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Sunshine 100 China Holdings (HKSE:02608) Interest Coverage : 0.02 (As of Dec. 2023)


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What is Sunshine 100 China 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. Sunshine 100 China Holdings's Operating Income for the six months ended in Dec. 2023 was HK$17 Mil. Sunshine 100 China Holdings's Interest Expense for the six months ended in Dec. 2023 was HK$-905 Mil. Sunshine 100 China Holdings's interest coverage for the quarter that ended in Dec. 2023 was 0.02. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Sunshine 100 China Holdings's Interest Coverage or its related term are showing as below:


HKSE:02608's Interest Coverage is not ranked *
in the Real Estate industry.
Industry Median: 3.955
* 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.


Sunshine 100 China Holdings Interest Coverage Historical Data

The historical data trend for Sunshine 100 China 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.

Sunshine 100 China Holdings Interest Coverage Chart

Sunshine 100 China Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.87 0.83 - - -

Sunshine 100 China Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - 0.02

Competitive Comparison of Sunshine 100 China Holdings's Interest Coverage

For the Real Estate - Development subindustry, Sunshine 100 China 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.


Sunshine 100 China Holdings's Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Sunshine 100 China Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Sunshine 100 China Holdings's Interest Coverage falls into.



Sunshine 100 China 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.

Sunshine 100 China Holdings'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, Sunshine 100 China Holdings's Interest Expense was HK$-1,842 Mil. Its Operating Income was HK$-154 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$4,495 Mil.

Sunshine 100 China Holdings did not have earnings to cover the interest expense.

Sunshine 100 China Holdings's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Sunshine 100 China Holdings's Interest Expense was HK$-905 Mil. Its Operating Income was HK$17 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$4,495 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*17.092/-904.714
=0.02

* 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.


Sunshine 100 China Holdings  (HKSE:02608) 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 .


Sunshine 100 China Holdings Interest Coverage Related Terms

Thank you for viewing the detailed overview of Sunshine 100 China Holdings's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Sunshine 100 China Holdings (HKSE:02608) Business Description

Traded in Other Exchanges
N/A
Address
No. 2 Guang Hua Road, 12th Floor, Tower D, Beijing, CHN, 100026
Sunshine 100 China Holdings Ltd engages in property and land development, property investment, and property management & hotel operation in China. The group generates revenue through property sales, property management and hotel operation income, and rental income. The property and land development business earns sales from residential and commercial properties and constructs projects in multiple Chinese cities. A majority of the company's revenue is derived from the mixed-use business complexes segment. Nearly all the company's revenue comes from its customers in the People's Republic of China.
Executives
Fantasy Races Limited 2201 Interest of corporation controlled by you
Tian Feng 2401 A concert party to an agreement to buy shares
Li Mingqiang 2401 A concert party to an agreement to buy shares
Jin Xiangfei 2401 A concert party to an agreement to buy shares
Liu Chaohui 2401 A concert party to an agreement to buy shares
Yi Xiaodi 2307 Founder of a discretionary trust who can infl
Fan Xiaohua 2307 Founder of a discretionary trust who can infl
Fan Xiaochong 2307 Founder of a discretionary trust who can infl
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Joywise Holdings Limited 2101 Beneficial owner
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