Sheng Siong Group (SGX:OV8) Interest Coverage : 36.15 (As of Dec. 2024)

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What is Sheng Siong 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. Sheng Siong Group's Operating Income for the six months ended in Dec. 2024 was S$72 Mil. Sheng Siong Group's Interest Expense for the six months ended in Dec. 2024 was S$-2 Mil. Sheng Siong Group's interest coverage for the quarter that ended in Dec. 2024 was 36.15. The higher the ratio, the stronger the company's financial strength is.

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

SGX:OV8' s Interest Coverage Range Over the Past 10 Years
Min: 33.32 Med: 62.73 Max: No Debt
Current: 33.32

SGX:OV8's Interest Coverage is ranked better than
68.22% of 258 companies
in the Retail - Defensive industry
Industry Median: 8.62 vs SGX:OV8: 33.32

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

Sheng Siong Group Interest Coverage Historical Data

The historical data trend for Sheng Siong 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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Sheng Siong Group Interest Coverage Chart

Sheng Siong Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Coverage

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61.95

63.50

51.64

44.18

35.80

Sheng Siong Group Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Interest Coverage	Get a 7-Day Free Trial															47.88	36.04	49.29	31.02	36.15

Competitive Comparison of Sheng Siong Group's Interest Coverage

For the Grocery Stores subindustry, Sheng Siong 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.

Sheng Siong Group's Interest Coverage Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Sheng Siong Group's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Sheng Siong Group's Interest Coverage falls into.

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Sheng Siong 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.

Sheng Siong Group's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, Sheng Siong Group's Interest Expense was S$-4 Mil. Its Operating Income was S$160 Mil. And its Long-Term Debt & Capital Lease Obligation was S$88 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2024 )	/	Interest Expense (A: Dec. 2024 )
	=	-1	*	159.681	/	-4.46
	=	35.80

Sheng Siong Group's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the six months ended in Dec. 2024, Sheng Siong Group's Interest Expense was S$-2 Mil. Its Operating Income was S$72 Mil. And its Long-Term Debt & Capital Lease Obligation was S$88 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	72.218	/	-1.998
	=	36.15

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

Sheng Siong Group (SGX:OV8) 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 .

Sheng Siong Group Interest Coverage Related Terms

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Sheng Siong Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Sheng Siong Group Ltd (SGX:OV8) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

6 Mandai Link, Singapore, SGP, 728652

Website

https://corporate.shengsiong.com.sg

Sheng Siong Group Ltd is a Singapore-based company that is principally engaged in the retail business. The company operates through the Sheng Siong Groceries chain, with stores located across Singapore. The company offers "wet and dry" merchandise, including fresh and chilled goods (such as seafood, meat, and vegetables), processed, frozen, and preserved food products, and general merchandise (like toiletries and essential household products). The company has its own distribution network, food-processing facilities, and warehousing facilities. The Group operates in one segment, which relates to the provision of supermarket supplies and supermarket operations. The Group's operations are mainly located in Singapore.

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