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Great China Holdings (Hong Kong) (HKSE:00021) Interest Coverage : 0 (At Loss) (As of Dec. 2023)


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What is Great China Holdings (Hong Kong) 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. Great China Holdings (Hong Kong)'s Operating Income for the six months ended in Dec. 2023 was HK$-21.85 Mil. Great China Holdings (Hong Kong)'s Interest Expense for the six months ended in Dec. 2023 was HK$-0.68 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 Great China Holdings (Hong Kong)'s Interest Coverage or its related term are showing as below:


HKSE:00021's Interest Coverage is not ranked *
in the Real Estate industry.
Industry Median: 4.05
* Ranked among companies with meaningful Interest Coverage only.

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


Great China Holdings (Hong Kong) Interest Coverage Historical Data

The historical data trend for Great China Holdings (Hong Kong)'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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Great China Holdings (Hong Kong) Interest Coverage Chart

Great China Holdings (Hong Kong) Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
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Great China Holdings (Hong Kong) Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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Competitive Comparison of Great China Holdings (Hong Kong)'s Interest Coverage

For the Real Estate Services subindustry, Great China Holdings (Hong Kong)'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.


Great China Holdings (Hong Kong)'s Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Great China Holdings (Hong Kong)'s Interest Coverage distribution charts can be found below:

* The bar in red indicates where Great China Holdings (Hong Kong)'s Interest Coverage falls into.



Great China Holdings (Hong Kong) 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.

Great China Holdings (Hong Kong)'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, Great China Holdings (Hong Kong)'s Interest Expense was HK$-0.71 Mil. Its Operating Income was HK$-27.42 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$0.00 Mil.

Great China Holdings (Hong Kong) did not have earnings to cover the interest expense.

Great China Holdings (Hong Kong)'s Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Great China Holdings (Hong Kong)'s Interest Expense was HK$-0.68 Mil. Its Operating Income was HK$-21.85 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$0.00 Mil.

Great China Holdings (Hong Kong) did not have earnings to cover the interest expense.

* 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.

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


Great China Holdings (Hong Kong)  (HKSE:00021) 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 .


Great China Holdings (Hong Kong) Interest Coverage Related Terms

Thank you for viewing the detailed overview of Great China Holdings (Hong Kong)'s Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Great China Holdings (Hong Kong) (HKSE:00021) Business Description

Traded in Other Exchanges
N/A
Address
Central Plaza, 18 Harbour Road, Suite 6403A-4, 64th Floor, Wanchai, Hong Kong, HKG
Great China Holdings (Hong Kong) Ltd formerly Great China Properties Holdings Ltd is engaged in real estate development and management. It projects of the company include the gold coast project, the tanghai county project, the daya bay project, the jin bao cheng project, the hong hai bay project, and the Heqing project. It has a single reportable segment based on the location of the operations, which is a property development and investment located in the PRC. The firm generates its revenue from the sale and management of properties.

Great China Holdings (Hong Kong) (HKSE:00021) Headlines

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