IVD Medical Holding (HKSE:01931) Interest Coverage : 21.23 (As of Dec. 2023)

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What is IVD Medical Holding 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. IVD Medical Holding's Operating Income for the six months ended in Dec. 2023 was HK$239 Mil. IVD Medical Holding's Interest Expense for the six months ended in Dec. 2023 was HK$-11 Mil. IVD Medical Holding's interest coverage for the quarter that ended in Dec. 2023 was 21.23. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for IVD Medical Holding's Interest Coverage or its related term are showing as below:

HKSE:01931' s Interest Coverage Range Over the Past 10 Years
Min: 10.5 Med: 21.79 Max: No Debt
Current: 18.6

HKSE:01931's Interest Coverage is ranked better than
57.69% of 78 companies
in the Medical Distribution industry
Industry Median: 10.31 vs HKSE:01931: 18.60

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

IVD Medical Holding Interest Coverage Historical Data

The historical data trend for IVD Medical Holding'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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IVD Medical Holding Interest Coverage Chart

IVD Medical Holding Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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24.98

10.50

13.66

11.81

18.60

IVD Medical Holding Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial									13.14	12.03	11.67	16.09	21.23

Competitive Comparison of IVD Medical Holding's Interest Coverage

For the Medical Distribution subindustry, IVD Medical Holding'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.

IVD Medical Holding's Interest Coverage Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, IVD Medical Holding's Interest Coverage distribution charts can be found below:

* The bar in red indicates where IVD Medical Holding's Interest Coverage falls into.

IVD Medical Holding 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.

IVD Medical Holding'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, IVD Medical Holding's Interest Expense was HK$-23 Mil. Its Operating Income was HK$428 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	428.109	/	-23.013
	=	18.60

IVD Medical Holding's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, IVD Medical Holding's Interest Expense was HK$-11 Mil. Its Operating Income was HK$239 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$0 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	239.149	/	-11.267
	=	21.23

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

IVD Medical Holding (HKSE:01931) 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 .

IVD Medical Holding Interest Coverage Related Terms

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

IVD Medical Holding (HKSE:01931) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » IVD Medical Holding Ltd (HKSE:01931) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lane 299, Bisheng Road, Room 602, Building 6, Zhangjiang Hi-Tech Park, Pudong New Area District, Shanghai, CHN

Website

http://www.ivdholding.com

IVD Medical Holding Ltd is principally engaged in the sale and manufacture of medical equipment and consumables and the provision of consultancy and maintenance services related to medical equipment. It has three segments. The distribution business, which is the key revenue driver, involves the trading of IVD analysers, reagents, and other consumables to customers such as distributors, hospitals and healthcare institutions, and logistics providers. The After-sales Services provided by Vastec include maintenance and repair services, installation services and end-customer training. Its Self-branded Products Business, distributes its self-developed IVD products under its own brand which includes IVD analysers and reagents under the IVD testing category of Point-of-care testing.

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