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International Business Settlement Holdings (HKSE:00147) Interest Coverage : 0 (At Loss) (As of Sep. 2023)


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What is International Business Settlement 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. International Business Settlement Holdings's Operating Income for the six months ended in Sep. 2023 was HK$-9.4 Mil. International Business Settlement Holdings's Interest Expense for the six months ended in Sep. 2023 was HK$-33.5 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. International Business Settlement Holdings Ltd interest coverage is 2.09, which is low.

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

HKSE:00147' s Interest Coverage Range Over the Past 10 Years
Min: 2.09   Med: No Debt   Max: No Debt
Current: 2.09


HKSE:00147's Interest Coverage is ranked worse than
68.41% of 1336 companies
in the Real Estate industry
Industry Median: 4.06 vs HKSE:00147: 2.09

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


International Business Settlement Holdings Interest Coverage Historical Data

The historical data trend for International Business Settlement 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.

* Premium members only.

International Business Settlement Holdings Interest Coverage Chart

International Business Settlement Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 2.53

International Business Settlement Holdings Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - 3.31 -

Competitive Comparison of International Business Settlement Holdings's Interest Coverage

For the Real Estate - Development subindustry, International Business Settlement 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.


International Business Settlement Holdings's Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, International Business Settlement Holdings's Interest Coverage distribution charts can be found below:

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



International Business Settlement 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.

International Business Settlement Holdings's Interest Coverage for the fiscal year that ended in Mar. 2023 is calculated as

Here, for the fiscal year that ended in Mar. 2023, International Business Settlement Holdings's Interest Expense was HK$-72.1 Mil. Its Operating Income was HK$182.1 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$132.8 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2023 )/Interest Expense (A: Mar. 2023 )
=-1*182.105/-72.081
=2.53

International Business Settlement Holdings's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the six months ended in Sep. 2023, International Business Settlement Holdings's Interest Expense was HK$-33.5 Mil. Its Operating Income was HK$-9.4 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$123.9 Mil.

International Business Settlement Holdings 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.


International Business Settlement Holdings  (HKSE:00147) 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 .


International Business Settlement Holdings Interest Coverage Related Terms

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


International Business Settlement Holdings (HKSE:00147) Business Description

Traded in Other Exchanges
N/A
Address
255-257 Gloucester Road, Unit 3103, 31st Floor, Sino Plaza, Causeway Bay, Hong Kong, HKG
International Business Settlement Holdings Ltd is an investment holding company. The company's operating segments include Property development; Hotel business; International business settlement; Contact lens business; Leasing and trading of computer equipment business and Financing business. It generates maximum revenue from the Property development segment which includes developing and selling commercial and residential properties, and car parking spaces including undertaking primary land development activities, in the PRC. Geographically, it derives a majority of its revenue from PRC.

International Business Settlement Holdings (HKSE:00147) Headlines

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