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Dexin Services Group (HKSE:02215) Interest Coverage : 54.02 (As of Dec. 2023)


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What is Dexin Services 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. Dexin Services Group's Operating Income for the six months ended in Dec. 2023 was HK$18 Mil. Dexin Services Group's Interest Expense for the six months ended in Dec. 2023 was HK$-0 Mil. Dexin Services Group's interest coverage for the quarter that ended in Dec. 2023 was 54.02. 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. Dexin Services Group Ltd has enough cash to cover all of its debt. Its financial situation is stable.

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

HKSE:02215' s Interest Coverage Range Over the Past 10 Years
Min: 16.89   Med: 62.44   Max: 256.17
Current: 64.14


HKSE:02215's Interest Coverage is ranked better than
83.79% of 1339 companies
in the Real Estate industry
Industry Median: 4.05 vs HKSE:02215: 64.14

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


Dexin Services Group Interest Coverage Historical Data

The historical data trend for Dexin Services 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.

Dexin Services Group Interest Coverage Chart

Dexin Services Group Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial 21.40 60.73 256.17 70.62 64.14

Dexin Services Group Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only 119.02 117.77 39.77 66.76 54.02

Competitive Comparison of Dexin Services Group's Interest Coverage

For the Real Estate Services subindustry, Dexin Services 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.


Dexin Services Group's Interest Coverage Distribution in the Real Estate Industry

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

* The bar in red indicates where Dexin Services Group's Interest Coverage falls into.



Dexin Services 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.

Dexin Services Group'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, Dexin Services Group's Interest Expense was HK$-2 Mil. Its Operating Income was HK$106 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$11 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*105.773/-1.649
=64.14

Dexin Services Group's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Dexin Services Group's Interest Expense was HK$-0 Mil. Its Operating Income was HK$18 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$11 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*18.312/-0.339
=54.02

* 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.


Dexin Services Group  (HKSE:02215) 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 .


Dexin Services Group Interest Coverage Related Terms

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


Dexin Services Group (HKSE:02215) Business Description

Traded in Other Exchanges
N/A
Address
No. 2008-2010, Jinchang Road, Liangzhu Street, Room 488, Building 2, Zhejiang Province, Hangzhou, CHN
Dexin Services Group Ltd is a property management service provider in Zhejiang province. It provides a wide range of services for both residential and non-residential properties through three business lines, namely, property management services, value-added services to non-property owners, and community value-added services.

Dexin Services Group (HKSE:02215) Headlines

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