Pax Global Technology (HKSE:00327) Interest Coverage : 178.57 (As of Dec. 2023)

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What is Pax Global Technology 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. Pax Global Technology's Operating Income for the six months ended in Dec. 2023 was HK$527 Mil. Pax Global Technology's Interest Expense for the six months ended in Dec. 2023 was HK$-3 Mil. Pax Global Technology's interest coverage for the quarter that ended in Dec. 2023 was 178.57. 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. Pax Global Technology Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Pax Global Technology's Interest Coverage or its related term are showing as below:

HKSE:00327' s Interest Coverage Range Over the Past 10 Years
Min: 62.45 Med: 201.36 Max: No Debt
Current: 224.15

HKSE:00327's Interest Coverage is ranked better than
87.47% of 2291 companies
in the Industrial Products industry
Industry Median: 13.67 vs HKSE:00327: 224.15

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

Pax Global Technology Interest Coverage Historical Data

The historical data trend for Pax Global Technology'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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Pax Global Technology Interest Coverage Chart

Pax Global Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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173.33

138.13

178.57

248.35

224.15

Pax Global Technology Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial															189.72	251.04	245.20	279.60	178.57

Competitive Comparison of Pax Global Technology's Interest Coverage

For the Business Equipment & Supplies subindustry, Pax Global Technology'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.

Pax Global Technology's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Pax Global Technology's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Pax Global Technology's Interest Coverage falls into.

Pax Global Technology 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.

Pax Global Technology'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, Pax Global Technology's Interest Expense was HK$-5 Mil. Its Operating Income was HK$1,205 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$84 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	1205.013	/	-5.376
	=	224.15

Pax Global Technology's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Pax Global Technology's Interest Expense was HK$-3 Mil. Its Operating Income was HK$527 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$84 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	526.974	/	-2.951
	=	178.57

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

Pax Global Technology (HKSE:00327) 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 .

Pax Global Technology Interest Coverage Related Terms

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

Pax Global Technology (HKSE:00327) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Pax Global Technology Ltd (HKSE:00327) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

PXGYF:USA P8X:Germany

Address

30 Harbour Road, 25th Floor, Room 2504, Sun Hung Kai Centre, Wanchai, Hong Kong, HKG

Website

https://www.paxglobal.com.hk

Pax Global Technology Ltd sells a variety of electronic payment devices. The company's products can be organized into three categories based on product type. The E-payment terminals, which generate the majority of revenue, are wireless handheld devices that enable users to pay through the swipe through or insert of a credit or debit card. The E-payment terminals are used by restaurants and retailers. The consumer activated devices are used to support a variety of connection options for the E-payment terminals. Contactless devices enable users to pay without having to swipe or insert a card.

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