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Top Standard (HKSE:08510) Interest Coverage : 0 (At Loss) (As of Dec. 2023)


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What is Top Standard 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. Top Standard's Operating Income for the three months ended in Dec. 2023 was HK$-1.62 Mil. Top Standard's Interest Expense for the three months ended in Dec. 2023 was HK$-0.18 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 Top Standard's Interest Coverage or its related term are showing as below:


HKSE:08510's Interest Coverage is not ranked *
in the Restaurants industry.
Industry Median: 7.17
* Ranked among companies with meaningful Interest Coverage only.

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


Top Standard Interest Coverage Historical Data

The historical data trend for Top Standard'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.

* Premium members only.

Top Standard Interest Coverage Chart

Top Standard Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial - - - 1.02 -

Top Standard Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 7.63 - - - -

Competitive Comparison of Top Standard's Interest Coverage

For the Restaurants subindustry, Top Standard'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.


Top Standard's Interest Coverage Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Top Standard's Interest Coverage distribution charts can be found below:

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



Top Standard 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.

Top Standard's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Top Standard's Interest Expense was HK$-0.63 Mil. Its Operating Income was HK$-3.45 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$5.40 Mil.

Top Standard did not have earnings to cover the interest expense.

Top Standard's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Top Standard's Interest Expense was HK$-0.18 Mil. Its Operating Income was HK$-1.62 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$5.40 Mil.

Top Standard 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.


Top Standard  (HKSE:08510) 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 .


Top Standard Interest Coverage Related Terms

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


Top Standard (HKSE:08510) Business Description

Traded in Other Exchanges
N/A
Address
87 Hung To Road, Unit 3C, 3rd Floor, Yue Xiu Industrial Building, Kwun Tong, Kowloon, HKG
Top Standard Corp is a Hong Kong-based restaurant company. The company is principally engaged in the operation of full-service restaurants under self-owned brands in Hong Kong The group has two operating and reportable segments: catering service and online sales of wines. The group has been operating new restaurants Sushi MEW (Hong Kong) and Sushi MEW (Singapore). The company derives the majority of its revenue from food catering services which includes food and beverage served. The group operates in Hong Kong and Singapore.

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