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Financial Street Property Co (HKSE:01502) Interest Coverage : 43.75 (As of Dec. 2023)


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What is Financial Street Property Co 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. Financial Street Property Co's Operating Income for the six months ended in Dec. 2023 was HK$80 Mil. Financial Street Property Co's Interest Expense for the six months ended in Dec. 2023 was HK$-2 Mil. Financial Street Property Co's interest coverage for the quarter that ended in Dec. 2023 was 43.75. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Financial Street Property Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Financial Street Property Co's Interest Coverage or its related term are showing as below:

HKSE:01502' s Interest Coverage Range Over the Past 10 Years
Min: 48.3   Med: 74.55   Max: 93.02
Current: 51.21


HKSE:01502's Interest Coverage is ranked better than
83.01% of 1330 companies
in the Real Estate industry
Industry Median: 3.97 vs HKSE:01502: 51.21

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


Financial Street Property Co Interest Coverage Historical Data

The historical data trend for Financial Street Property Co'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.

Financial Street Property Co Interest Coverage Chart

Financial Street Property Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial 81.46 93.02 82.31 48.30 51.21

Financial Street Property Co Semi-Annual Data
Dec17 Dec18 Jun19 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 49.30 76.00 31.80 58.56 43.75

Competitive Comparison of Financial Street Property Co's Interest Coverage

For the Real Estate Services subindustry, Financial Street Property Co'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.


Financial Street Property Co's Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Financial Street Property Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Financial Street Property Co's Interest Coverage falls into.



Financial Street Property Co 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.

Financial Street Property Co'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, Financial Street Property Co's Interest Expense was HK$-4 Mil. Its Operating Income was HK$189 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$38 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*188.745/-3.686
=51.21

Financial Street Property Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Financial Street Property Co's Interest Expense was HK$-2 Mil. Its Operating Income was HK$80 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$38 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*80.114/-1.831
=43.75

* 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.


Financial Street Property Co  (HKSE:01502) 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 .


Financial Street Property Co Interest Coverage Related Terms

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


Financial Street Property Co (HKSE:01502) Business Description

Traded in Other Exchanges
N/A
Address
1 Xizhimenwai Avenue, 24th Floor, Xihuan Plaza Tower 2, Xicheng District, Beijing, CHN, 100044
Financial Street Property Co Ltd is a property management company in China. The company provides comprehensive property management and related services, including customer services, security services, cleaning and gardening services, engineering, repair and maintenance services, car park management services, and other related services, to its customers including property developers, property owners, owners' associations, tenants and residents. It provides services to commercial and business properties, including office buildings, complexes, retail buildings, and hotels; and Non-commercial properties, including residential properties, public properties, hospitals, educational properties, and others.
Executives
Ubs Group Ag 2201 Interest of corporation controlled by you
Liu Haiyan 2101 Beneficial owner
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Pandanus Partners L.p. 2201 Interest of corporation controlled by you
Fidelity Funds 2101 Beneficial owner
Barings Llc 2102 Investment manager
Northern Trust Fiduciary Services (ireland) Limited 2301 Trustee
Ubs Asset Management (hong Kong) Ltd 2102 Investment manager
Find Jade Limited 2101 Beneficial owner
Intellinsight Holdings Limited 2201 Interest of corporation controlled by you
Kowloon Development Company Limited 2201 Interest of corporation controlled by you
New Explorer Developments Limited 2201 Interest of corporation controlled by you
Or Wai Sheun 2201 Interest of corporation controlled by you

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