GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Great Harvest Maeta Holdings Ltd (HKSE:03683) » Definitions » Interest Coverage

Great Harvest Maeta Holdings (HKSE:03683) Interest Coverage : 0 (At Loss) (As of Sep. 2024)


View and export this data going back to 2010. Start your Free Trial

What is Great Harvest Maeta 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. Great Harvest Maeta Holdings's Operating Income for the six months ended in Sep. 2024 was HK$-8.3 Mil. Great Harvest Maeta Holdings's Interest Expense for the six months ended in Sep. 2024 was HK$-16.0 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

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


HKSE:03683's Interest Coverage is not ranked *
in the Transportation industry.
Industry Median: 6.13
* Ranked among companies with meaningful Interest Coverage only.

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


Great Harvest Maeta Holdings Interest Coverage Historical Data

The historical data trend for Great Harvest Maeta 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.

Great Harvest Maeta Holdings Interest Coverage Chart

Great Harvest Maeta Holdings Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 3.79 - -

Great Harvest Maeta Holdings Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.73 - - - -

Competitive Comparison of Great Harvest Maeta Holdings's Interest Coverage

For the Marine Shipping subindustry, Great Harvest Maeta 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.


Great Harvest Maeta Holdings's Interest Coverage Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Great Harvest Maeta Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Great Harvest Maeta Holdings's Interest Coverage falls into.


;
;

Great Harvest Maeta 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.

Great Harvest Maeta Holdings's Interest Coverage for the fiscal year that ended in Mar. 2024 is calculated as

Here, for the fiscal year that ended in Mar. 2024, Great Harvest Maeta Holdings's Interest Expense was HK$-39.5 Mil. Its Operating Income was HK$-15.7 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$53.3 Mil.

Great Harvest Maeta Holdings did not have earnings to cover the interest expense.

Great Harvest Maeta Holdings's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the six months ended in Sep. 2024, Great Harvest Maeta Holdings's Interest Expense was HK$-16.0 Mil. Its Operating Income was HK$-8.3 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$12.0 Mil.

Great Harvest Maeta Holdings did not have earnings to cover the interest expense.

* 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.


Great Harvest Maeta Holdings  (HKSE:03683) 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 .


Great Harvest Maeta Holdings Interest Coverage Related Terms

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


Great Harvest Maeta Holdings Business Description

Traded in Other Exchanges
N/A
Address
200 Gloucester Road, 12th Floor, The Sun's Group Centre, Wanchai, Hong Kong, HKG
Great Harvest Maeta Holdings Ltd is engaged in chartering the Group's vessels. It offers marine transportation services to its customers by chartering out its vessels for the transportation of dry bulk cargoes. All of the company's vessels are hired out under time charterers for a contractual period. The company operates in two reportable segments Chartering of vessels and Property investment and development. The majority of revenue is generated by chartering of the vessels segment.
Executives
Ablaze Rich Investments Limited 2101 Beneficial owner
Lam Kwan 2201 Interest of corporation controlled by you
Yan Kim Po 2201 Interest of corporation controlled by you
Sfund International Investment Fund Management Limited 2101 Beneficial owner
Guang Zhou Shi Cheng Shi Jian She Tou Zi Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Guang Zhou Hui Yin Tian Yue Gu Quan Tou Zi Ji Jin Guan Li You Xian Gong Si 2201 Interest of corporation controlled by you
Guang Zhou Chan Ye Tou Zi Ji Jin Guan Li You Xian Gong Si 2201 Interest of corporation controlled by you
Guang Zhou Ke Ji Jin Rong Chuang Xin Tou Zi Kong Gu You Xian Gong Si 2201 Interest of corporation controlled by you
Guang Zhou Hui Yin Fa Zhan Tou Zi He Huo Qi Ye You Xian He Huo 2101 Beneficial owner

Great Harvest Maeta Holdings Headlines

No Headlines