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New Hope Service Holdings (HKSE:03658) Interest Coverage : 64.48 (As of Dec. 2024)


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What is New Hope Service 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. New Hope Service Holdings's Operating Income for the six months ended in Dec. 2024 was HK$156 Mil. New Hope Service Holdings's Interest Expense for the six months ended in Dec. 2024 was HK$-2 Mil. New Hope Service Holdings's interest coverage for the quarter that ended in Dec. 2024 was 64.48. 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. New Hope Service Holdings Ltd has enough cash to cover all of its debt. Its financial situation is stable.

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

HKSE:03658' s Interest Coverage Range Over the Past 10 Years
Min: 1.54   Med: 59.86   Max: 82.99
Current: 81.57


HKSE:03658's Interest Coverage is ranked better than
86.07% of 1314 companies
in the Real Estate industry
Industry Median: 3.965 vs HKSE:03658: 81.57

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


New Hope Service Holdings Interest Coverage Historical Data

The historical data trend for New Hope Service 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.

New Hope Service Holdings Interest Coverage Chart

New Hope Service Holdings Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Interest Coverage
Get a 7-Day Free Trial 2.83 59.86 76.47 82.99 81.49

New Hope Service 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 78.76 79.72 86.69 109.11 64.48

Competitive Comparison of New Hope Service Holdings's Interest Coverage

For the Real Estate Services subindustry, New Hope Service 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.


New Hope Service Holdings's Interest Coverage Distribution in the Real Estate Industry

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

* The bar in red indicates where New Hope Service Holdings's Interest Coverage falls into.


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New Hope Service 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.

New Hope Service 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, New Hope Service Holdings's Interest Expense was HK$-4 Mil. Its Operating Income was HK$318 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$36 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2024 )/Interest Expense (A: Dec. 2024 )
=-1*318.151/-3.904
=81.49

New Hope Service Holdings's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the six months ended in Dec. 2024, New Hope Service Holdings's Interest Expense was HK$-2 Mil. Its Operating Income was HK$156 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$36 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2024 )/Interest Expense (Q: Dec. 2024 )
=-1*155.838/-2.417
=64.48

* 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.


New Hope Service Holdings  (HKSE:03658) 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 .


New Hope Service Holdings Interest Coverage Related Terms

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


New Hope Service Holdings Business Description

Traded in Other Exchanges
N/A
Address
No. 366 Jinshi Road, 21th Floor, Building 2, New Hope Zhongding International, Jinjiang District, Sichuan, Chengdu, CHN
New Hope Service Holdings Ltd is a China company. It has engaged in the provision of property management services, lifestyle, commercial operational services and value-added services to non-property owners in the PRC. It generated key revenue from Property management services that includes property management services to residential properties, commercial properties and other types of non-residential properties.
Executives
Chen Jing 2201 Interest of corporation controlled by you
Li Wei 2202 Interest of your spouse
Huang Kun 2201 Interest of corporation controlled by you
Jiang Mengjun 2201 Interest of corporation controlled by you
New Range Development Limited 2201 Interest of corporation controlled by you
New Voyage Development Limited 2101 Beneficial owner
Tmf Trust (hk) Limited 2301 Trustee
Wu Min 2201 Interest of corporation controlled by you
Zhang Minggui 2201 Interest of corporation controlled by you
Liu Chang 2307 Founder of a discretionary trust who can infl
Liu Yonghao 2201 Interest of corporation controlled by you
Medea Investments Limited 2201 Interest of corporation controlled by you
New Prosperity Development Limited 2201 Interest of corporation controlled by you
Sea Glory Developments Limited 2201 Interest of corporation controlled by you
Vistra Trust (singapore) Pte. Limited 2301 Trustee

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