Shandong Hi Speed New Energy Group (HKSE:01250) Interest Coverage : 1.30 (As of Dec. 2024)

View and export this data going back to 2013. Start your Free Trial

What is Shandong Hi Speed New Energy 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. Shandong Hi Speed New Energy Group's Operating Income for the six months ended in Dec. 2024 was HK$663 Mil. Shandong Hi Speed New Energy Group's Interest Expense for the six months ended in Dec. 2024 was HK$-510 Mil. Shandong Hi Speed New Energy Group's interest coverage for the quarter that ended in Dec. 2024 was 1.30. 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. Shandong Hi Speed New Energy Group Ltd interest coverage is 1.4, which is low.

The historical rank and industry rank for Shandong Hi Speed New Energy Group's Interest Coverage or its related term are showing as below:

HKSE:01250' s Interest Coverage Range Over the Past 10 Years
Min: 0.68 Med: 1.73 Max: 18.69
Current: 1.4

HKSE:01250's Interest Coverage is ranked worse than
76.23% of 324 companies
in the Utilities - Independent Power Producers industry
Industry Median: 3.01 vs HKSE:01250: 1.40

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

Shandong Hi Speed New Energy Group Interest Coverage Historical Data

The historical data trend for Shandong Hi Speed New Energy 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.

Shandong Hi Speed New Energy Group Interest Coverage Chart

Shandong Hi Speed New Energy Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Coverage

Get a 7-Day Free Trial

1.68

0.68

1.04

1.12

1.40

Shandong Hi Speed New Energy Group 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															0.73	1.52	0.68	1.47	1.30

Competitive Comparison of Shandong Hi Speed New Energy Group's Interest Coverage

For the Utilities - Renewable subindustry, Shandong Hi Speed New Energy 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.

Shandong Hi Speed New Energy Group's Interest Coverage Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Shandong Hi Speed New Energy Group's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Shandong Hi Speed New Energy Group's Interest Coverage falls into.

Save Embed

;

Save Embed

;

Shandong Hi Speed New Energy 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.

Shandong Hi Speed New Energy Group's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, Shandong Hi Speed New Energy Group's Interest Expense was HK$-1,225 Mil. Its Operating Income was HK$1,716 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$21,095 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2024 )	/	Interest Expense (A: Dec. 2024 )
	=	-1	*	1716.386	/	-1224.892
	=	1.40

Shandong Hi Speed New Energy Group's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the six months ended in Dec. 2024, Shandong Hi Speed New Energy Group's Interest Expense was HK$-510 Mil. Its Operating Income was HK$663 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$21,095 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	663.146	/	-510.093
	=	1.30

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

Shandong Hi Speed New Energy Group (HKSE:01250) 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 .

Shandong Hi Speed New Energy Group Interest Coverage Related Terms

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

Shandong Hi Speed New Energy Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Shandong Hi Speed New Energy Group Ltd (HKSE:01250) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

99 Queen’s Road Central, 38th Floor, The Centre, Central, Hong Kong, HKG

Website

https://www.shneg.com.hk

Shandong Hi Speed New Energy Group Ltd is engaged in the investment, development, construction, operation and management of photovoltaic power businesses; wind power businesses; and clean heat supply service businesses in the People's Republic of China. Its segments include the Construction-related business segment engages in the provision of construction and related services of the clean energy business; and the Operation of Clean Energy Projects segment engages in the investment and development of the photovoltaic power business, the wind power business and provision of clean heat supply services. Majority of the revenue is derived from the Operation of Clean Energy Projects segment.

Executives

Shandong Hi-speed Holdings Group Limited	2101 Beneficial owner
Shan Dong Gao Su Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Citic Securities Company Limited	2201 Interest of corporation controlled by you
Citron Pe Associates Ii, L.p.	2201 Interest of corporation controlled by you
Citron Pe Holdings Limited	2201 Interest of corporation controlled by you
Cpechina Fund Ii, L.p.	2201 Interest of corporation controlled by you
Cpechina Fund Iia, L.p.	2201 Interest of corporation controlled by you
Zhong Xin Chan Ye Tou Zi Ji Jin Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Bei Jing Xin Yu Tou Zi Zhong Xin You Xian He Huo	2201 Interest of corporation controlled by you
Bei Jing You De Tou Zi Guan Li Zhong Xin You Xian He Huo	2201 Interest of corporation controlled by you
Citigroup Inc.	2305 Beneficiary of a trust
Profit Plan Global Investment Limited	2101 Beneficial owner
Beijing Enterprises Group Company Limited	2201 Interest of corporation controlled by you
Beijing Enterprises Holdings Limited	2201 Interest of corporation controlled by you
Beijing Enterprises Water Group Limited	2201 Interest of corporation controlled by you

Shandong Hi Speed New Energy Group Headlines

No Headlines