Renheng Enterprise Holdings (HKSE:03628) Interest Coverage : No Debt ⁽¹⁾ (As of Dec. 2024)

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What is Renheng Enterprise 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. Renheng Enterprise Holdings's Operating Income for the six months ended in Dec. 2024 was HK$1.1 Mil. Renheng Enterprise Holdings's Interest Expense for the six months ended in Dec. 2024 was HK$0.0 Mil. Renheng Enterprise Holdings has no debt. 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. Renheng Enterprise Holdings Ltd has enough cash to cover all of its debt. Its financial situation is stable.

(1) 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.

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

HKSE:03628' s Interest Coverage Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

HKSE:03628's Interest Coverage is ranked better than
99.61% of 2282 companies
in the Industrial Products industry
Industry Median: 15.66 vs HKSE:03628: No Debt

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

Renheng Enterprise Holdings Interest Coverage Historical Data

The historical data trend for Renheng Enterprise 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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Renheng Enterprise Holdings Interest Coverage Chart

Renheng Enterprise Holdings Annual Data

Trend

Dec15

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Dec24

Interest Coverage

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No Debt

Renheng Enterprise Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Interest Coverage	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Renheng Enterprise Holdings's Interest Coverage

For the Specialty Industrial Machinery subindustry, Renheng Enterprise 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.

Renheng Enterprise Holdings's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Renheng Enterprise Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Renheng Enterprise Holdings's Interest Coverage falls into.

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Renheng Enterprise 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.

Renheng Enterprise 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, Renheng Enterprise Holdings's Interest Expense was HK$0.0 Mil. Its Operating Income was HK$10.0 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$0.0 Mil.

Renheng Enterprise Holdings had no debt ⁽¹⁾.

Renheng Enterprise Holdings's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the six months ended in Dec. 2024, Renheng Enterprise Holdings's Interest Expense was HK$0.0 Mil. Its Operating Income was HK$1.1 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$0.0 Mil.

Renheng Enterprise Holdings had no debt ⁽¹⁾.

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

Renheng Enterprise Holdings (HKSE:03628) 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 .

Renheng Enterprise Holdings Interest Coverage Related Terms

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

Renheng Enterprise Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Renheng Enterprise Holdings Ltd (HKSE:03628) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Harcourt Road, Room 3805, 38th Floor, Far East Finance Centre, Admiralty, Hong Kong, HKG

Website

https://www.renhengenterprise.com

Renheng Enterprise Holdings Ltd is an investment holding company that along with its subsidiaries, is engaged in the manufacture and sale of tobacco machinery products in the PRC. The company mainly produces three types of cataloged special-purpose tobacco machinery products, namely casing and flavoring systems, pneumatic feeding systems, and pre-pressing packing machines. It is also engaged in providing maintenance, overhaul, and modification services for tobacco machinery products. The company generates a majority of its revenue from construction contracts for casing and flavouring systems. All of the Group's revenue are derived in the PRC.

Renheng Enterprise Holdings Headlines

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Renheng Enterprise Holdings (HKSE:03628) Interest Coverage : No Debt (1) (As of Dec. 2024)