Bosideng International Holdings (HKSE:03998) Interest Coverage : 13.84 (As of Sep. 2023)

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What is Bosideng International 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 Operating Income by its Interest Expense. Bosideng International Holdings's Operating Income for the six months ended in Sep. 2023 was HK$1,320 Mil. Bosideng International Holdings's Interest Expense for the six months ended in Sep. 2023 was HK$-95 Mil. Bosideng International Holdings's interest coverage for the quarter that ended in Sep. 2023 was 13.84. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Bosideng International Holdings's Interest Coverage or its related term are showing as below:

HKSE:03998' s Interest Coverage Range Over the Past 10 Years
Min: 2.95 Med: 14.06 Max: 21.84
Current: 18.55

HKSE:03998's Interest Coverage is ranked better than
74.79% of 710 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 5.295 vs HKSE:03998: 18.55

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

Bosideng International Holdings Interest Coverage Historical Data

The historical data trend for Bosideng International 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.

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Bosideng International Holdings Interest Coverage Chart

Bosideng International Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

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21.84

14.20

15.55

15.42

15.82

Bosideng International Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Coverage	Get a 7-Day Free Trial															8.04	25.80	9.95	23.42	13.84

Competitive Comparison of Bosideng International Holdings's Interest Coverage

For the Apparel Manufacturing subindustry, Bosideng International 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.

Bosideng International Holdings's Interest Coverage Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Bosideng International Holdings's Interest Coverage distribution charts can be found below:

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

Bosideng International 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 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.

Bosideng International Holdings's Interest Coverage for the fiscal year that ended in Mar. 2023 is calculated as

Here, for the fiscal year that ended in Mar. 2023, Bosideng International Holdings's Interest Expense was HK$-212 Mil. Its Operating Income was HK$3,354 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$2,425 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	3353.625	/	-211.923
	=	15.82

Bosideng International Holdings's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the six months ended in Sep. 2023, Bosideng International Holdings's Interest Expense was HK$-95 Mil. Its Operating Income was HK$1,320 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$2,371 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	1320.465	/	-95.431
	=	13.84

The higher the ratio, the stronger the company's Financial Strength is.

Bosideng International Holdings (HKSE:03998) 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 .

Bosideng International Holdings Interest Coverage Related Terms

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

Bosideng International Holdings (HKSE:03998) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Bosideng International Holdings Ltd (HKSE:03998) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

BSDGY:USA BSDGF:USA 3BD:Germany

Address

99 Queen’s Road Central, Unit 5709, 57th Floor, The Center, Central, Hong Kong, HKG

Website

https://www.bosideng.com

Bosideng International Holdings Ltd is an integrated clothing group in China. It mainly engaged in design, manufacture and sales of down apparel products including research, raw materials procurement, outsourced manufacturing, marketing and distribution of branded down apparel products, original equipment manufacturing products and non-down apparel products. The group operates its business in four segments namely Down apparels, OEM management, Ladieswear apparels, and Diversified apparels. It generates a majority of revenue from the Down apparels segment which carries on the business of sourcing and distributing branded down apparels. The group's down apparel brands include Bosideng, Snow Flying, and Bengen, among others.

Bosideng International Holdings (HKSE:03998) Headlines

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