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Integrated Waste Solutions Group Holdings (HKSE:00923) Interest Coverage : 0 (At Loss) (As of Mar. 2024)


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What is Integrated Waste Solutions Group 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. Integrated Waste Solutions Group Holdings's Operating Income for the six months ended in Mar. 2024 was HK$-24.57 Mil. Integrated Waste Solutions Group Holdings's Interest Expense for the six months ended in Mar. 2024 was HK$-1.15 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Integrated Waste Solutions Group Holdings's Interest Coverage or its related term are showing as below:


HKSE:00923's Interest Coverage is not ranked *
in the Conglomerates industry.
Industry Median: 4.7
* 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.


Integrated Waste Solutions Group Holdings Interest Coverage Historical Data

The historical data trend for Integrated Waste Solutions Group 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.

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Integrated Waste Solutions Group Holdings Interest Coverage Chart

Integrated Waste Solutions Group Holdings Annual Data
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Interest Coverage
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Integrated Waste Solutions Group Holdings Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
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Competitive Comparison of Integrated Waste Solutions Group Holdings's Interest Coverage

For the Conglomerates subindustry, Integrated Waste Solutions Group 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.


Integrated Waste Solutions Group Holdings's Interest Coverage Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Integrated Waste Solutions Group Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Integrated Waste Solutions Group Holdings's Interest Coverage falls into.



Integrated Waste Solutions Group 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.

Integrated Waste Solutions Group Holdings'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, Integrated Waste Solutions Group Holdings's Interest Expense was HK$-1.16 Mil. Its Operating Income was HK$-44.36 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$50.00 Mil.

Integrated Waste Solutions Group Holdings did not have earnings to cover the interest expense.

Integrated Waste Solutions Group Holdings's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the six months ended in Mar. 2024, Integrated Waste Solutions Group Holdings's Interest Expense was HK$-1.15 Mil. Its Operating Income was HK$-24.57 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$50.00 Mil.

Integrated Waste Solutions Group Holdings did not have earnings to cover the interest expense.

* 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.


Integrated Waste Solutions Group Holdings  (HKSE:00923) 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 .


Integrated Waste Solutions Group Holdings Interest Coverage Related Terms

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Integrated Waste Solutions Group Holdings Business Description

Traded in Other Exchanges
N/A
Address
8 Chun Cheong Street, Integrated Waste Solutions Building, Tseung Kwan O Industrial Estate, New Territories, Hong Kong, HKG
Integrated Waste Solutions Group Holdings Ltd and its subsidiaries are engaged in the trading of recovered paper and materials, trading of tissue paper products, provision of confidential materials destruction services, and provision of logistics services. It has four operating business segments: Recovered paper and materials; Tissue paper products; Confidential materials destruction service (CMDS); and Logistics services. Geographically, it serves Hong Kong and Mainland China. The company derives the majority of its revenue from sales of Recovered paper and materials in Hong Kong.
Executives
Firstrate Enterprises Limited 2101 Beneficial owner
Wong Kim Pun 2201 Interest of corporation controlled by you
So Kit Yee Anita 2201 Interest of corporation controlled by you

Integrated Waste Solutions Group Holdings Headlines

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