China Qinfa Group (HKSE:00866) Interest Coverage : 3.16 (As of Dec. 2023)

View and export this data going back to 2009. Start your Free Trial

What is China Qinfa Group 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. China Qinfa Group's Operating Income for the six months ended in Dec. 2023 was HK$362 Mil. China Qinfa Group's Interest Expense for the six months ended in Dec. 2023 was HK$-115 Mil. China Qinfa Group's interest coverage for the quarter that ended in Dec. 2023 was 3.16. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. China Qinfa Group Ltd interest coverage is 3.09, which is low.

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

HKSE:00866' s Interest Coverage Range Over the Past 10 Years
Min: 0.21 Med: 1.67 Max: 4.78
Current: 3.09

HKSE:00866's Interest Coverage is ranked worse than
83.59% of 128 companies
in the Other Energy Sources industry
Industry Median: 22.025 vs HKSE:00866: 3.09

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

China Qinfa Group Interest Coverage Historical Data

The historical data trend for China Qinfa Group'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.

China Qinfa Group Interest Coverage Chart

China Qinfa Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

0.83

0.42

4.78

3.54

3.09

China Qinfa Group 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															6.86	3.94	3.10	2.99	3.16

Competitive Comparison of China Qinfa Group's Interest Coverage

For the Thermal Coal subindustry, China Qinfa Group'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.

China Qinfa Group's Interest Coverage Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, China Qinfa Group's Interest Coverage distribution charts can be found below:

* The bar in red indicates where China Qinfa Group's Interest Coverage falls into.

China Qinfa Group 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.

China Qinfa Group'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, China Qinfa Group's Interest Expense was HK$-202 Mil. Its Operating Income was HK$624 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$1,856 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	623.686	/	-201.99
	=	3.09

China Qinfa Group's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, China Qinfa Group's Interest Expense was HK$-115 Mil. Its Operating Income was HK$362 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$1,856 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	362.373	/	-114.709
	=	3.16

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

China Qinfa Group (HKSE:00866) 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 .

China Qinfa Group Interest Coverage Related Terms

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

China Qinfa Group (HKSE:00866) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » China Qinfa Group Ltd (HKSE:00866) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

No. 1 Pazhou Avenue East, Unit Nos. 2201 to 2208, Level 22, South Tower, Poly International Plaza, Haizhu District, Guangzhou, CHN

Website

http://www.qinfagroup.com

China Qinfa Group Ltd is a Hong-Kong based firm engaged in coal operation business involving coal mining, purchases and sales, filtering, storage, the blending of coal in the PRC, and shipping transportation. The company operates its business through two segments namely Coal and Shipping transportation segments. Coal business segment covers coal mining, purchases and sales, filtering, storage and blending of coal in the PRC, and Shipping transportation segment provides services of time charter and voyage charter of vessels. It has a business presence in the PRC and other countries, of which the majority of the revenue is generated within the PRC.

China Qinfa Group (HKSE:00866) Headlines

No Headlines