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Shing Chi Holdings (HKSE:01741) Interest Coverage : 0 (At Loss) (As of Sep. 2024)


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What is Shing Chi 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. Shing Chi Holdings's Operating Income for the six months ended in Sep. 2024 was HK$-5.5 Mil. Shing Chi Holdings's Interest Expense for the six months ended in Sep. 2024 was HK$0.7 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

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


HKSE:01741's Interest Coverage is not ranked *
in the Construction industry.
Industry Median: 7.22
* Ranked among companies with meaningful Interest Coverage only.

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


Shing Chi Holdings Interest Coverage Historical Data

The historical data trend for Shing Chi 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.

Shing Chi Holdings Interest Coverage Chart

Shing Chi Holdings Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.87 - - - -

Shing Chi Holdings Semi-Annual Data
Sep15 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25
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 - 3.35 - - -

Competitive Comparison of Shing Chi Holdings's Interest Coverage

For the Engineering & Construction subindustry, Shing Chi 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.


Shing Chi Holdings's Interest Coverage Distribution in the Construction Industry

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

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


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Shing Chi 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.

Shing Chi Holdings's Interest Coverage for the fiscal year that ended in Sep. 2024 is calculated as

Here, for the fiscal year that ended in Sep. 2024, Shing Chi Holdings's Interest Expense was HK$-0.2 Mil. Its Operating Income was HK$-23.4 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$1.0 Mil.

Shing Chi Holdings did not have earnings to cover the interest expense.

Shing Chi Holdings's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the six months ended in Sep. 2024, Shing Chi Holdings's Interest Expense was HK$0.7 Mil. Its Operating Income was HK$-5.5 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$1.0 Mil.

* 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.


Shing Chi Holdings  (HKSE:01741) 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 .


Shing Chi Holdings Interest Coverage Related Terms

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


Shing Chi Holdings Business Description

Traded in Other Exchanges
N/A
Address
Nos. 317-319 Des Voeux Road Central, 6th Floor, Kai Tak Commercial Building, Sheung Wan, Hong Kong, HKG
Shing Chi Holdings Ltd is an investment holding company. The company's operating segments include foundation and site formation works; general building works and associated services; other construction works; and construction-related consultancy services. It generates maximum revenue from the Foundation and site formation work segment which includes piling works, excavation and lateral support works (ELS), pile cap construction, and ground investigation works. Geographically it derives the majority of its revenue from Hong Kong.
Executives
Sun Wei 2201 Interest of corporation controlled by you
Leaf Cove Limited 2101 Beneficial owner
Sun Yaru 2101 Beneficial owner
Elite Bright Developments Limited 2101 Beneficial owner
Kwong Shun Man Jessie 2202 Interest of your spouse
Lau Chi Keung 2201 Interest of corporation controlled by you
Lau Chi Wang 2201 Interest of corporation controlled by you
Ng Kooi Har 2202 Interest of your spouse
Ng Lai Mui Theresa 2202 Interest of your spouse
Liu Zhiming 2201 Interest of corporation controlled by you

Shing Chi Holdings Headlines

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