GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » HG Holdings Inc (OTCPK:STLY) » Definitions » Interest Coverage

HG Holdings (HG Holdings) Interest Coverage : 0 (At Loss) (As of Mar. 2024)


View and export this data going back to 1992. Start your Free Trial

What is HG Holdings 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 EBIT by its Interest Expense. HG Holdings's EBIT for the three months ended in Mar. 2024 was $0.00 Mil. HG Holdings's Interest Expense for the three months ended in Mar. 2024 was $-0.39 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 HG Holdings's Interest Coverage or its related term are showing as below:


STLY's Interest Coverage is not ranked *
in the Insurance industry.
Industry Median: 14.27
* 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.


HG Holdings Interest Coverage Historical Data

The historical data trend for HG Holdings'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.

HG Holdings Interest Coverage Chart

HG Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only No Debt - - - -

HG Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 - - N/A N/A -

Competitive Comparison of HG Holdings's Interest Coverage

For the Insurance - Specialty subindustry, HG Holdings'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.


HG Holdings's Interest Coverage Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, HG Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where HG Holdings's Interest Coverage falls into.



HG Holdings 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 EBIT is positive, then

Interest Coverage=-1* EBIT /Interest Expense

Else if Interest Expense is negative and EBIT 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.

HG Holdings'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, HG Holdings's Interest Expense was $-1.49 Mil. Its EBIT was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.59 Mil.

HG Holdings's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, HG Holdings's Interest Expense was $-0.39 Mil. Its EBIT was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.50 Mil.

* 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.


HG Holdings  (OTCPK:STLY) 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 .


HG Holdings Interest Coverage Related Terms

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


HG Holdings (HG Holdings) Business Description

Traded in Other Exchanges
N/A
Address
2115 East 7th Street, Suite 101, Charlotte, NC, USA, 28204
HG Holdings, Inc, together with its consolidated subsidiaries, operates through its wholly owned subsidiarie. The Company engages in the business of providing title insurance through the subsidiary NCTIC and providing title agency services through the subsidiaries NCTG, TAV, and Omega. Through NCTIC, the Company underwrites land title insurance for owners and mortgagees as the primary insurer. The Company currently only provides title insurance services in the state of Florida.
Executives
Peter Mark Sherman director 4409 MICKLETON ROAD, CHARLOTTE NC 28226
Justin Hayles Edenfield officer: Prin. Accting & Fin. Officer 6265 OLD WATER OAK ROAD, SUITE 204, TALLAHASSEE FL 32312
Hale Partnership Capital Management, Llc 10 percent owner 5960 FAIRVIEW ROAD, SUITE 432, CHARLOTTE NC 28210
Solas Capital Management, Llc 10 percent owner 1063 POST ROAD, 2ND FLOOR, DARIEN CT 06820
Hale Partnership Fund, L.p. 10 percent owner 3335 PARK SOUTH STATION BLVD., CHARLOTTE NC 28210
Matthew Hultquist director ONE CORPORATE CENTER, RYE NY 10580
Bradley G Garner officer: CFO and CAO 2115 E. 7TH STREET, SUITE 101, CHARLOTTE NC 28211
Hale Steven A Ii director, 10 percent owner 5960 FAIRVIEW ROAD, SUITE 432, CHARLOTTE NC 28210
Matthew Wood Smith officer: Interim Chief Exec. Officer 200 N. HAMILTON STREET, HIGH POINT NC 27260
Jeffrey Stuart Gilliam director 200 N. HAMILTON STREET, NO. 200, HIGH POINT NC 27260
Tucker Golden Frederick 10 percent owner C/O SOLAS CAPITAL MANAGEMENT, LLC, 1063 POST ROAD, 2ND FLOOR, DARIEN CT 06820
Michael P Haley director 200 NORTH HAMILTON STREET, NO. 200, HIGH POINT NC 27260
Talanta Investment Group, Llc director, 10 percent owner 401 N. TRYON STREET, 10TH FLOOR, CHARLOTTE NC 28202
Justyn Rendal Putnam director 200 N. HAMILTON STREET, NO. 200, HIGH POINT NC 27260
Ian Dundee Lapey director 200 N. HAMILTON STREET, NO. 200, HIGH POINT NC 27260

HG Holdings (HG Holdings) Headlines

From GuruFocus

This Company Is Selling Below Book Value

By Cody Eustice CodyEustice 07-23-2014

Stanley Furniture (STLY) – A Stock with a Huge Potential Catalyst

By whopper investments whopper investments 09-02-2011

Micro Cap Value Discovery

By Shadowstock Shadowstock 07-05-2016

Distressed Deep Discount Idea: Stanley Furniture Company

By guruek Shadowstock 01-03-2011

Stanley (STLY) - Catalyst Eminent?

By whopper investments whopper investments 07-17-2012

Stanley - 'Here's Another Fine Mess…'

By David Chulak David Chulak 04-29-2014

Stanley Furniture Co. (STLY): Significant Interim Events

By voisin Frank Voisin 01-20-2011