Madison Holdings Group (HKSE:08057) Interest Coverage : No Debt ⁽¹⁾ (As of Sep. 2024)

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What is Madison Holdings Group 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. Madison Holdings Group's Operating Income for the three months ended in Sep. 2024 was HK$0.00 Mil. Madison Holdings Group's Interest Expense for the three months ended in Sep. 2024 was HK$0.00 Mil. Madison Holdings Group has no debt. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Madison Holdings Group Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

(1) 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.

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

HKSE:08057' s Interest Coverage Range Over the Past 10 Years
Min: 0.22 Med: 0.79 Max: No Debt
Current: 0.34

HKSE:08057's Interest Coverage is ranked worse than
98.73% of 158 companies
in the Credit Services industry
Industry Median: 65.99 vs HKSE:08057: 0.34

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

Madison Holdings Group Interest Coverage Historical Data

The historical data trend for Madison Holdings Group'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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Madison Holdings Group Interest Coverage Chart

Madison Holdings Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Coverage

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0.22

0.78

0.79

0.53

Madison Holdings Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Sep24
Interest Coverage	Get a 7-Day Free Trial															1.61	0.32	0.35	N/A	No Debt

Competitive Comparison of Madison Holdings Group's Interest Coverage

For the Credit Services subindustry, Madison Holdings Group'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.

Madison Holdings Group's Interest Coverage Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Madison Holdings Group's Interest Coverage distribution charts can be found below:

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

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Madison Holdings Group 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.

Madison Holdings Group's Interest Coverage for the fiscal year that ended in Mar. 2024 is calculated as

Here, for the fiscal year that ended in Mar. 2024, Madison Holdings Group's Interest Expense was HK$-13.48 Mil. Its Operating Income was HK$7.14 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$1.64 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2024 )	/	Interest Expense (A: Mar. 2024 )
	=	-1	*	7.139	/	-13.481
	=	0.53

Madison Holdings Group's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the three months ended in Sep. 2024, Madison Holdings Group's Interest Expense was HK$0.00 Mil. Its Operating Income was HK$0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$0.00 Mil.

Madison Holdings Group had no debt ⁽¹⁾.

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

Madison Holdings Group (HKSE:08057) 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 .

Madison Holdings Group Interest Coverage Related Terms

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

Madison Holdings Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Madison Holdings Group Ltd (HKSE:08057) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Heung Yip Road, Unit 26-28, 8th Floor, One Island South, Wong Chuk Hang, Hong Kong, HKG

Website

https://www.madison-group.com.hk

Madison Holdings Group Ltd is involved in retail sales and wholesale of a wide spectrum of wine products and alcoholic beverages in Hong Kong with a focus on red wine. The company mainly generates revenue from sales of alcoholic beverages. The company operates through three segments of Sales of alcoholic beverages, Financial services and Loan financing services. It has a business presence in the PRC and Hong Kong.

Executives

Luu Huyen Boi	2202 Interest of your spouse
Ting Pang Wan Raymond	2201 Interest of corporation controlled by you
Sra Holdings, Inc.	2101 Beneficial owner
Devoss Global Holdings Limited	2201 Interest of corporation controlled by you
Royal Spectrum Holding Company Limited	2101 Beneficial owner
Ample Cheer Limited	2201 Interest of corporation controlled by you
Kingston Finance Limited	2106 Person having a security interest in shares
Atlantis Capital Group Holdings Limited	2201 Interest of corporation controlled by you
Liu Yang	2201 Interest of corporation controlled by you
Chu Yuet Wah
Software Research Associates, Inc.	2101 Beneficial owner
Wang Hui	2101 Beneficial owner
Wang Xuping
Zhang Fengge
Pu Xueyuan

Madison Holdings Group Headlines

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Madison Holdings Group (HKSE:08057) Interest Coverage : No Debt (1) (As of Sep. 2024)