Garden Stage (Garden Stage) Interest Coverage : No Debt ⁽¹⁾ (As of Sep. 2023)

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What is Garden Stage 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. Garden Stage's Operating Income for the six months ended in Sep. 2023 was $-0.77 Mil. Garden Stage's Interest Expense for the six months ended in Sep. 2023 was $0.00 Mil. Garden Stage has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Garden Stage Ltd has enough cash to cover all of its debt. Its financial situation is stable.

(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 Garden Stage's Interest Coverage or its related term are showing as below:

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

GSIW's Interest Coverage is ranked better than
99.34% of 455 companies
in the Capital Markets industry
Industry Median: 19.96 vs GSIW: 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.

Garden Stage Interest Coverage Historical Data

The historical data trend for Garden Stage'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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Garden Stage Interest Coverage Chart

Garden Stage Annual Data

Trend

Mar21

Mar22

Mar23

Interest Coverage

No Debt

N/A

No Debt

Garden Stage Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Coverage	Get a 7-Day Free Trial			No Debt	N/A	N/A	No Debt	No Debt

Competitive Comparison of Garden Stage's Interest Coverage

For the Capital Markets subindustry, Garden Stage'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.

Garden Stage's Interest Coverage Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Garden Stage's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Garden Stage's Interest Coverage falls into.

Garden Stage 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.

Garden Stage'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, Garden Stage's Interest Expense was $0.00 Mil. Its Operating Income was $-0.26 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Garden Stage had no debt ⁽¹⁾.

Garden Stage's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the six months ended in Sep. 2023, Garden Stage's Interest Expense was $0.00 Mil. Its Operating Income was $-0.77 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Garden Stage had no debt ⁽¹⁾.

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

Garden Stage (NAS:GSIW) 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 .

Garden Stage Interest Coverage Related Terms

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

Garden Stage (Garden Stage) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Garden Stage Ltd (NAS:GSIW) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

141 Des Voeux Road Central, Room 201, 2/F, China Insurance Group Building, Hong Kong, HKG

Website

https://www.iwinsec.com

Garden Stage Ltd is a Hong Kong-based financial services provider principally engaged in the provision of placing and underwriting services; securities dealing and brokerage services; and asset management services. Its business is carried out through its wholly owned Operating Subsidiaries: a) I Win Securities, which is licensed to conduct Type 1 (dealing in securities) regulated activities under the SFO in Hong Kong, and b) I Win Asset Management, which is licensed to conduct Type 4 (advising on securities) and Type 9 (asset management) regulated activities under the SFO in Hong Kong.

Garden Stage (Garden Stage) Interest Coverage : No Debt (1) (As of Sep. 2023)