KRP Development Holdings (HKSE:02421) Interest Coverage: 100.35 (As of Sep. 2025) — 57% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HKSE:02421 KRP Development Holdings Ltd HKSE:02421
56 GF Score
Price HK$0.58
GF Value HK$0.32
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is KRP Development Holdings Interest Coverage?

KRP Development Holdings HKSE:02421 -1.69% 56 Interest Coverage is 100.35 as of Sep. 2025, which is 57% below its 10-year median of 230.82. GuruFocus rates HKSE:02421 with a GF Score™ of 56/100 and a GF Value™ of HK$0.32 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,305 Real Estate companies, KRP Development Holdings ranks better than 81.76% on this metric.

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. KRP Development Holdings's Operating Income for the six months ended in Sep. 2025 was HK$17.7 Mil. KRP Development Holdings's Interest Expense for the six months ended in Sep. 2025 was HK$-0.2 Mil. KRP Development Holdings's interest coverage for the quarter that ended in Sep. 2025 was 100.35. The higher the ratio, the stronger the company's financial strength is.

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

HKSE:02421' s Interest Coverage Range Over the Past 10 Years
Min: 28.65   Med: 230.82   Max: 34227
Current: 41.52


HKSE:02421's Interest Coverage is ranked better than
81.76% of 1305 companies
in the Real Estate industry
Industry Median: 4.21 vs HKSE:02421: 41.52

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


KRP Development Holdings  (HKSE:02421) 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 .


KRP Development Holdings Interest Coverage Related Terms


KRP Development Holdings Interest Coverage Historical Data

* Premium members only.

The historical data trend for KRP Development 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.

KRP Development Holdings Interest Coverage Chart

KRP Development Holdings Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Interest Coverage
Get a 7-Day Free Trial 136.11 70.71 325.53 34,227.00 42.08

KRP Development Holdings Semi-Annual Data
Mar20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 213.54 43,010.00 26,571.00 100.35 22.49

KRP Development Holdings Interest Coverage Competitor Comparison

For the Real Estate - Development subindustry, KRP Development 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.


KRP Development Holdings Interest Coverage vs Real Estate Industry

For the Real Estate industry and Real Estate sector, KRP Development Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where KRP Development Holdings's Interest Coverage falls into.


HKSE:02421
56GF Score
KRP Development Holdings Ltd HKSE:02421
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

KRP Development 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.

KRP Development Holdings's Interest Coverage for the fiscal year that ended in Mar. 2025 is calculated as

Here, for the fiscal year that ended in Mar. 2025, KRP Development Holdings's Interest Expense was HK$-0.0 Mil. Its Operating Income was HK$68.5 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$0.0 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2025 )/Interest Expense (A: Mar. 2025 )
=-1*68.454/-0.002
=34,227.00

KRP Development Holdings's Interest Coverage for the quarter that ended in Sep. 2025 is calculated as

Here, for the six months ended in Sep. 2025, KRP Development Holdings's Interest Expense was HK$-0.2 Mil. Its Operating Income was HK$17.7 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$29.1 Mil.

Interest Coverage=-1* Operating Income (Q: Sep. 2025 )/Interest Expense (Q: Sep. 2025 )
=-1*17.661/-0.176
=100.35

* 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.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 100.35 mean?
KRP Development Holdings (HKSE:02421) has a Interest Coverage of 100.35 as of Sep. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on KRP Development Holdings and its competitors. This is 57% below median its historical median of 230.82. Over the past decade, KRP Development Holdings' Interest Coverage has ranged from 28.65 to 34,227.00. According to the industry distribution chart, KRP Development Holdings ranks #238 out of 1305 companies in the Real Estate industry, placing it in the top 18.2%.
Is KRP Development Holdings' Interest Coverage too high?
KRP Development Holdings' current Interest Coverage of 100.35 is 57% below median its 10-year median of 230.82. Over the past 10 years, this metric has ranged from a low of 28.65 to a high of 34,227.00. The Real Estate industry median Interest Coverage is 4.21. KRP Development Holdings' value of 100.35 is 2283.6% above this industry median. Based on the distribution chart, KRP Development Holdings ranks #238 out of 1305 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, KRP Development Holdings has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does KRP Development Holdings' Interest Coverage compare to competitors?
According to the Real Estate industry distribution chart, KRP Development Holdings ranks #238 out of 1305 companies for Interest Coverage. This places KRP Development Holdings in the top 18% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 4.21. KRP Development Holdings' value of 100.35 is 2283.6% above this benchmark. Historically, KRP Development Holdings' own Interest Coverage has ranged from 28.65 to 34,227.00 over the past decade. While the company's 10-year median is 230.82 vs. the industry median of 4.21, KRP Development Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Real Estate company?
The median Interest Coverage among Real Estate companies is 4.21, based on 1,305 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. KRP Development Holdings's current Interest Coverage of 100.35 is 2283.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on KRP Development Holdings and its competitors. For the Real Estate industry, the median Interest Coverage is 4.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KRP Development Holdings's current Interest Coverage is 100.35, which is 57% below median its own 10-year median of 230.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KRP Development Holdings stock overvalued right now?
Based on GuruFocus' analysis, KRP Development Holdings (HKSE:02421) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.32, compared to a current price of HK$0.58 — trading 81.3% above its estimated fair value. The current Interest Coverage is 100.35, which is 57% below median its 10-year median of 230.82 and 2283.6% above the Real Estate industry median of 4.21. KRP Development Holdings' overall GF Score™ is 56/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For KRP Development Holdings (HKSE:02421), the current Interest Coverage is 100.35 as of Sep. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is KRP Development Holdings (HKSE:02421) Overvalued in 2026?

Based on GuruFocus' analysis, KRP Development Holdings stock appears to be overvalued. The current stock price of HK$0.58 is trading 81.3% above its estimated GF Value™ of HK$0.32. GuruFocus considers KRP Development Holdings to be Significantly Overvalued.

Key valuation signals for HKSE:02421:

  • Interest Coverage: 100.35 (57% below median its 10-year median of 230.82)
  • GF Value™: HK$0.32 vs. price of HK$0.58 (81.3% above fair value)
  • GF Score™: 56/100 with 6 warning signs
  • Industry Position: 2283.6% above the Real Estate median (#238 of 1305)

No single metric tells the full story. See the HKSE:02421 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


KRP Development Holdings Business Description

Address 611-619 Castle Peak Road, Block C, 9th Floor, Southeast Industrial Building, Tsuen Wan, New Territories, Hong Kong, HKG
KRP Development Holdings Ltd is a boutique residential property developer. The firm is principally engaged in the development and sales of residential properties in Dongguan, Huizhou, and Foshan. It has developed two product series for homebuyers, namely, the Villas series, targeting middle-income and move-up homebuyers, and Mansion, targeting first-time homebuyers and retirees.
56GF Score

Get the complete analysis for HKSE:02421

Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$0.58
Price
HK$0.32
GF Value