CM Hi-Tech Cleanroom (HKSE:02115) Interest Coverage : 45.20 (As of Dec. 2023)

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What is CM Hi-Tech Cleanroom 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. CM Hi-Tech Cleanroom's Operating Income for the six months ended in Dec. 2023 was HK$32.0 Mil. CM Hi-Tech Cleanroom's Interest Expense for the six months ended in Dec. 2023 was HK$-0.7 Mil. CM Hi-Tech Cleanroom's interest coverage for the quarter that ended in Dec. 2023 was 45.20. 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. CM Hi-Tech Cleanroom Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for CM Hi-Tech Cleanroom's Interest Coverage or its related term are showing as below:

HKSE:02115' s Interest Coverage Range Over the Past 10 Years
Min: 18.01 Med: 56.68 Max: 173.94
Current: 56.68

HKSE:02115's Interest Coverage is ranked better than
80.1% of 1256 companies
in the Construction industry
Industry Median: 7.035 vs HKSE:02115: 56.68

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

CM Hi-Tech Cleanroom Interest Coverage Historical Data

The historical data trend for CM Hi-Tech Cleanroom'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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CM Hi-Tech Cleanroom Interest Coverage Chart

CM Hi-Tech Cleanroom Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

45.72

18.01

60.15

32.56

56.68

CM Hi-Tech Cleanroom Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial						74.91	40.96	25.64	71.19	45.20

Competitive Comparison of CM Hi-Tech Cleanroom's Interest Coverage

For the Building Products & Equipment subindustry, CM Hi-Tech Cleanroom'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.

CM Hi-Tech Cleanroom's Interest Coverage Distribution in the Construction Industry

For the Construction industry and Industrials sector, CM Hi-Tech Cleanroom's Interest Coverage distribution charts can be found below:

* The bar in red indicates where CM Hi-Tech Cleanroom's Interest Coverage falls into.

CM Hi-Tech Cleanroom 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.

CM Hi-Tech Cleanroom'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, CM Hi-Tech Cleanroom's Interest Expense was HK$-1.3 Mil. Its Operating Income was HK$71.8 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$3.7 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	71.756	/	-1.266
	=	56.68

CM Hi-Tech Cleanroom's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, CM Hi-Tech Cleanroom's Interest Expense was HK$-0.7 Mil. Its Operating Income was HK$32.0 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$3.7 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	31.959	/	-0.707
	=	45.20

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

CM Hi-Tech Cleanroom (HKSE:02115) 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 .

CM Hi-Tech Cleanroom Interest Coverage Related Terms

Thank you for viewing the detailed overview of CM Hi-Tech Cleanroom's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

CM Hi-Tech Cleanroom (HKSE:02115) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » CM Hi-Tech Cleanroom Ltd (HKSE:02115) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot P.T. 14274, Jalan SU8, Persiaran Tengku Ampuan, Shah Alam, SGR, MYS, 40400

Website

https://www.channelmicron.com

CM Hi-Tech Cleanroom Ltd Formerly Channel Micron Holdings Co Ltd is a cleanroom wall and ceiling systems and cleanroom equipment provider. The company provides a range of cleanroom products and services, including the development, production and installation of cleanroom wall and ceiling systems, and cleanroom equipment such as fan filter units (which filter and regulate airflow in a cleanroom), air showers, pass boxes and HEPA filters. Its segments include Cleanroom wall and ceiling systems, which is the key revenue-generating segment; Cleanroom equipment; and others. It has a business presence in the PRC, Malaysia, the Philippines, Singapore and others. A majority of revenue is derived from the PRC.

Executives

Ng Yew Sum	2101 Beneficial owner
Bockmiller Douglas Frederick	2101 Beneficial owner
Chia Francis Mong Tet	2101 Beneficial owner
Dbs Trustee Limited	2301 Trustee
Bockmiller Lauren Lindquist	2307 Founder of a discretionary trust who can infl
Yap Fui Lee	2202 Interest of your spouse
Chia Mong Tet, Francis	2101 Beneficial owner
Yau Ah Lan	2202 Interest of your spouse

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