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Road King Infrastructure (HKSE:01098) Interest Coverage : 0 (At Loss) (As of Jun. 2024)


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What is Road King Infrastructure 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. Road King Infrastructure's Operating Income for the six months ended in Jun. 2024 was HK$-849 Mil. Road King Infrastructure's Interest Expense for the six months ended in Jun. 2024 was HK$-434 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 Road King Infrastructure's Interest Coverage or its related term are showing as below:


HKSE:01098's Interest Coverage is not ranked *
in the Real Estate industry.
Industry Median: 3.98
* 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.


Road King Infrastructure Interest Coverage Historical Data

The historical data trend for Road King Infrastructure'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.

Road King Infrastructure Interest Coverage Chart

Road King Infrastructure Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.08 3.31 1.15 - -

Road King Infrastructure 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 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 0.22 - - - -

Competitive Comparison of Road King Infrastructure's Interest Coverage

For the Real Estate - Development subindustry, Road King Infrastructure'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.


Road King Infrastructure's Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Road King Infrastructure's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Road King Infrastructure's Interest Coverage falls into.


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Road King Infrastructure 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.

Road King Infrastructure'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, Road King Infrastructure's Interest Expense was HK$-1,054 Mil. Its Operating Income was HK$-1,874 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$12,768 Mil.

Road King Infrastructure did not have earnings to cover the interest expense.

Road King Infrastructure's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Here, for the six months ended in Jun. 2024, Road King Infrastructure's Interest Expense was HK$-434 Mil. Its Operating Income was HK$-849 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$11,557 Mil.

Road King Infrastructure 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.


Road King Infrastructure  (HKSE:01098) 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 .


Road King Infrastructure Interest Coverage Related Terms

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


Road King Infrastructure Business Description

Traded in Other Exchanges
Address
9 Canton Road, The Gateway, Suite 501, 5th Floor, Tower 6, Tsimshatsui, Kowloon, Hong Kong, HKG
Road King Infrastructure Ltd is an investment holding company. The company's principal activities are the operation of property development and investment, investment and asset management businesses in Mainland China and Hong Kong; and the development, operation and management of toll roads through the infrastructure joint ventures in the PRC and Indonesia. The company's business segments are; Property Development and Investment, Toll Road, and Investment and asset management. The Property development and investment segment which generates key revenue is engaged in the development of properties for sale, rental income, or potential capital appreciation. Geographically, it generates a majority of its revenue from Mainland China followed by Hong Kong.
Executives
Wai Kee Holdings Limited 2201 Interest of corporation controlled by you
Groove Trading Limited 2101 Beneficial owner
Zwp Investments Limited 2101 Beneficial owner

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