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MIE Holdings (HKSE:01555) Interest Coverage : 0.38 (As of Dec. 2024)


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What is MIE 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. MIE Holdings's Operating Income for the six months ended in Dec. 2024 was HK$74.1 Mil. MIE Holdings's Interest Expense for the six months ended in Dec. 2024 was HK$-194.4 Mil. MIE Holdings's interest coverage for the quarter that ended in Dec. 2024 was 0.38. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. MIE Holdings Corps earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

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

HKSE:01555' s Interest Coverage Range Over the Past 10 Years
Min: 0.02   Med: 0.47   Max: 1.15
Current: 0.47


HKSE:01555's Interest Coverage is ranked worse than
97.63% of 718 companies
in the Oil & Gas industry
Industry Median: 5.88 vs HKSE:01555: 0.47

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


MIE Holdings Interest Coverage Historical Data

The historical data trend for MIE 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.

* Premium members only.

MIE Holdings Interest Coverage Chart

MIE Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.46 1.15 0.85 0.47

MIE Holdings 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 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 1.40 0.91 0.79 0.56 0.38

Competitive Comparison of MIE Holdings's Interest Coverage

For the Oil & Gas E&P subindustry, MIE 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.


MIE Holdings's Interest Coverage Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, MIE Holdings's Interest Coverage distribution charts can be found below:

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


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MIE 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.

MIE Holdings'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, MIE Holdings's Interest Expense was HK$-421.5 Mil. Its Operating Income was HK$196.9 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$2,977.5 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2024 )/Interest Expense (A: Dec. 2024 )
=-1*196.901/-421.501
=0.47

MIE Holdings's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the six months ended in Dec. 2024, MIE Holdings's Interest Expense was HK$-194.4 Mil. Its Operating Income was HK$74.1 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$2,977.5 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2024 )/Interest Expense (Q: Dec. 2024 )
=-1*74.084/-194.426
=0.38

* 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.


MIE Holdings  (HKSE:01555) 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 .


MIE Holdings Interest Coverage Related Terms

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


MIE Holdings Business Description

Traded in Other Exchanges
N/A
Address
30 Harbour Road, Room 1901-1907, 19nd Floor, Sun Hung Kai, Wan Chai, Hong Kong, HKG
MIE Holdings Corp is an investment holding company. It is principally engaged in the exploration, development, production, and sale of crude oil and other petroleum products under Daan Oilfield production sharing contracts located in northeast China. The company has only one segment, which is principally engaged in the exploration, development, production, and sale of oil under PSCs in the PRC. The majority of the company's revenue comes from China.
Executives
Central Huijin Investment Ltd. 2201 Interest of corporation controlled by you
Sit Hon Wing 2201 Interest of corporation controlled by you
Ohc Opportunity Investment Limited 2201 Interest of corporation controlled by you
Soochow Securities (international) Financial Holdings Limited 2201 Interest of corporation controlled by you
Billion Capital Shine Inc. 2201 Interest of corporation controlled by you
China Orient Asset Management (international) Holding Limited 2201 Interest of corporation controlled by you
China Orient Asset Management Co., Ltd. 2201 Interest of corporation controlled by you
Dong Yin Development (holdings) Limited 2201 Interest of corporation controlled by you
Wise Leader Assets Ltd. 2201 Interest of corporation controlled by you
Excel Link Capital Inc. 2201 Interest of corporation controlled by you
Orient Energy Opportunity Investment Limited Partnership Fund 2106 Person having a security interest in shares
Zhao Jiangwei 2101 Beneficial owner
Zhao Jiangbo 2401 A concert party to an agreement to buy shares
Zhang Ruilin 2401 A concert party to an agreement to buy shares
Far East Energy Limited 2401 A concert party to an agreement to buy shares

MIE Holdings Headlines

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