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First Service Holding (HKSE:02107) Interest Coverage : 0 (At Loss) (As of Dec. 2023)


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What is First Service Holding 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. First Service Holding's Operating Income for the six months ended in Dec. 2023 was HK$33 Mil. First Service Holding's Interest Expense for the six months ended in Dec. 2023 was HK$0 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

First Service Holding Ltd has no debt.

The historical rank and industry rank for First Service Holding's Interest Coverage or its related term are showing as below:

HKSE:02107' s Interest Coverage Range Over the Past 10 Years
Min: 52.44   Med: 528.35   Max: No Debt
Current: 528.35


HKSE:02107's Interest Coverage is ranked better than
91.28% of 1342 companies
in the Real Estate industry
Industry Median: 3.955 vs HKSE:02107: 528.35

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


First Service Holding Interest Coverage Historical Data

The historical data trend for First Service Holding'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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First Service Holding Interest Coverage Chart

First Service Holding Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial 547.42 476.59 71.91 52.44 528.35

First Service Holding Semi-Annual Data
Dec17 Dec18 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 - 29.71 - 334.59 -

Competitive Comparison of First Service Holding's Interest Coverage

For the Real Estate Services subindustry, First Service Holding'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.


First Service Holding's Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, First Service Holding's Interest Coverage distribution charts can be found below:

* The bar in red indicates where First Service Holding's Interest Coverage falls into.



First Service Holding 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.

First Service Holding'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, First Service Holding's Interest Expense was HK$-0 Mil. Its Operating Income was HK$93 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$0 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*92.989/-0.176
=528.35

First Service Holding's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, First Service Holding's Interest Expense was HK$0 Mil. Its Operating Income was HK$33 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$0 Mil.

* 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.


First Service Holding  (HKSE:02107) 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 .


First Service Holding Interest Coverage Related Terms

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


First Service Holding (HKSE:02107) Business Description

Traded in Other Exchanges
N/A
Address
No. 1 Xiangheyuan Road, Dongzhimenwai, 3rd Floor, Building 10, Wanguocheng MOMA, Dongcheng District, Beijing, CHN, 100028
First Service Holding Ltd is a provider of property management services and green living solutions that cover the full property life cycle. The company's service portfolio is segregated into three business lines Property management services comprising cleaning, security, gardening and repair and maintenance; Green living solutions comprising energy operation services, green technology consulting services, systems installation services and sales of its AIRDINO systems; and Value-added services comprising parking space management services, communal area leasing services, sales assistance services, home living services, and preliminary planning and design consultancy.

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