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Ho Chi Minh City Securities (STC:HCM) Interest Coverage : No Debt (1) (As of Mar. 2024)


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What is Ho Chi Minh City Securities 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. Ho Chi Minh City Securities's Operating Income for the three months ended in Mar. 2024 was ₫6,374 Mil. Ho Chi Minh City Securities's Interest Expense for the three months ended in Mar. 2024 was ₫0 Mil. Ho Chi Minh City Securities 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 Ho Chi Minh City Securities's Interest Coverage or its related term are showing as below:

STC:HCM' s Interest Coverage Range Over the Past 10 Years
Min: No Debt   Med: No Debt   Max: No Debt
Current: No Debt


STC:HCM's Interest Coverage is ranked better than
99.34% of 454 companies
in the Capital Markets industry
Industry Median: 20.26 vs STC:HCM: No Debt

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


Ho Chi Minh City Securities Interest Coverage Historical Data

The historical data trend for Ho Chi Minh City Securities'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.

Ho Chi Minh City Securities Interest Coverage Chart

Ho Chi Minh City Securities 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 No Debt No Debt No Debt No Debt No Debt

Ho Chi Minh City Securities Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 No Debt No Debt

Competitive Comparison of Ho Chi Minh City Securities's Interest Coverage

For the Capital Markets subindustry, Ho Chi Minh City Securities'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.


Ho Chi Minh City Securities's Interest Coverage Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Ho Chi Minh City Securities's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Ho Chi Minh City Securities's Interest Coverage falls into.



Ho Chi Minh City Securities 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.

Ho Chi Minh City Securities'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, Ho Chi Minh City Securities's Interest Expense was ₫0 Mil. Its Operating Income was ₫-224,443 Mil. And its Long-Term Debt & Capital Lease Obligation was ₫0 Mil.

Ho Chi Minh City Securities had no debt (1).

Ho Chi Minh City Securities's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Ho Chi Minh City Securities's Interest Expense was ₫0 Mil. Its Operating Income was ₫6,374 Mil. And its Long-Term Debt & Capital Lease Obligation was ₫0 Mil.

Ho Chi Minh City Securities 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.


Ho Chi Minh City Securities  (STC:HCM) 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 .


Ho Chi Minh City Securities Interest Coverage Related Terms

Thank you for viewing the detailed overview of Ho Chi Minh City Securities's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Ho Chi Minh City Securities (STC:HCM) Business Description

Traded in Other Exchanges
N/A
Address
6 Le Lai, Ben Thanh Ward, Level 5&6, AB Tower, 7, District 1, Ho Chi Minh, VNM
Ho Chi Minh City Securities Corporation is a Vietnam-based securities brokerage and equities firm. It offers a full suite of services and financial products to private and institutional clients. The company provides brokerage and other supporting services including securities trading, underwriting for share issues, custodian services, finance and investment advisory services, investor capital support, portfolio management, pledge of securities, organizing investment and trading seminar, and margin trading services.