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Leather Footwear and Garment Making Exporting (HSTC:LGM) Interest Coverage : 0 (At Loss) (As of . 20)


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What is Leather Footwear and Garment Making Exporting 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. Leather Footwear and Garment Making Exporting's Operating Income for the six months ended in . 20 was ₫0.00 Mil. Leather Footwear and Garment Making Exporting's Interest Expense for the six months ended in . 20 was ₫0.00 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

(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 Leather Footwear and Garment Making Exporting's Interest Coverage or its related term are showing as below:


HSTC:LGM's Interest Coverage is not ranked *
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 5.325
* 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.


Leather Footwear and Garment Making Exporting Interest Coverage Historical Data

The historical data trend for Leather Footwear and Garment Making Exporting'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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Leather Footwear and Garment Making Exporting Interest Coverage Chart

Leather Footwear and Garment Making Exporting Annual Data
Trend
Interest Coverage

Leather Footwear and Garment Making Exporting Semi-Annual Data
Interest Coverage

Competitive Comparison of Leather Footwear and Garment Making Exporting's Interest Coverage

For the Apparel Manufacturing subindustry, Leather Footwear and Garment Making Exporting'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.


Leather Footwear and Garment Making Exporting's Interest Coverage Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Leather Footwear and Garment Making Exporting's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Leather Footwear and Garment Making Exporting's Interest Coverage falls into.



Leather Footwear and Garment Making Exporting 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.

Leather Footwear and Garment Making Exporting's Interest Coverage for the fiscal year that ended in . 20 is calculated as

Here, for the fiscal year that ended in . 20, Leather Footwear and Garment Making Exporting's Interest Expense was ₫0.00 Mil. Its Operating Income was ₫0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was ₫0.00 Mil.

Leather Footwear and Garment Making Exporting had no debt (1).

Leather Footwear and Garment Making Exporting's Interest Coverage for the quarter that ended in . 20 is calculated as

Here, for the six months ended in . 20, Leather Footwear and Garment Making Exporting's Interest Expense was ₫0.00 Mil. Its Operating Income was ₫0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was ₫0.00 Mil.

Leather Footwear and Garment Making Exporting had no debt (1).

* 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.


Leather Footwear and Garment Making Exporting  (HSTC:LGM) 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 .


Leather Footwear and Garment Making Exporting Interest Coverage Related Terms

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Leather Footwear and Garment Making Exporting (HSTC:LGM) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
15 Truong Son, Ward 15, District 10, Ho Chi Minh City, VNM
Leather Footwear and Garment Making Exporting Corp is engaged in the manufacturing and processing of leather goods and garments for export to the Soviet Union and some other countries. It is engaged in activities like producing, trading and processing all kinds of garment and household products, direct import and export of garment and household products and design and manufacture fashion clothing and uniforms for domestic and export markets.

Leather Footwear and Garment Making Exporting (HSTC:LGM) Headlines

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