Carote (HKSE:02549) Interest Coverage : 1,507.49 (As of Dec. 2024)

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What is Carote 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. Carote's Operating Income for the six months ended in Dec. 2024 was HK$415 Mil. Carote's Interest Expense for the six months ended in Dec. 2024 was HK$-0 Mil. Carote's interest coverage for the quarter that ended in Dec. 2024 was 1,507.49. 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. Carote Ltd has enough cash to cover all of its debt. Its financial situation is stable.

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

HKSE:02549' s Interest Coverage Range Over the Past 10 Years
Min: 18.34 Med: 459.94 Max: 1507.49
Current: 1507.49

HKSE:02549's Interest Coverage is ranked better than
95.36% of 323 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 9.67 vs HKSE:02549: 1507.49

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

Carote Interest Coverage Historical Data

The historical data trend for Carote'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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Carote Interest Coverage Chart

Carote Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Interest Coverage

18.34

60.29

859.59

1,507.49

Carote Semi-Annual Data
	Dec21	Dec22	Dec23	Dec24
Interest Coverage	18.34	60.29	859.59	1,507.49

Competitive Comparison of Carote's Interest Coverage

For the Furnishings, Fixtures & Appliances subindustry, Carote'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.

Carote's Interest Coverage Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Carote's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Carote's Interest Coverage falls into.

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Carote 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.

Carote'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, Carote's Interest Expense was HK$-0 Mil. Its Operating Income was HK$415 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2024 )	/	Interest Expense (A: Dec. 2024 )
	=	-1	*	414.56	/	-0.275
	=	1,507.49

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

Here, for the six months ended in Dec. 2024, Carote's Interest Expense was HK$-0 Mil. Its Operating Income was HK$415 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$0 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	414.56	/	-0.275
	=	1,507.49

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

Carote (HKSE:02549) 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 .

Carote Interest Coverage Related Terms

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

Carote Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Carote Ltd (HKSE:02549) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

Unit 1, Tower 6, 3rd - 5th Floor, Xiaoshan District, Zhejiang Province, Hangzhou, CHN

Website

https://www.mycarote.com

Carote Ltd is a brand for kitchenware products. Its products are built to emphasize Better for Use and Better for Value, aiming to provide its customers with practical, well-designed, and reasonably priced items that promote a modern cooking lifestyle. The company offers a wide range of kitchenware products to consumers. From essential pots and pans to well-designed tableware and beverage containers, its offering aims to meet the varied needs of different kitchen scenarios and enhance the culinary experience of its customers. Geographically, the company operates in Mainland China, the United States, Western Europe, Japan, Southeast Asia, and other countries. The majority of its revenue is generated from the United States region.

Executives

Guodong Capital Ltd	2201 Interest of corporation controlled by you
Zhang Guodong	2201 Interest of corporation controlled by you
Lyu Yili	2201 Interest of corporation controlled by you
Yili Capital Ltd	2201 Interest of corporation controlled by you
Yili Investment Holdings Ltd	2101 Beneficial owner

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