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Fulgent Sun International (Holding) Co (TPE:9802) Interest Coverage : 32.78 (As of Dec. 2023)


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What is Fulgent Sun International (Holding) 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. Fulgent Sun International (Holding) Co's Operating Income for the three months ended in Dec. 2023 was NT$319 Mil. Fulgent Sun International (Holding) Co's Interest Expense for the three months ended in Dec. 2023 was NT$-10 Mil. Fulgent Sun International (Holding) Co's interest coverage for the quarter that ended in Dec. 2023 was 32.78. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Fulgent Sun International (Holding) Co's Interest Coverage or its related term are showing as below:

TPE:9802' s Interest Coverage Range Over the Past 10 Years
Min: 9.75   Med: 40.21   Max: 73.33
Current: 23.1


TPE:9802's Interest Coverage is ranked better than
77.06% of 715 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 5.17 vs TPE:9802: 23.10

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


Fulgent Sun International (Holding) Co Interest Coverage Historical Data

The historical data trend for Fulgent Sun International (Holding) 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.

Fulgent Sun International (Holding) Co Interest Coverage Chart

Fulgent Sun International (Holding) Co 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 41.89 51.02 48.36 44.86 23.10

Fulgent Sun International (Holding) Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 30.62 23.47 19.32 22.80 32.78

Competitive Comparison of Fulgent Sun International (Holding) Co's Interest Coverage

For the Footwear & Accessories subindustry, Fulgent Sun International (Holding) 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.


Fulgent Sun International (Holding) Co's Interest Coverage Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Fulgent Sun International (Holding) Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Fulgent Sun International (Holding) Co's Interest Coverage falls into.



Fulgent Sun International (Holding) 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.

Fulgent Sun International (Holding) Co'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, Fulgent Sun International (Holding) Co's Interest Expense was NT$-78 Mil. Its Operating Income was NT$1,804 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$861 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*1804.119/-78.093
=23.10

Fulgent Sun International (Holding) Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Fulgent Sun International (Holding) Co's Interest Expense was NT$-10 Mil. Its Operating Income was NT$319 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$861 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*318.701/-9.723
=32.78

* 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.


Fulgent Sun International (Holding) Co  (TPE:9802) 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 .


Fulgent Sun International (Holding) Co Interest Coverage Related Terms

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Fulgent Sun International (Holding) Co (TPE:9802) Business Description

Traded in Other Exchanges
N/A
Address
No. 76, Section 3, Yunlin Road, Yunlin County, Douliu, TWN
Fulgent Sun International (Holding) Co Ltd is engaged in developing and producing professional sports shoes, and professional waterproof breathable outdoor shoes. The company offers sports shoes for sports, running, tennis, basketball, snow, sports sandals, casual, outdoor, waterproof, and GORE-TEX shoes. The company operates in three segments: Production and sales of shoes, Retail business, and Other businesses. The majority of the revenue is generated from the Production and sales of the shoes segment.

Fulgent Sun International (Holding) Co (TPE:9802) Headlines

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