Miramar Hotel & Investment Co (HKSE:00071) Interest Coverage : 414.86 (As of Dec. 2024)

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What is Miramar Hotel & Investment 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. Miramar Hotel & Investment Co's Operating Income for the six months ended in Dec. 2024 was HK$693 Mil. Miramar Hotel & Investment Co's Interest Expense for the six months ended in Dec. 2024 was HK$-2 Mil. Miramar Hotel & Investment Co's interest coverage for the quarter that ended in Dec. 2024 was 414.86. 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. Miramar Hotel & Investment Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Miramar Hotel & Investment Co's Interest Coverage or its related term are showing as below:

HKSE:00071' s Interest Coverage Range Over the Past 10 Years
Min: 29.49 Med: 267.26 Max: 940.06
Current: 382.89

HKSE:00071's Interest Coverage is ranked better than
91.64% of 610 companies
in the Travel & Leisure industry
Industry Median: 4.53 vs HKSE:00071: 382.89

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

Miramar Hotel & Investment Co Interest Coverage Historical Data

The historical data trend for Miramar Hotel & Investment 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.

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Miramar Hotel & Investment Co Interest Coverage Chart

Miramar Hotel & Investment Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Coverage

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179.71

241.26

285.65

428.10

382.89

Miramar Hotel & Investment Co Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Interest Coverage	Get a 7-Day Free Trial															331.38	284.24	582.48	329.08	414.86

Competitive Comparison of Miramar Hotel & Investment Co's Interest Coverage

For the Travel Services subindustry, Miramar Hotel & Investment 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.

Miramar Hotel & Investment Co's Interest Coverage Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Miramar Hotel & Investment Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Miramar Hotel & Investment Co's Interest Coverage falls into.

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Miramar Hotel & Investment 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.

Miramar Hotel & Investment Co's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, Miramar Hotel & Investment Co's Interest Expense was HK$-3 Mil. Its Operating Income was HK$1,019 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$48 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2024 )	/	Interest Expense (A: Dec. 2024 )
	=	-1	*	1019.256	/	-2.662
	=	382.89

Miramar Hotel & Investment Co's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the six months ended in Dec. 2024, Miramar Hotel & Investment Co's Interest Expense was HK$-2 Mil. Its Operating Income was HK$693 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$48 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	692.812	/	-1.67
	=	414.86

The higher the ratio, the stronger the company's Financial Strength is.

Miramar Hotel & Investment Co (HKSE:00071) 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 .

Miramar Hotel & Investment Co Interest Coverage Related Terms

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

Miramar Hotel & Investment Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Miramar Hotel & Investment Co Ltd (HKSE:00071) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

MMHTF:USA

Address

132 Nathan Road, 15th Floor, Mira Place Tower A, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

https://www.miramar-group.com

Miramar Hotel & Investment Co Ltd is an investment holding company. Along with its subsidiaries it operates in five reportbale segments: Property rental, which includes leasing of office and retail premises to generate rental income and to gain from the appreciation in properties values in the long term; Hotels & serviced apartments segment operates hotels and serviced apartments and provides hotel management services; Food & beverage operation segment operates restaurants; Travel operation segment is engaged in providing travel agency services; and Others. Maximum revenue for the group is generated from the Travel operation segment. Geographically, it generates maximum revenue from the Hong Kong Special Administrative Region, followed by the People's Republic of China, and United Kingdom.

Executives

Lee Ka Shing	2501 Other
Lee Shau Kee	2501 Other
Multiglade Holdings Limited
Aynbury Investments Limited	2201 Interest of corporation controlled by you
Henderson Development Limited	2201 Interest of corporation controlled by you
Henderson Land Development Company Limited	2201 Interest of corporation controlled by you
Hopkins (cayman) Limited	2201 Interest of corporation controlled by you
Riddick (cayman) Limited	2301 Trustee
Rimmer (cayman) Limited	2301 Trustee

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