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Sino Harbour Holdings Group (HKSE:01663) Interest Coverage : 12.03 (As of Sep. 2024)


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What is Sino Harbour Holdings Group 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. Sino Harbour Holdings Group's Operating Income for the six months ended in Sep. 2024 was HK$120 Mil. Sino Harbour Holdings Group's Interest Expense for the six months ended in Sep. 2024 was HK$-10 Mil. Sino Harbour Holdings Group's interest coverage for the quarter that ended in Sep. 2024 was 12.03. The higher the ratio, the stronger the company's financial strength is.

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

HKSE:01663' s Interest Coverage Range Over the Past 10 Years
Min: 2.16   Med: 15.91   Max: 86.95
Current: 11.02


HKSE:01663's Interest Coverage is ranked better than
71.54% of 1314 companies
in the Real Estate industry
Industry Median: 3.965 vs HKSE:01663: 11.02

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


Sino Harbour Holdings Group Interest Coverage Historical Data

The historical data trend for Sino Harbour Holdings Group'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.

Sino Harbour Holdings Group Interest Coverage Chart

Sino Harbour Holdings Group 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 23.09 24.83 86.95 9.41 15.91

Sino Harbour Holdings Group 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 5.49 - 55.91 10.09 12.03

Competitive Comparison of Sino Harbour Holdings Group's Interest Coverage

For the Real Estate Services subindustry, Sino Harbour Holdings Group'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.


Sino Harbour Holdings Group's Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Sino Harbour Holdings Group's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Sino Harbour Holdings Group's Interest Coverage falls into.


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Sino Harbour Holdings Group 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.

Sino Harbour Holdings Group'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, Sino Harbour Holdings Group's Interest Expense was HK$-12 Mil. Its Operating Income was HK$198 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$590 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2024 )/Interest Expense (A: Mar. 2024 )
=-1*198.082/-12.45
=15.91

Sino Harbour Holdings Group's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the six months ended in Sep. 2024, Sino Harbour Holdings Group's Interest Expense was HK$-10 Mil. Its Operating Income was HK$120 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$578 Mil.

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*120.245/-9.992
=12.03

* 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.


Sino Harbour Holdings Group  (HKSE:01663) 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 .


Sino Harbour Holdings Group Interest Coverage Related Terms

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Sino Harbour Holdings Group Business Description

Traded in Other Exchanges
N/A
Address
Levels 25 and 26, No. 1568 Honggu Avenue, Nanchang Honggu Kaixuan, Sino Harbour Kaixuan Center, Honggu Tan Central District, Jiangxi Province, Nanchang, CHN
Sino Harbour Holdings Group Ltd is an investment holding company. The company is principally engaged in property development in the second and third tier cities in China. Geographically, it derives revenue from PRC. The company derives revenue from the delivery of residential properties, commercial properties, and car parking spaces. The company's business segment includes namely; property development, which is engaged in the sale and leasing of self-constructed properties, and Others, which includes investment and operation in CMC process and medical service sector.
Executives
Chan Heung Ling 2202 Interest of your spouse
Wong Lam Ping 2101 Beneficial owner
Extra Good Enterprises Limited 2101 Beneficial owner

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