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Golden Century International Holdings Group (HKSE:00091) Interest Coverage : 0 (At Loss) (As of Jun. 2023)


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What is Golden Century International Holdings Group 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. Golden Century International Holdings Group's Operating Income for the six months ended in Jun. 2023 was HK$-24.7 Mil. Golden Century International Holdings Group's Interest Expense for the six months ended in Jun. 2023 was HK$-0.8 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 Golden Century International Holdings Group's Interest Coverage or its related term are showing as below:


HKSE:00091's Interest Coverage is not ranked *
in the Hardware industry.
Industry Median: 12.53
* 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.


Golden Century International Holdings Group Interest Coverage Historical Data

The historical data trend for Golden Century International Holdings Group'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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Golden Century International Holdings Group Interest Coverage Chart

Golden Century International Holdings Group Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Interest Coverage
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Golden Century International Holdings Group Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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Competitive Comparison of Golden Century International Holdings Group's Interest Coverage

For the Electronics & Computer Distribution subindustry, Golden Century International Holdings Group'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.


Golden Century International Holdings Group's Interest Coverage Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Golden Century International Holdings Group's Interest Coverage distribution charts can be found below:

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



Golden Century International Holdings Group 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.

Golden Century International Holdings Group's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, Golden Century International Holdings Group's Interest Expense was HK$-3.4 Mil. Its Operating Income was HK$-73.4 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$5.0 Mil.

Golden Century International Holdings Group did not have earnings to cover the interest expense.

Golden Century International Holdings Group's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Here, for the six months ended in Jun. 2023, Golden Century International Holdings Group's Interest Expense was HK$-0.8 Mil. Its Operating Income was HK$-24.7 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$0.0 Mil.

Golden Century International Holdings Group 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.


Golden Century International Holdings Group  (HKSE:00091) 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 .


Golden Century International Holdings Group Interest Coverage Related Terms

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Golden Century International Holdings Group (HKSE:00091) Business Description

Traded in Other Exchanges
N/A
Address
535 Jaffe Road, Tower 535, Room 12005, 12th floor, Causeway Bay, HKG
Golden Century International Holdings Group Ltd is an investment holding company. The company's operating segment includes Electronic components, Coalbed methane, Financial business, Wealth Management, Proprietary investment, and Comprehensive healthcare. The Financial business covers securities brokerage, money lending, consultancy, and referral service. Comprehensive healthcare involves the sales of melt-blown fabrics and related equipment and raw material. Its geographical segments are Hong Kong and the PRC, from which a majority of its revenue comes from the PRC.

Golden Century International Holdings Group (HKSE:00091) Headlines

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