Maike Tube Industry Holdings (HKSE:01553) Interest Coverage : 23.77 (As of Dec. 2023)

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What is Maike Tube Industry 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. Maike Tube Industry Holdings's Operating Income for the six months ended in Dec. 2023 was HK$106 Mil. Maike Tube Industry Holdings's Interest Expense for the six months ended in Dec. 2023 was HK$-4 Mil. Maike Tube Industry Holdings's interest coverage for the quarter that ended in Dec. 2023 was 23.77. The higher the ratio, the stronger the company's financial strength is.

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

HKSE:01553' s Interest Coverage Range Over the Past 10 Years
Min: 7.69 Med: 24.25 Max: 29.74
Current: 27.77

HKSE:01553's Interest Coverage is ranked better than
78.92% of 465 companies
in the Steel industry
Industry Median: 5.62 vs HKSE:01553: 27.77

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

Maike Tube Industry Holdings Interest Coverage Historical Data

The historical data trend for Maike Tube Industry 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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Maike Tube Industry Holdings Interest Coverage Chart

Maike Tube Industry Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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8.96

23.27

26.77

29.74

27.77

Maike Tube Industry Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial								25.59	22.33	45.47	34.02	23.77

Competitive Comparison of Maike Tube Industry Holdings's Interest Coverage

For the Steel subindustry, Maike Tube Industry 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.

Maike Tube Industry Holdings's Interest Coverage Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Maike Tube Industry Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Maike Tube Industry Holdings's Interest Coverage falls into.

Maike Tube Industry 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.

Maike Tube Industry Holdings'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, Maike Tube Industry Holdings's Interest Expense was HK$-7 Mil. Its Operating Income was HK$203 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$3 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	203.222	/	-7.317
	=	27.77

Maike Tube Industry Holdings's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Maike Tube Industry Holdings's Interest Expense was HK$-4 Mil. Its Operating Income was HK$106 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$3 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	105.971	/	-4.458
	=	23.77

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

Maike Tube Industry Holdings (HKSE:01553) 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 .

Maike Tube Industry Holdings Interest Coverage Related Terms

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

Maike Tube Industry Holdings (HKSE:01553) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Maike Tube Industry Holdings Ltd (HKSE:01553) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 4 Meide Street, Meigui Zone of Industrial Park, Pingyin County, Shandong Province, Jinan, CHN, 250400

Website

http://www.mechpipingtech.com

Maike Tube Industry Holdings Ltd is an investment holding company. The company, through its subsidiaries, is engaged in the manufacturing of steel pipe products and prefabricated pipe nipple products. Its steel pipe products are made through rolling steel plates and welding the seam and are mainly used for gas, water supply, HVAC, and fire extinguishing. The group offers ERW steel pipes, Standard prefabricated pipe nipples, Spiral Submerged Arc Welded steel pipes, Customised steel pipes, and Design and supply assembled piping systems. It has a business presence in the PRC, the US, Europe, and Other countries of which a majority of revenue is generated from the PRC.

Executives

Zhang Jing Ru	2202 Interest of your spouse
Zhao Pu	2101 Beneficial owner
Kong Linglei	2201 Interest of corporation controlled by you
Ying Stone Holdings Limited	2101 Beneficial owner
Tong Chuang Sheng De Limited	2101 Beneficial owner
Tong Chuang Xing De Limited	2101 Beneficial owner
Shang Hai Heng Yuan Guo Ji Tou Zi You Xian Gong Si	2101 Beneficial owner

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