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Huasheng International Holding (HKSE:01323) Interest Coverage : 0 (At Loss) (As of Sep. 2024)


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What is Huasheng International Holding 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. Huasheng International Holding's Operating Income for the six months ended in Sep. 2024 was HK$-0.5 Mil. Huasheng International Holding's Interest Expense for the six months ended in Sep. 2024 was HK$-12.5 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 Huasheng International Holding's Interest Coverage or its related term are showing as below:

HKSE:01323' s Interest Coverage Range Over the Past 10 Years
Min: 0.39   Med: 2.03   Max: 2.69
Current: 0.5


HKSE:01323's Interest Coverage is ranked worse than
95.7% of 302 companies
in the Building Materials industry
Industry Median: 6.265 vs HKSE:01323: 0.50

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


Huasheng International Holding Interest Coverage Historical Data

The historical data trend for Huasheng International Holding'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.

Huasheng International Holding Interest Coverage Chart

Huasheng International Holding Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 2.03 1.76 2.69 2.67

Huasheng International Holding Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
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 2.57 2.80 4.20 1.22 -

Competitive Comparison of Huasheng International Holding's Interest Coverage

For the Building Materials subindustry, Huasheng International Holding'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.


Huasheng International Holding's Interest Coverage Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Huasheng International Holding's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Huasheng International Holding's Interest Coverage falls into.


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Huasheng International Holding 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.

Huasheng International Holding'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, Huasheng International Holding's Interest Expense was HK$-18.4 Mil. Its Operating Income was HK$49.2 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$210.3 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2024 )/Interest Expense (A: Mar. 2024 )
=-1*49.178/-18.401
=2.67

Huasheng International Holding's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the six months ended in Sep. 2024, Huasheng International Holding's Interest Expense was HK$-12.5 Mil. Its Operating Income was HK$-0.5 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$212.6 Mil.

Huasheng International Holding 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.


Huasheng International Holding  (HKSE:01323) 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 .


Huasheng International Holding Interest Coverage Related Terms

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


Huasheng International Holding Business Description

Traded in Other Exchanges
N/A
Address
No. 121 Des Voeux Road Central, Suites 2301-03, 23rd Floor, Far East Consortium Building, Hong Kong, HKG
Huasheng International Holding Ltd is an investment holding company. Along with its subsidiaries, the company has the following operating segments, Concrete Business; and Money Lending Business. It generates maximum revenue from the Concrete Business segment which is engaged in the production and sales of ready-mixed commercial concrete. Geographically, it derives a majority of its revenue from Mainland China and the rest from Hong Kong.
Executives
Capital Wealth Global Limited 2101 Beneficial owner
Chang Chia-hsiang 2201 Interest of corporation controlled by you
Lam Kwok Hung Raymond 2101 Beneficial owner
Tang Hon Kwong
Tsang Ngai Chun
Huatai Securities Co., Ltd. 2201 Interest of corporation controlled by you
China Development Financial Holding Corporation 2201 Interest of corporation controlled by you
Kgi Asia Limited 2106 Person having a security interest in shares
Kgi Securities Co. Ltd. 2201 Interest of corporation controlled by you
Wong Wai Sing 2201 Interest of corporation controlled by you
Shuang Xing Huan Qiu You Xian Gong Si 2101 Beneficial owner
Zhou Feng Tang

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