New Century Group Hong Kong (HKSE:00234) Interest Coverage : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is New Century Group Hong Kong 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. New Century Group Hong Kong's Operating Income for the six months ended in Mar. 2024 was HK$6.55 Mil. New Century Group Hong Kong's Interest Expense for the six months ended in Mar. 2024 was HK$0.00 Mil. New Century Group Hong Kong has no debt. 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. New Century Group Hong Kong Ltd has enough cash to cover all of its debt. Its financial situation is stable.

(1) 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.

The historical rank and industry rank for New Century Group Hong Kong's Interest Coverage or its related term are showing as below:

HKSE:00234' s Interest Coverage Range Over the Past 10 Years
Min: 46.26 Med: 1214 Max: 29154
Current: 29154

HKSE:00234's Interest Coverage is ranked better than
86.36% of 22 companies
in the Banks industry
Industry Median: 17.715 vs HKSE:00234: 29154.00

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

New Century Group Hong Kong Interest Coverage Historical Data

The historical data trend for New Century Group Hong Kong'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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New Century Group Hong Kong Interest Coverage Chart

New Century Group Hong Kong Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Coverage

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14,661.80

1,214.00

4,921.75

8,609.25

No Debt

New Century Group Hong Kong Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Interest Coverage	Get a 7-Day Free Trial															12,013.50	4,338.00	12,880.50	22,604.00	No Debt

Competitive Comparison of New Century Group Hong Kong's Interest Coverage

For the Mortgage Finance subindustry, New Century Group Hong Kong'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.

New Century Group Hong Kong's Interest Coverage Distribution in the Banks Industry

For the Banks industry and Financial Services sector, New Century Group Hong Kong's Interest Coverage distribution charts can be found below:

* The bar in red indicates where New Century Group Hong Kong's Interest Coverage falls into.

New Century Group Hong Kong 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.

New Century Group Hong Kong's Interest Coverage for the fiscal year that ended in Mar. 2024 is calculated as

Here, for the fiscal year that ended in Mar. 2024, New Century Group Hong Kong's Interest Expense was HK$0.00 Mil. Its Operating Income was HK$29.15 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$0.00 Mil.

New Century Group Hong Kong had no debt ⁽¹⁾.

New Century Group Hong Kong's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the six months ended in Mar. 2024, New Century Group Hong Kong's Interest Expense was HK$0.00 Mil. Its Operating Income was HK$6.55 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$0.00 Mil.

New Century Group Hong Kong had no debt ⁽¹⁾.

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

New Century Group Hong Kong (HKSE:00234) 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 .

New Century Group Hong Kong Interest Coverage Related Terms

Thank you for viewing the detailed overview of New Century Group Hong Kong's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

New Century Group Hong Kong Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » New Century Group Hong Kong Ltd (HKSE:00234) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

168-200 Connaught Road Central, Unit 3808, 38th Floor, West Tower, Shun Tak Centre, Hong Kong, HKG

Website

http://www.ncgrp.com.hk

New Century Group Hong Kong Ltd is an investment holding company. The firm along with its subsidiaries is engaged in the business segments of Property investments; Money lending services; and Securities trading, where the securities trading segment engages in the trading of marketable securities for short-term investment purposes; the Property investments segment invests in prime office space and commercial shops for their rental income potential; and the Money lending segment engages in the provision of secured mortgage loans and unsecured personal loans. The company derives the majority of its revenue from the Money lending segment. The group operates in Hong Kong and the rest of Southeast Asia, of which maximum revenue is generated from Hong Kong.

Executives

Ng Lilian	2101 Beneficial owner
Ng Siew Lang, Linda	2101 Beneficial owner
Sio Ion Kuan	2101 Beneficial owner
Ng Wee Keat	2101 Beneficial owner
Huang Si Teng	2501 Other
Ng (huang) Cheow Leng	2201 Interest of corporation controlled by you
Huang Group (bvi) Limited	2201 Interest of corporation controlled by you

New Century Group Hong Kong Headlines

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New Century Group Hong Kong (HKSE:00234) Interest Coverage : No Debt (1) (As of Mar. 2024)