China New City Group (HKSE:01321) Interest Coverage : 30.54 (As of Jun. 2024)

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What is China New City 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 New City Group's Operating Income for the six months ended in Jun. 2024 was HK$1,556 Mil. China New City Group's Interest Expense for the six months ended in Jun. 2024 was HK$-51 Mil. China New City Group's interest coverage for the quarter that ended in Jun. 2024 was 30.54. The higher the ratio, the stronger the company's financial strength is.

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

HKSE:01321' s Interest Coverage Range Over the Past 10 Years
Min: 0.05 Med: 0.73 Max: 56.86
Current: 15.21

HKSE:01321's Interest Coverage is ranked better than
73.78% of 1331 companies
in the Real Estate industry
Industry Median: 3.98 vs HKSE:01321: 15.21

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 New City Group Interest Coverage Historical Data

The historical data trend for China New City 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.

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China New City Group Interest Coverage Chart

China New City Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Coverage

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0.26

15.16

China New City 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															-	1.25	-	30.54	4.89

Competitive Comparison of China New City Group's Interest Coverage

For the Real Estate - Development subindustry, China New City 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 New City Group's Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China New City Group's Interest Coverage distribution charts can be found below:

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

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China New City 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 New City 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 New City Group's Interest Expense was HK$-112 Mil. Its Operating Income was HK$29 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$2,872 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	28.856	/	-111.539
	=	0.26

China New City Group's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Here, for the six months ended in Jun. 2024, China New City Group's Interest Expense was HK$-51 Mil. Its Operating Income was HK$1,556 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$2,943 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	1555.71	/	-50.939
	=	30.54

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

China New City Group (HKSE:01321) 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 New City Group Interest Coverage Related Terms

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

China New City Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China New City Group Ltd (HKSE:01321) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

Long Zhang Road, 5th Floor, Building 6, Xinhang Business Center, Xihu District, Zhejiang Province, Hangzhou, CHN

Website

http://www.chinanewcity.com.cn

China New City Group Ltd is an investment holding company. The Group is principally engaged in commercial property development, commercial operation and hotel management. The company's operating segments are The commercial property development segment which develops and sells commercial properties in Mainland China; The property rental segment which leases investment properties in Mainland China; The hotel operations segment which owns and operates a hotel; and Other segment comprising the company's property management services business, which provides management and security services to commercial properties. The commercial property development segment contributes to the majority of the revenue. The company earns the majority of its revenue from Mainland China.

Executives

Whole Good Management Limited
Ideal World Investments Limited
Zhong An Group Limited
Shi Zhongan	2201 Interest of corporation controlled by you
Shi Kancheng

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