Zhongmiao Holdings (Qingdao) Co (HKSE:01471) Interest Coverage : 2,394.73 (As of Dec. 2024)

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What is Zhongmiao Holdings (Qingdao) Co 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. Zhongmiao Holdings (Qingdao) Co's Operating Income for the six months ended in Dec. 2024 was HK$26.3 Mil. Zhongmiao Holdings (Qingdao) Co's Interest Expense for the six months ended in Dec. 2024 was HK$-0.0 Mil. Zhongmiao Holdings (Qingdao) Co's interest coverage for the quarter that ended in Dec. 2024 was 2,394.73. 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. Zhongmiao Holdings (Qingdao) Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Zhongmiao Holdings (Qingdao) Co's Interest Coverage or its related term are showing as below:

HKSE:01471' s Interest Coverage Range Over the Past 10 Years
Min: 148.79 Med: 542.4 Max: 1676.5
Current: 1676.5

HKSE:01471's Interest Coverage is ranked better than
88.76% of 338 companies
in the Insurance industry
Industry Median: 14.04 vs HKSE:01471: 1676.50

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

Zhongmiao Holdings (Qingdao) Co Interest Coverage Historical Data

The historical data trend for Zhongmiao Holdings (Qingdao) Co'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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Zhongmiao Holdings (Qingdao) Co Interest Coverage Chart

Zhongmiao Holdings (Qingdao) Co Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Interest Coverage

148.79

248.42

836.37

1,669.90

Zhongmiao Holdings (Qingdao) Co Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24	Dec24
Interest Coverage	Get a 7-Day Free Trial			No Debt	615.37	1,319.88	1,260.68	2,394.73

Competitive Comparison of Zhongmiao Holdings (Qingdao) Co's Interest Coverage

For the Insurance Brokers subindustry, Zhongmiao Holdings (Qingdao) Co'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.

Zhongmiao Holdings (Qingdao) Co's Interest Coverage Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Zhongmiao Holdings (Qingdao) Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Zhongmiao Holdings (Qingdao) Co's Interest Coverage falls into.

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Zhongmiao Holdings (Qingdao) Co 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.

Zhongmiao Holdings (Qingdao) Co'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, Zhongmiao Holdings (Qingdao) Co's Interest Expense was HK$-0.0 Mil. Its Operating Income was HK$50.1 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$0.0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2024 )	/	Interest Expense (A: Dec. 2024 )
	=	-1	*	50.097	/	-0.03
	=	1,669.90

Zhongmiao Holdings (Qingdao) Co's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the six months ended in Dec. 2024, Zhongmiao Holdings (Qingdao) Co's Interest Expense was HK$-0.0 Mil. Its Operating Income was HK$26.3 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$0.0 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	26.342	/	-0.011
	=	2,394.73

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

Zhongmiao Holdings (Qingdao) Co (HKSE:01471) 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 .

Zhongmiao Holdings (Qingdao) Co Interest Coverage Related Terms

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

Zhongmiao Holdings (Qingdao) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Zhongmiao Holdings (Qingdao) Co Ltd (HKSE:01471) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Haier Road, Laoshan District, Shandong, Qingdao, CHN

Website

https://www.haierbx.net

Zhongmiao Holdings (Qingdao) Co Ltd provides insurance agency services, IT services, and consulting services in the PRC. The company focuses on delivering IT services. Its primary revenue source is the Insurance Agency business. The company is committed to distributing various insurance products, including (i) property insurance products, (ii) life and health insurance products, (iii) accident insurance products, and (iv) automobile insurance products, to both corporate and household insurance clients. The Group's business consists of three main segments: (i) insurance agency business; (ii) IT services; and (iii) consulting services. The majority of its revenue comes from the insurance agency business segment.

Executives

Qu Pengcheng

Zhongmiao Holdings (Qingdao) Co Headlines

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