China-Hongkong Photo Products Holdings (HKSE:01123) Interest Coverage : 25.93 (As of Sep. 2023)

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What is China-Hongkong Photo Products 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. China-Hongkong Photo Products Holdings's Operating Income for the six months ended in Sep. 2023 was HK$29 Mil. China-Hongkong Photo Products Holdings's Interest Expense for the six months ended in Sep. 2023 was HK$-1 Mil. China-Hongkong Photo Products Holdings's interest coverage for the quarter that ended in Sep. 2023 was 25.93. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for China-Hongkong Photo Products Holdings's Interest Coverage or its related term are showing as below:

HKSE:01123' s Interest Coverage Range Over the Past 10 Years
Min: 2.19 Med: No Debt Max: No Debt
Current: 19

HKSE:01123's Interest Coverage is ranked better than
70.03% of 604 companies
in the Travel & Leisure industry
Industry Median: 5.21 vs HKSE:01123: 19.00

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

China-Hongkong Photo Products Holdings Interest Coverage Historical Data

The historical data trend for China-Hongkong Photo Products 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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China-Hongkong Photo Products Holdings Interest Coverage Chart

China-Hongkong Photo Products Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

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No Debt

2.19

10.68

China-Hongkong Photo Products 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															0.36	-	8.79	12.71	25.93

Competitive Comparison of China-Hongkong Photo Products Holdings's Interest Coverage

For the Leisure subindustry, China-Hongkong Photo Products 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.

China-Hongkong Photo Products Holdings's Interest Coverage Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, China-Hongkong Photo Products Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where China-Hongkong Photo Products Holdings's Interest Coverage falls into.

China-Hongkong Photo Products 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.

China-Hongkong Photo Products 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, China-Hongkong Photo Products Holdings's Interest Expense was HK$-3 Mil. Its Operating Income was HK$27 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$21 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	26.79	/	-2.508
	=	10.68

China-Hongkong Photo Products Holdings's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the six months ended in Sep. 2023, China-Hongkong Photo Products Holdings's Interest Expense was HK$-1 Mil. Its Operating Income was HK$29 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$20 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	28.52	/	-1.1
	=	25.93

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

China-Hongkong Photo Products Holdings (HKSE:01123) 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 .

China-Hongkong Photo Products Holdings Interest Coverage Related Terms

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

China-Hongkong Photo Products Holdings (HKSE:01123) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » China-Hongkong Photo Products Holdings Ltd (HKSE:01123) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

220-248 Texaco Road, 8th Floor, Tsuen Wan Industrial Centre, Tsuen Wan, Hong Kong, HKG

Website

http://www.chinahkphoto.com.hk

China-Hongkong Photo Products Holdings Ltd is an investment holding company. The company's operating segment includes Merchandise; Service; Investment and Corporate and 0thers. Its Merchandise segment is engaged in the marketing and distribution of photographic developing, processing and printing products as well as the sale of photographic merchandise, skincare products, consumer electronic products, and household appliances. It generates maximum revenue from the Merchandise segment. Geographically, it derives a majority of revenue from Hong Kong and also has a presence in the People's Republic of China.

Executives

Tricor Equity Trustee Limited	2301 Trustee
Sun Tai Lun
Sun Tao Hsi, Ryan	2305 Beneficiary of a trust

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