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Deer Consumer Products (Deer Consumer Products) Interest Coverage : No Debt (1) (As of Jun. 2012)


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What is Deer Consumer Products 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. Deer Consumer Products's Operating Income for the three months ended in Jun. 2012 was $7.5 Mil. Deer Consumer Products's Interest Expense for the three months ended in Jun. 2012 was $0.0 Mil. Deer Consumer Products has no debt. The higher the ratio, the stronger the company's financial strength is.

(1) 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.

The historical rank and industry rank for Deer Consumer Products's Interest Coverage or its related term are showing as below:


DEER's Interest Coverage is not ranked *
in the Furnishings, Fixtures & Appliances industry.
Industry Median: 8.72
* 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.


Deer Consumer Products Interest Coverage Historical Data

The historical data trend for Deer Consumer Products'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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Deer Consumer Products Interest Coverage Chart

Deer Consumer Products Annual Data
Trend Sep07 Dec08 Dec09 Dec10 Dec11
Interest Coverage
No Debt 13.63 116.64 No Debt No Debt

Deer Consumer Products Quarterly Data
Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12
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 No Debt No Debt No Debt 1,692.33 No Debt

Competitive Comparison of Deer Consumer Products's Interest Coverage

For the Furnishings, Fixtures & Appliances subindustry, Deer Consumer Products'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.


Deer Consumer Products's Interest Coverage Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Deer Consumer Products's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Deer Consumer Products's Interest Coverage falls into.



Deer Consumer Products 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.

Deer Consumer Products's Interest Coverage for the fiscal year that ended in Dec. 2011 is calculated as

Here, for the fiscal year that ended in Dec. 2011, Deer Consumer Products's Interest Expense was $0.0 Mil. Its Operating Income was $48.2 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.0 Mil.

Deer Consumer Products had no debt (1).

Deer Consumer Products's Interest Coverage for the quarter that ended in Jun. 2012 is calculated as

Here, for the three months ended in Jun. 2012, Deer Consumer Products's Interest Expense was $0.0 Mil. Its Operating Income was $7.5 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.0 Mil.

Deer Consumer Products had no debt (1).

* 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.


Deer Consumer Products  (OTCPK:DEER) 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 .


Deer Consumer Products Interest Coverage Related Terms

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Deer Consumer Products (Deer Consumer Products) Business Description

Traded in Other Exchanges
N/A
Address
Area 21/F, Building M-6, Central High-Tech Industrial Park, Nanshan, Shenzhen, CHN, 518057
Deer Consumer Products Inc is a designer, manufacturer and seller of quality small home and kitchen electric appliances.
Executives
Arnold Staloff director 1605 MAYFLOWER LANE, CHERRY HILL NJ 08003

Deer Consumer Products (Deer Consumer Products) Headlines