Old Chang Kee (SGX:5ML) Interest Coverage: 12.67 (As of Mar. 2026) — Near Median


SGX:5ML Old Chang Kee Ltd SGX:5ML
43 GF Score
Price S$1.15
GF Value S$0.80
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Old Chang Kee Interest Coverage?

Old Chang Kee SGX:5ML 43 Interest Coverage is 12.67 as of Mar. 2026, which is 3% above its 10-year median of 12.36. GuruFocus rates SGX:5ML with a GF Score™ of 43/100 and a GF Value™ of S$0.80 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 261 Restaurants companies, Old Chang Kee ranks better than 68.58% on this metric.

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. Old Chang Kee's Operating Income for the six months ended in Mar. 2026 was S$6.7 Mil. Old Chang Kee's Interest Expense for the six months ended in Mar. 2026 was S$-0.5 Mil. Old Chang Kee's interest coverage for the quarter that ended in Mar. 2026 was 12.67. The higher the ratio, the stronger the company's financial strength is.

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

SGX:5ML' s Interest Coverage Range Over the Past 10 Years
Min: 5.36   Med: 12.36   Max: 34.65
Current: 12.06


SGX:5ML's Interest Coverage is ranked better than
68.58% of 261 companies
in the Restaurants industry
Industry Median: 6.46 vs SGX:5ML: 12.06

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


Old Chang Kee  (SGX:5ML) 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 .


Old Chang Kee Interest Coverage Related Terms


Old Chang Kee Interest Coverage Historical Data

* Premium members only.

The historical data trend for Old Chang Kee'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.

Old Chang Kee Interest Coverage Chart

Old Chang Kee Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.14 12.53 12.09 12.19 12.06

Old Chang Kee Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 13.30 12.71 11.64 11.52 12.67

SGX:5ML vs MCD, SBUX, YUM: Interest Coverage Comparison

For the Restaurants subindustry, Old Chang Kee'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.


Old Chang Kee Interest Coverage vs Restaurants Industry

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

* The bar in red indicates where Old Chang Kee's Interest Coverage falls into.


SGX:5ML
43GF Score
Old Chang Kee Ltd SGX:5ML
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Old Chang Kee 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.

Old Chang Kee's Interest Coverage for the fiscal year that ended in Mar. 2026 is calculated as

Here, for the fiscal year that ended in Mar. 2026, Old Chang Kee's Interest Expense was S$-1.1 Mil. Its Operating Income was S$13.5 Mil. And its Long-Term Debt & Capital Lease Obligation was S$11.6 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*13.523/-1.121
=12.06

Old Chang Kee's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the six months ended in Mar. 2026, Old Chang Kee's Interest Expense was S$-0.5 Mil. Its Operating Income was S$6.7 Mil. And its Long-Term Debt & Capital Lease Obligation was S$11.6 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*6.713/-0.53
=12.67

* 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.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 12.67 mean?
Old Chang Kee (SGX:5ML) has a Interest Coverage of 12.67 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Old Chang Kee and its competitors. This is near median its historical median of 12.36. Over the past decade, Old Chang Kee's Interest Coverage has ranged from 5.36 to 34.65. According to the industry distribution chart, Old Chang Kee ranks #82 out of 261 companies in the Restaurants industry, placing it in the top 31.4%.
Is Old Chang Kee's Interest Coverage too high?
Old Chang Kee's current Interest Coverage of 12.67 is near median its 10-year median of 12.36. Over the past 10 years, this metric has ranged from a low of 5.36 to a high of 34.65. The Restaurants industry median Interest Coverage is 6.46. Old Chang Kee's value of 12.67 is 96.1% above this industry median. Based on the distribution chart, Old Chang Kee ranks #82 out of 261 companies in the Restaurants industry, which is above the industry midpoint. Overall, Old Chang Kee has a GF Score™ of 43/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Old Chang Kee's Interest Coverage compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Old Chang Kee ranks #82 out of 261 companies for Interest Coverage. This puts Old Chang Kee in the upper half of its industry. The industry median Interest Coverage is 6.46. Old Chang Kee's value of 12.67 is 96.1% above this benchmark. Historically, Old Chang Kee's own Interest Coverage has ranged from 5.36 to 34.65 over the past decade. While the company's 10-year median is 12.36 vs. the industry median of 6.46, Old Chang Kee has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Restaurants company?
The median Interest Coverage among Restaurants companies is 6.46, based on 261 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Old Chang Kee's current Interest Coverage of 12.67 is 96.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Old Chang Kee and its competitors. For the Restaurants industry, the median Interest Coverage is 6.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Old Chang Kee's current Interest Coverage is 12.67, which is near median its own 10-year median of 12.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Old Chang Kee stock overvalued right now?
Based on GuruFocus' analysis, Old Chang Kee (SGX:5ML) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.80, compared to a current price of S$1.15 — trading 43.8% above its estimated fair value. The current Interest Coverage is 12.67, which is near median its 10-year median of 12.36 and 96.1% above the Restaurants industry median of 6.46. Old Chang Kee's overall GF Score™ is 43/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Old Chang Kee (SGX:5ML), the current Interest Coverage is 12.67 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Old Chang Kee (SGX:5ML) Overvalued in 2026?

Based on GuruFocus' analysis, Old Chang Kee stock appears to be overvalued. The current stock price of S$1.15 is trading 43.8% above its estimated GF Value™ of S$0.80. GuruFocus considers Old Chang Kee to be Significantly Overvalued.

Key valuation signals for SGX:5ML:

  • Interest Coverage: 12.67 (near median its 10-year median of 12.36)
  • GF Value™: S$0.80 vs. price of S$1.15 (43.8% above fair value)
  • GF Score™: 43/100 with 5 warning signs
  • Industry Position: 96.1% above the Restaurants median (#82 of 261)

No single metric tells the full story. See the SGX:5ML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Old Chang Kee Business Description

Address 2 Woodlands Terrace, Singapore, SGP, 738427
Old Chang Kee Ltd is engaged in the manufacturing and distribution of food products. The company's products include curry puffs, fishballs, chicken nuggets, and chicken wings. It also provides catering services in Singapore. The company's geographical segments include Singapore, Australia, and Malaysia, and a majority of its revenue is derived from Singapore. The company is engaged in the manufacture and sale of food products under brands such as Old Chang Kee, the Curry Times, and Dip n Go.
43GF Score

Get the complete analysis for SGX:5ML

Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

S$1.15
Price
S$0.80
GF Value