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King Slide Works Co (TPE:2059) Interest Coverage : 319.16 (As of Mar. 2025)


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What is King Slide Works Co 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. King Slide Works Co's Operating Income for the three months ended in Mar. 2025 was NT$2,722 Mil. King Slide Works Co's Interest Expense for the three months ended in Mar. 2025 was NT$-9 Mil. King Slide Works Co's interest coverage for the quarter that ended in Mar. 2025 was 319.16. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. King Slide Works Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for King Slide Works Co's Interest Coverage or its related term are showing as below:

TPE:2059' s Interest Coverage Range Over the Past 10 Years
Min: 94.67   Med: 324.95   Max: 31130.95
Current: 223.07


TPE:2059's Interest Coverage is ranked better than
86.87% of 320 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 9.63 vs TPE:2059: 223.07

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


King Slide Works Co Interest Coverage Historical Data

The historical data trend for King Slide Works Co'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.

King Slide Works Co Interest Coverage Chart

King Slide Works Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 172.41 279.25 370.64 94.67 172.11

King Slide Works Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 112.69 171.22 182.14 224.01 319.16

Competitive Comparison of King Slide Works Co's Interest Coverage

For the Furnishings, Fixtures & Appliances subindustry, King Slide Works Co'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.


King Slide Works Co's Interest Coverage Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, King Slide Works Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where King Slide Works Co's Interest Coverage falls into.


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King Slide Works Co 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.

King Slide Works Co'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, King Slide Works Co's Interest Expense was NT$-35 Mil. Its Operating Income was NT$6,103 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$1,788 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2024 )/Interest Expense (A: Dec. 2024 )
=-1*6103.347/-35.461
=172.11

King Slide Works Co's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the three months ended in Mar. 2025, King Slide Works Co's Interest Expense was NT$-9 Mil. Its Operating Income was NT$2,722 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$1,749 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2025 )/Interest Expense (Q: Mar. 2025 )
=-1*2722.13/-8.529
=319.16

* 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.


King Slide Works Co  (TPE:2059) 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 .


King Slide Works Co Interest Coverage Related Terms

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


King Slide Works Co Business Description

Traded in Other Exchanges
N/A
Address
No. 299, Shun An Road, Lu Zhu District, Kaohsiung, TWN, 82150
King Slide Works Co Ltd is a Taiwan-based company that mainly designs, manufactures, and sells the following products; Rail kits for cloud computing servers and data devices, and Furniture, wooden kitchen accessories, slides, and molds. Its reportable segments are; King Slide Works Co., Ltd which mainly manufactures, processes, and sells rail kits for computer and network communication equipment, furniture accessories, slides, and molds; King Slide Technology Co., Ltd segment which is mainly engaged in R&D, designs and sells the rail kits for servers and network communication equipment; and the others segment. Geographically, the company generates maximum revenue from the United States of America and the rest from Taiwan, China, and other regions.

King Slide Works Co Headlines

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