SOLE (Sole Elite Group) Interest Expense: $ Mil (TTM As of Dec. 2014)


What is Sole Elite Group Interest Expense?

Sole Elite Group SOLE Interest Expense is $ Mil as of Dec. 2014.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sole Elite Group's interest expense for the six months ended in Dec. 2014 was $ -0.14 Mil. Sole Elite Group does not have enough years/quarters to calculate its interest expense for the trailing twelve months (TTM) ended in Dec. 2014.

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. Sole Elite Group's Operating Income for the six months ended in Dec. 2014 was $ 39.55 Mil. Sole Elite Group's Interest Expense for the six months ended in Dec. 2014 was $ -0.14 Mil. Sole Elite Group's Interest Coverage for the quarter that ended in Dec. 2014 was 282.49. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Sole Elite Group  (NAS:SOLE) Interest Expense Explanation

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. The higher, the better.

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

Sole Elite Group's Interest Expense for the six months ended in Dec. 2014 was $-0.14 Mil. Its Operating Income for the six months ended in Dec. 2014 was $39.55 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2014 was $0.00 Mil.

Sole Elite Group's Interest Coverage for the quarter that ended in Dec. 2014 is calculated as

Interest Coverage=-1* Operating Income (Q: Dec. 2014 )/Interest Expense (Q: Dec. 2014 )
=-1*39.549/-0.14
=282.49

* 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.

Sole Elite Group Interest Expense Historical Data

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The historical data trend for Sole Elite Group's Interest Expense 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.

Sole Elite Group Interest Expense Chart

Sole Elite Group Annual Data
Trend Dec12 Dec13 Dec14
Interest Expense
-0.20 -0.17 -0.14

Sole Elite Group Semi-Annual Data
Dec12 Dec13 Dec14
Interest Expense -0.20 -0.17 -0.14

Sole Elite Group Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of $ Mil mean?
Sole Elite Group (SOLE) has a Interest Expense of $ Mil as of Dec. 2014. Interest Expense is the amount a company pays on its long-term debt. View historical data on Sole Elite Group and its competitors.
Is Sole Elite Group's Interest Expense too high?
Sole Elite Group's current Interest Expense is $ Mil.
How does Sole Elite Group's Interest Expense compare to FORD and JCLY?
Sole Elite Group's Interest Expense of $ Mil can be compared against companies in the Manufacturing - Apparel & Accessories industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Expense for a Manufacturing - Apparel & Accessories company?
A good Interest Expense depends on the Manufacturing - Apparel & Accessories industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on Sole Elite Group and its competitors. Sole Elite Group's current Interest Expense is $ Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sole Elite Group stock overvalued right now?
Sole Elite Group (SOLE) has a current Interest Expense of $ Mil. The current Interest Expense is $ Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For Sole Elite Group (SOLE), the current Interest Expense is $ Mil as of Dec. 2014. 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.

Sole Elite Group Business Description

Sole Elite Group Ltd was formed on December 10, 2014. The Company, through its subsidiaries, is engaged in the business of designing, producing and selling shoe soles. It has four product lines: RB soles, MD soles, single color IP sole and dual color IP sole products. Its manufacturing facilities in China are located in Jinjiang, Fujian Province, which has a high concentration of footwear industry participants. Sports shoe soles are made of various materials, such as EVA, RB, PU, TPE, and TPU. The core materials of shoe soles are EVA and RB. The principal raw materials used in the production of its products are EVA, rubber, TPU, color dyes and other chemical additives. Its raw materials are sourced suppliers in the PRC located in Quanzhou, Fujian Province, which is close to its production facilities. It sells products to sportswear manufacturers that are based in China, including a number of companies in the athletic wear market, including Li-Ning, 361º, ERKE and Anta. It also sells products to OEM footwear companies for international athletic brands, such as Taiwan Ching Luh, which is an OEM footwear company that is a supplier to Adidas, Reebok, Mizuno and Under Armour in Asia. Customers use its products as components in the athletic footwear that it sells to end consumers, athletic wear companies and shoe distributors. Its customer includes Fujian Ching Luh Shoes Co., Ltd., which is an OEM footwear company that is a supplier to Adidas, Reebok, Mizuno and Under Armour. Its direct competition comes from various shoe sole production companies in China, such as Multi Sports Holding Ltd., Victory New Materials Limited Company, Fenghua SoleTech AG, Tai Ya Shoes Co., Ltd., Mao Tai (Fujian) Soles Co., Ltd. and Xing Quan International Sports Holdings Limited. It currently hold four PRC patents. The Company is subject to all China's national and local laws and regulations, including those related to environmental protection, foreign currency, property ownership and taxation.