CTR Holdings (HKSE:01416) Interest Coverage : 1,400.83 (As of Aug. 2023)

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What is CTR 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. CTR Holdings's Operating Income for the six months ended in Aug. 2023 was HK$16.8 Mil. CTR Holdings's Interest Expense for the six months ended in Aug. 2023 was HK$-0.0 Mil. CTR Holdings's interest coverage for the quarter that ended in Aug. 2023 was 1,400.83. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. CTR Holdings Ltd has enough cash to cover all of its debt. Its financial situation is stable.

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

HKSE:01416' s Interest Coverage Range Over the Past 10 Years
Min: 1106.54 Med: No Debt Max: No Debt
Current: 2135.17

HKSE:01416's Interest Coverage is ranked better than
96.21% of 1265 companies
in the Construction industry
Industry Median: 7.15 vs HKSE:01416: 2135.17

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

CTR Holdings Interest Coverage Historical Data

The historical data trend for CTR 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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CTR Holdings Interest Coverage Chart

CTR Holdings Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Interest Coverage

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No Debt

1,106.54

CTR Holdings Semi-Annual Data
	Feb17	Feb18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Interest Coverage	Get a 7-Day Free Trial							No Debt	-	375.79	2,869.50	1,400.83

Competitive Comparison of CTR Holdings's Interest Coverage

For the Engineering & Construction subindustry, CTR 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.

CTR Holdings's Interest Coverage Distribution in the Construction Industry

For the Construction industry and Industrials sector, CTR Holdings's Interest Coverage distribution charts can be found below:

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

CTR 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.

CTR Holdings's Interest Coverage for the fiscal year that ended in Feb. 2023 is calculated as

Here, for the fiscal year that ended in Feb. 2023, CTR Holdings's Interest Expense was HK$-0.0 Mil. Its Operating Income was HK$45.4 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$0.5 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Feb. 2023 )	/	Interest Expense (A: Feb. 2023 )
	=	-1	*	45.368	/	-0.041
	=	1,106.54

CTR Holdings's Interest Coverage for the quarter that ended in Aug. 2023 is calculated as

Here, for the six months ended in Aug. 2023, CTR Holdings's Interest Expense was HK$-0.0 Mil. Its Operating Income was HK$16.8 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$0.4 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Aug. 2023 )	/	Interest Expense (Q: Aug. 2023 )
	=	-1	*	16.81	/	-0.012
	=	1,400.83

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

CTR Holdings (HKSE:01416) 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 .

CTR Holdings Interest Coverage Related Terms

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

CTR Holdings (HKSE:01416) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » CTR Holdings Ltd (HKSE:01416) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

21 Woodlands Close No. 08-11/12, Primz Bizhub, Singapore, SGP, 737854

Website

https://www.ctrholdings.com

CTR Holdings Ltd is an investment holding company. The company focuses on the provision of structural engineering works and wet architectural works services. The company generates maximum revenue from Structural engineering works. Geographically, the company derives revenue from Singapore. The Structural engineering works services of the company include reinforced concrete works which include steel reinforcement works, formwork erection and concrete works, and Precast installation works while the Wet architectural works services include Masonry building works; Plastering and screeding works; Tiling works and Waterproofing works.

CTR Holdings (HKSE:01416) Headlines

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