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Anacle Systems (HKSE:08353) Interest Coverage : 0 (At Loss) (As of Nov. 2024)


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What is Anacle Systems 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. Anacle Systems's Operating Income for the three months ended in Nov. 2024 was HK$-1.8 Mil. Anacle Systems's Interest Expense for the three months ended in Nov. 2024 was HK$-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 Anacle Systems's Interest Coverage or its related term are showing as below:

HKSE:08353' s Interest Coverage Range Over the Past 10 Years
Min: 4.67   Med: 33.86   Max: No Debt
Current: 12.26


HKSE:08353's Interest Coverage is ranked worse than
61.93% of 1676 companies
in the Software industry
Industry Median: 26.06 vs HKSE:08353: 12.26

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


Anacle Systems Interest Coverage Historical Data

The historical data trend for Anacle Systems'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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Anacle Systems Interest Coverage Chart

Anacle Systems Annual Data
Trend May15 May16 May17 May18 May19 May20 May21 May22 May23 May24
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 33.53 33.86 36.56 5.94 4.67

Anacle Systems Quarterly Data
May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25
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 - 38.81 10.96 - 3.39

Competitive Comparison of Anacle Systems's Interest Coverage

For the Software - Application subindustry, Anacle Systems'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.


Anacle Systems's Interest Coverage Distribution in the Software Industry

For the Software industry and Technology sector, Anacle Systems's Interest Coverage distribution charts can be found below:

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


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Anacle Systems 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.

Anacle Systems's Interest Coverage for the fiscal year that ended in May. 2024 is calculated as

Here, for the fiscal year that ended in May. 2024, Anacle Systems's Interest Expense was HK$-0.7 Mil. Its Operating Income was HK$3.3 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$8.4 Mil.

Interest Coverage=-1* Operating Income (A: May. 2024 )/Interest Expense (A: May. 2024 )
=-1*3.319/-0.711
=4.67

Anacle Systems's Interest Coverage for the quarter that ended in Nov. 2024 is calculated as

Here, for the three months ended in Nov. 2024, Anacle Systems's Interest Expense was HK$-0.2 Mil. Its Operating Income was HK$-1.8 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$4.8 Mil.

Anacle Systems 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.


Anacle Systems  (HKSE:08353) 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 .


Anacle Systems Interest Coverage Related Terms

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


Anacle Systems Business Description

Traded in Other Exchanges
N/A
Address
3 Fusionopolis Way, No. 14-21 Symbiosis, Singapore, SGP, 138633
Anacle Systems Ltd is a Singapore-based company engaged in software development. It has two operating segments. Simplicity and Starlight segment, which is the key revenue driver, provides specific solutions for enterprise asset management, shared resources management, tenancy management, financial management, supply chain management, customer relationship management, and billing management; Starlight segment provides all-time access to the energy profiles of buildings, including information such as energy consumption, power quality, energy analytics, and carbon footprint profiles. Its geographical segments include Singapore, and India, of which the majority of the revenue comes from Singapore.
Executives
Huatai Securities Co., Ltd. 2201 Interest of corporation controlled by you
Ko William 2101 Beneficial owner
Lau E Choon Alex 2202 Interest of your spouse
Lim Lay Hong 2202 Interest of your spouse
Ong Swee Heng 2101 Beneficial owner
Ng Yen Yen 2101 Beneficial owner
Wong Poh Kam 2101 Beneficial owner
Keppel Corporation Limited 2201 Interest of corporation controlled by you
Baf Spectrum Pte. Ltd. 2101 Beneficial owner

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