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Man King Holdings (HKSE:02193) Interest Coverage : 0 (At Loss) (As of Sep. 2023)


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What is Man King 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. Man King Holdings's Operating Income for the six months ended in Sep. 2023 was HK$-8.3 Mil. Man King Holdings's Interest Expense for the six months ended in Sep. 2023 was HK$-0.2 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 Man King Holdings's Interest Coverage or its related term are showing as below:


HKSE:02193's Interest Coverage is not ranked *
in the Construction industry.
Industry Median: 7.15
* 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.


Man King Holdings Interest Coverage Historical Data

The historical data trend for Man King 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.

Man King Holdings Interest Coverage Chart

Man King Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 23.51 111.34 86.28

Man King Holdings Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 405.18 27.63 158.91 26.19 -

Competitive Comparison of Man King Holdings's Interest Coverage

For the Engineering & Construction subindustry, Man King 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.


Man King Holdings's Interest Coverage Distribution in the Construction Industry

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

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



Man King 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.

Man King Holdings's Interest Coverage for the fiscal year that ended in Mar. 2023 is calculated as

Here, for the fiscal year that ended in Mar. 2023, Man King Holdings's Interest Expense was HK$-0.4 Mil. Its Operating Income was HK$35.6 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$9.6 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2023 )/Interest Expense (A: Mar. 2023 )
=-1*35.635/-0.413
=86.28

Man King Holdings's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the six months ended in Sep. 2023, Man King Holdings's Interest Expense was HK$-0.2 Mil. Its Operating Income was HK$-8.3 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$7.7 Mil.

Man King Holdings did not have earnings to cover the interest expense.

* 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.


Man King Holdings  (HKSE:02193) 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 .


Man King Holdings Interest Coverage Related Terms

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


Man King Holdings (HKSE:02193) Business Description

Traded in Other Exchanges
N/A
Address
18 Tong Mi Road, Skyline Tower, Unit D, 10th Floor, Mongkok, Kowloon, Hong Kong, HKG
Man King Holdings Ltd is an investment holding company principally engaged in the provision of civil engineering services. It derives prime revenue from civil engineering works. The engineering works undertaken are mainly related to roads and drainage; site formation and port works. The group has a business presence in Hong Kong and Mainland China, of which a majority of revenue is derived from Hong Kong.

Man King Holdings (HKSE:02193) Headlines

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