DaChan Food (Asia) (HKSE:03999) Interest Coverage : 0 (At Loss) (As of Dec. 2023)

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What is DaChan Food (Asia) 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. DaChan Food (Asia)'s Operating Income for the three months ended in Dec. 2023 was HK$-34 Mil. DaChan Food (Asia)'s Interest Expense for the three months ended in Dec. 2023 was HK$-7 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for DaChan Food (Asia)'s Interest Coverage or its related term are showing as below:

HKSE:03999' s Interest Coverage Range Over the Past 10 Years
Min: 2.18 Med: 4.75 Max: 11.9
Current: 3.71

HKSE:03999's Interest Coverage is ranked worse than
68.48% of 1380 companies
in the Consumer Packaged Goods industry
Industry Median: 8.635 vs HKSE:03999: 3.71

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

DaChan Food (Asia) Interest Coverage Historical Data

The historical data trend for DaChan Food (Asia)'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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DaChan Food (Asia) Interest Coverage Chart

DaChan Food (Asia) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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6.83

10.35

9.86

11.90

4.75

DaChan Food (Asia) Quarterly Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial															4.20	N/A	13.68	-	6.28

Competitive Comparison of DaChan Food (Asia)'s Interest Coverage

For the Packaged Foods subindustry, DaChan Food (Asia)'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.

DaChan Food (Asia)'s Interest Coverage Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, DaChan Food (Asia)'s Interest Coverage distribution charts can be found below:

* The bar in red indicates where DaChan Food (Asia)'s Interest Coverage falls into.

DaChan Food (Asia) 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.

DaChan Food (Asia)'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, DaChan Food (Asia)'s Interest Expense was HK$-19 Mil. Its Operating Income was HK$92 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$310 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	92.132	/	-19.401
	=	4.75

DaChan Food (Asia)'s Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, DaChan Food (Asia)'s Interest Expense was HK$-7 Mil. Its Operating Income was HK$-34 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$310 Mil.

DaChan Food (Asia) did not have earnings to cover the interest expense.

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

DaChan Food (Asia) (HKSE:03999) 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 .

DaChan Food (Asia) Interest Coverage Related Terms

Thank you for viewing the detailed overview of DaChan Food (Asia)'s Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

DaChan Food (Asia) (HKSE:03999) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » DaChan Food (Asia) Ltd (HKSE:03999) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

No. 6 Chaowai Street, Room 401, 4th Floor, Office Tower C, Vanton Center, Chaoyang District, Beijing, CHN, 100020

Website

https://www.dfa3999.com

DaChan Food (Asia) Ltd is an investment holding company. It operates through three segments namely, the Chicken Meat segment which carries on a business of broiler farming, hatching of broiler breeder eggs, contract farming, processing and marketing of chilled and frozen chicken meat marketed under the brand of DaChan and Sisters' Kitchen; The Livestock feeds segment manufactures and distributes complete feed, base mix and pre-mix for swine, layer, broiler, duck, and breeder poultry under the brands of Dr. Nupak, DaChan, and Green Knight; and The Processed food segment produces and distributes pickled, pre-fried, and instant food. The geographical regions of the group are The PRC, Japan and Rest of Asia Pacific.

Executives

Great Wall Feedtech (holdings) Ltd.	2101 Beneficial owner
Great Wall Enterprise Co., Ltd.	2201 Interest of corporation controlled by you
Great Wall International (holdings) Ltd.	2201 Interest of corporation controlled by you
Hansen, Inc.	2101 Beneficial owner

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