Cinda International Holdings (FRA:HNT) Interest Coverage : 0.25 (As of Dec. 2023)

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What is Cinda International 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. Cinda International Holdings's Operating Income for the six months ended in Dec. 2023 was €0.42 Mil. Cinda International Holdings's Interest Expense for the six months ended in Dec. 2023 was €-1.67 Mil. Cinda International Holdings's interest coverage for the quarter that ended in Dec. 2023 was 0.25. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Cinda International Holdings's Interest Coverage or its related term are showing as below:

FRA:HNT' s Interest Coverage Range Over the Past 10 Years
Min: 0.43 Med: 1.14 Max: 2.05
Current: 0.43

FRA:HNT's Interest Coverage is ranked worse than
98.68% of 456 companies
in the Capital Markets industry
Industry Median: 19.52 vs FRA:HNT: 0.43

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

Cinda International Holdings Interest Coverage Historical Data

The historical data trend for Cinda International 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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Cinda International Holdings Interest Coverage Chart

Cinda International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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1.14

0.78

1.87

0.72

0.43

Cinda International Holdings 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															2.92	-	1.33	0.65	0.25

Competitive Comparison of Cinda International Holdings's Interest Coverage

For the Capital Markets subindustry, Cinda International 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.

Cinda International Holdings's Interest Coverage Distribution in the Capital Markets Industry

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

* The bar in red indicates where Cinda International Holdings's Interest Coverage falls into.

Cinda International 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.

Cinda International Holdings'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, Cinda International Holdings's Interest Expense was €-3.09 Mil. Its Operating Income was €1.34 Mil. And its Long-Term Debt & Capital Lease Obligation was €1.21 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	1.343	/	-3.091
	=	0.43

Cinda International Holdings's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Cinda International Holdings's Interest Expense was €-1.67 Mil. Its Operating Income was €0.42 Mil. And its Long-Term Debt & Capital Lease Obligation was €1.21 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	0.421	/	-1.671
	=	0.25

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

Cinda International Holdings (FRA:HNT) 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 .

Cinda International Holdings Interest Coverage Related Terms

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

Cinda International Holdings (FRA:HNT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Cinda International Holdings Ltd (FRA:HNT) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

00111:Hong Kong

Address

183 Queen’s Road Central, 45th Floor, COSCO Tower, Hong Kong, HKG

Website

https://www.cinda.com.hk

Cinda International Holdings Ltd provides financial services including asset management, corporate financial advisory services, securities brokering, commodities, and futures brokering, and financial planning and insurance brokering. Its segments consist of Asset management; Sales and trading business; and Corporate finance. It derives majority of the revenue from Sales and trading business that provides brokering services in securities, equity-linked products, unit trusts and stock options commodities and futures contracts traded in Hong Kong and selected overseas markets, underwriting, placing and margin financing services to those brokering clients, and acting as an agent for the sale of savings plans, general and life insurance and other investment-linked insurance products.