Coverage

For the Security & Protection Services subindustry, Easy Smart Group 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.

Easy Smart Group Holdings's Interest Coverage Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Easy Smart Group Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Easy Smart Group Holdings's Interest Coverage falls into.

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Easy Smart Group 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.

Easy Smart Group Holdings'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, Easy Smart Group Holdings's Interest Expense was HK$-0.0 Mil. Its Operating Income was HK$42.7 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$1.4 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Jun. 2024 )	/	Interest Expense (A: Jun. 2024 )
	=	-1	*	42.741	/	-0.033
	=	1,295.18

Easy Smart Group Holdings's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the six months ended in Dec. 2024, Easy Smart Group Holdings's Interest Expense was HK$-0.1 Mil. Its Operating Income was HK$2.8 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$0.7 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	2.81	/	-0.067
	=	41.94

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

Easy Smart Group Holdings (HKSE:02442) 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 .

Easy Smart Group Holdings Interest Coverage Related Terms

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

Easy Smart Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Easy Smart Group Holdings Ltd (HKSE:02442) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

135-137 Tung Chau Street, Unit A, 10th Floor, Ming Tak Centre, Kowloon, Hong Kong, HKG

Website

https://www.easysmart.com.hk

Easy Smart Group Holdings Ltd operates as a subcontractor specializing in passive fire protection works in Hong Kong. Its passive fire protection works generally involve the design, selection, procurement, and installation of appropriate materials and components in a building to reduce or prevent the spread and effects of fire, heat, or smoke without requiring detection or activation upon detection. The Group has two principal activities: the provision of passive fire protection works and the provision of passive fire protection information services.

Executives

Lofty Profit Investments Limited	2101 Beneficial owner
Ng Wing Woon Dave	2201 Interest of corporation controlled by you
Wong Kwai Ying	2202 Interest of your spouse

Easy Smart Group Holdings Headlines

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