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International Entertainment (HKSE:01009) Interest Coverage : 0 (At Loss) (As of Dec. 2023)


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What is International Entertainment 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 Entertainment's Operating Income for the six months ended in Dec. 2023 was HK$-13.4 Mil. International Entertainment's Interest Expense for the six months ended in Dec. 2023 was HK$-27.3 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 International Entertainment's Interest Coverage or its related term are showing as below:

HKSE:01009' s Interest Coverage Range Over the Past 10 Years
Min: 0.23   Med: 9.32   Max: No Debt
Current: 0.23


HKSE:01009's Interest Coverage is ranked worse than
96.84% of 1330 companies
in the Real Estate industry
Industry Median: 3.97 vs HKSE:01009: 0.23

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 Entertainment Interest Coverage Historical Data

The historical data trend for International Entertainment'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 Entertainment Interest Coverage Chart

International Entertainment Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Jun19 Jun20 Jun21 Jun22 Jun23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only N/A 0.66 - - 1.49

International Entertainment Semi-Annual Data
Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 - - 1.40 1.56 -

Competitive Comparison of International Entertainment's Interest Coverage

For the Real Estate Services subindustry, International Entertainment'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 Entertainment's Interest Coverage Distribution in the Real Estate Industry

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

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



International Entertainment 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 Entertainment's Interest Coverage for the fiscal year that ended in Jun. 2023 is calculated as

Here, for the fiscal year that ended in Jun. 2023, International Entertainment's Interest Expense was HK$-26.5 Mil. Its Operating Income was HK$39.5 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$84.2 Mil.

Interest Coverage=-1* Operating Income (A: Jun. 2023 )/Interest Expense (A: Jun. 2023 )
=-1*39.465/-26.474
=1.49

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

Here, for the six months ended in Dec. 2023, International Entertainment's Interest Expense was HK$-27.3 Mil. Its Operating Income was HK$-13.4 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$639.8 Mil.

International Entertainment 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 Entertainment  (HKSE:01009) 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 Entertainment Interest Coverage Related Terms

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


International Entertainment (HKSE:01009) Business Description

Traded in Other Exchanges
N/A
Address
No. 71 Des Voeux Road Central, Units 2109-10, 21st Floor, Wing On House, Hong Kong, HKG
International Entertainment Corp is mainly engaged in the hotel operations and leasing of properties for casino and ancillary leisure and entertainment operations. The operating segments of the group are Hotel, Gaming Operation, and Live Events. It generates maximum revenue from the Gaming Operation segment. The Gaming Operation segment represents the leasing of investment properties equipped with entertainment equipment to PAGCOR. Geographically, it derives a majority of its revenue from the Philippines.
Executives
Eriska Investment Fund Ltd 2101 Beneficial owner
Tang Yuk Fan 2201 Interest of corporation controlled by you
Ag Investment Management Company Limited 2201 Interest of corporation controlled by you
Excite Investments Holdings Limited 2201 Interest of corporation controlled by you
Excite Opportunity Fund L.p. 2101 Beneficial owner
Glorious Future Fund Spc 2201 Interest of corporation controlled by you
Ho Wong Meng 2201 Interest of corporation controlled by you

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