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Chaoju Eye Care Holdings (HKSE:02219) Interest Coverage : 18.06 (As of Dec. 2024)


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What is Chaoju Eye Care 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. Chaoju Eye Care Holdings's Operating Income for the six months ended in Dec. 2024 was HK$97 Mil. Chaoju Eye Care Holdings's Interest Expense for the six months ended in Dec. 2024 was HK$-5 Mil. Chaoju Eye Care Holdings's interest coverage for the quarter that ended in Dec. 2024 was 18.06. The higher the ratio, the stronger the company's financial strength is.

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

HKSE:02219' s Interest Coverage Range Over the Past 10 Years
Min: 3.3   Med: 18.13   Max: 24.82
Current: 24.19


HKSE:02219's Interest Coverage is ranked better than
70.33% of 428 companies
in the Healthcare Providers & Services industry
Industry Median: 8.09 vs HKSE:02219: 24.19

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


Chaoju Eye Care Holdings Interest Coverage Historical Data

The historical data trend for Chaoju Eye Care 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.

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Chaoju Eye Care Holdings Interest Coverage Chart

Chaoju Eye Care Holdings Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Interest Coverage
Get a 7-Day Free Trial 14.48 21.48 18.13 24.82 24.17

Chaoju Eye Care Holdings Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.40 28.25 21.81 29.65 18.06

Competitive Comparison of Chaoju Eye Care Holdings's Interest Coverage

For the Medical Care Facilities subindustry, Chaoju Eye Care 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.


Chaoju Eye Care Holdings's Interest Coverage Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Chaoju Eye Care Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Chaoju Eye Care Holdings's Interest Coverage falls into.


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Chaoju Eye Care 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.

Chaoju Eye Care Holdings's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, Chaoju Eye Care Holdings's Interest Expense was HK$-11 Mil. Its Operating Income was HK$275 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$189 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2024 )/Interest Expense (A: Dec. 2024 )
=-1*274.934/-11.375
=24.17

Chaoju Eye Care Holdings's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the six months ended in Dec. 2024, Chaoju Eye Care Holdings's Interest Expense was HK$-5 Mil. Its Operating Income was HK$97 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$189 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2024 )/Interest Expense (Q: Dec. 2024 )
=-1*97.102/-5.377
=18.06

* 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.


Chaoju Eye Care Holdings  (HKSE:02219) 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 .


Chaoju Eye Care Holdings Interest Coverage Related Terms

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Chaoju Eye Care Holdings Business Description

Traded in Other Exchanges
N/A
Address
No. 14 Yard, West 3rd Ring South Road, Block A, Shouke Building, 24th Floor, East Zone, Fengtai District, Beijing, CHN
Chaoju Eye Care Holdings Ltd is a ophthalmic medical service group in North China engaged in engaged in the provision of in-patient services, out-patient services and sales of optical products. The company generate revenue from consumer ophthalmic services and basic ophthalmic services. The consumer ophthalmic services include treatments and prevention of various types of ophthalmic disorders, including refractive correction, myopia control and provision of optical products and services. The basic ophthalmic services include treatments of a wide range of common eye diseases, including cataract, glaucoma, squint, ocular fundus diseases, ocular surface diseases, orbital diseases and pediatric eye diseases.
Executives
Zhang Junfeng 2103 Interests held jointly with another person
Zhang Xiaoli 2103 Interests held jointly with another person
Zhang Bozhou 2103 Interests held jointly with another person
Areo Holdings Limited 2201 Interest of corporation controlled by you
Li Gabriel 2201 Interest of corporation controlled by you
Lam Lai Ming 2201 Interest of corporation controlled by you
Orchid Asia Vii, L.p. 2201 Interest of corporation controlled by you
Orchid Asia Vii Gp, Limited 2201 Interest of corporation controlled by you
Orchid Asia V Group, Limited 2201 Interest of corporation controlled by you
Orchid Asia V Group Management, Limited 2201 Interest of corporation controlled by you
Oavii Holdings, L.p. 2201 Interest of corporation controlled by you
Orchid Asia Vii Global Investment Limited 2101 Beneficial owner
Wang Stephen Hui 2201 Interest of corporation controlled by you
Xia Men Chao Xi Qi Ye Guan Li Zi Xun He Huo Qi Ye You Xian He Huo 2101 Beneficial owner
Zhang Wenwen 2201 Interest of corporation controlled by you

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