Huashi Group Holdings (HKSE:01111) Interest Coverage : 38.89 (As of Dec. 2022)

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What is Huashi 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. Huashi Group Holdings's Operating Income for the six months ended in Dec. 2022 was HK$63.3 Mil. Huashi Group Holdings's Interest Expense for the six months ended in Dec. 2022 was HK$-1.6 Mil. Huashi Group Holdings's interest coverage for the quarter that ended in Dec. 2022 was 38.89. The higher the ratio, the stronger the company's financial strength is.

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

HKSE:01111' s Interest Coverage Range Over the Past 10 Years
Min: 33.16 Med: 38.89 Max: 62.78
Current: 34.23

HKSE:01111's Interest Coverage is ranked better than
64.21% of 623 companies
in the Media - Diversified industry
Industry Median: 11.55 vs HKSE:01111: 34.23

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

Huashi Group Holdings Interest Coverage Historical Data

The historical data trend for Huashi 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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Huashi Group Holdings Interest Coverage Chart

Huashi Group Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Coverage

62.78

33.16

38.89

34.23

Huashi Group Holdings Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Interest Coverage	62.78	33.16	38.89	34.23

Competitive Comparison of Huashi Group Holdings's Interest Coverage

For the Advertising Agencies subindustry, Huashi 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.

Huashi Group Holdings's Interest Coverage Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Huashi Group Holdings's Interest Coverage distribution charts can be found below:

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

Huashi 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.

Huashi Group Holdings's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, Huashi Group Holdings's Interest Expense was HK$-1.6 Mil. Its Operating Income was HK$63.3 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$1.9 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2022 )	/	Interest Expense (A: Dec. 2022 )
	=	-1	*	63.282	/	-1.627
	=	38.89

Huashi Group Holdings's Interest Coverage for the quarter that ended in Dec. 2022 is calculated as

Here, for the six months ended in Dec. 2022, Huashi Group Holdings's Interest Expense was HK$-1.6 Mil. Its Operating Income was HK$63.3 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$1.9 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2022 )	/	Interest Expense (Q: Dec. 2022 )
	=	-1	*	63.282	/	-1.627
	=	38.89

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

Huashi Group Holdings (HKSE:01111) 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 .

Huashi Group Holdings Interest Coverage Related Terms

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

Huashi Group Holdings (HKSE:01111) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Huashi Group Holdings Ltd (HKSE:01111) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Phase II Shuisheng Keji Yuan, 1st Floor, Block 2 Office Building, 1 Chagang Xincun Dongyuan, Wuchang, Wuhan, CHN

Website

http://www.youmeimu.com

Huashi Group Holdings Ltd is a branding, advertising and marketing service provider based in Hubei Province, the PRC, providing services across the entire value chain from market research through collaboration with research institutes to execution of branding, advertising and marketing projects through collaboration with different media resources suppliers so as to assist brand owners, advertisers and advertising agents in formulating and implementing effective service proposals to fulfill their promotional needs and marketing objectives, thereby further enhancing their brand reputation to targeted recipients, and improving the competitiveness and market share of their products or services.

Executives

Chen Jicheng	2201 Interest of corporation controlled by you
Wang Shujin	2201 Interest of corporation controlled by you
Nie Xing	2201 Interest of corporation controlled by you
Jia Yi Wen Hua Chuan Mei You Xian Gong Si	2101 Beneficial owner
Yuan Jin Wen Hua Chuan Mei You Xian Gong Si	2101 Beneficial owner
You Xin Zi Ben You Xian Gong Si	2101 Beneficial owner

Huashi Group Holdings (HKSE:01111) Headlines

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