Hygeia Healthcare Holdings Co (HKSE:06078) Interest Coverage : 17.91 (As of Dec. 2023)

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What is Hygeia Healthcare Holdings Co 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. Hygeia Healthcare Holdings Co's Operating Income for the six months ended in Dec. 2023 was HK$513 Mil. Hygeia Healthcare Holdings Co's Interest Expense for the six months ended in Dec. 2023 was HK$-29 Mil. Hygeia Healthcare Holdings Co's interest coverage for the quarter that ended in Dec. 2023 was 17.91. The higher the ratio, the stronger the company's financial strength is.

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

HKSE:06078' s Interest Coverage Range Over the Past 10 Years
Min: 0.56 Med: 6.68 Max: 22.7
Current: 20.25

HKSE:06078's Interest Coverage is ranked better than
64.39% of 410 companies
in the Healthcare Providers & Services industry
Industry Median: 8.7 vs HKSE:06078: 20.25

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

Hygeia Healthcare Holdings Co Interest Coverage Historical Data

The historical data trend for Hygeia Healthcare Holdings Co'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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Hygeia Healthcare Holdings Co Interest Coverage Chart

Hygeia Healthcare Holdings Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

1.92

6.68

22.70

20.84

20.25

Hygeia Healthcare Holdings Co Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial							15.79	22.82	19.24	23.86	17.91

Competitive Comparison of Hygeia Healthcare Holdings Co's Interest Coverage

For the Medical Care Facilities subindustry, Hygeia Healthcare Holdings Co'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.

Hygeia Healthcare Holdings Co's Interest Coverage Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Hygeia Healthcare Holdings Co's Interest Coverage falls into.

Hygeia Healthcare Holdings Co 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.

Hygeia Healthcare Holdings Co's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Hygeia Healthcare Holdings Co's Interest Expense was HK$-47 Mil. Its Operating Income was HK$956 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$2,539 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	956.155	/	-47.218
	=	20.25

Hygeia Healthcare Holdings Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Hygeia Healthcare Holdings Co's Interest Expense was HK$-29 Mil. Its Operating Income was HK$513 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$2,539 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	512.519	/	-28.623
	=	17.91

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

Hygeia Healthcare Holdings Co (HKSE:06078) 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 .

Hygeia Healthcare Holdings Co Interest Coverage Related Terms

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

Hygeia Healthcare Holdings Co (HKSE:06078) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Hygeia Healthcare Holdings Co Ltd (HKSE:06078) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

HYHHF:USA

Address

No. 228 Meiyuan Road, Enterprise Square, Suites 702-707, Jing’an District, Shanghai, CHN

Website

http://www.hygeia-group.com.cn

Hygeia Healthcare Holdings Co Ltd is an oncology healthcare group in China. The company operates in three segments, namely Hospital Business, Radiotherapy Business, and Other Business. The company generates revenues by operating private for-profit hospitals it owns and provides a wide range of oncology healthcare services and other healthcare services; provision of radiotherapy center consulting services, licensing of its proprietary SRT equipment, and provision of maintenance and technical support services with its proprietary SRT equipment; and managing and operating, and receiving management fees from, private not-for-profit hospitals in which it holds organizer's interest. All of its revenues come from China.

Executives

Zhu Yiwen	2201 Interest of corporation controlled by you
Ren Ai	2202 Interest of your spouse
Zhu Jianqiao	2401 A concert party to an agreement to buy shares
Yi Fang Da Ji Jin Guan Li You Xian Gong Si	2102 Investment manager
Ren Ai	2501 Other
Amber Tree Holdings Limited	2501 Other
Century River Holdings Limited	2501 Other
Century River Investment Holdings Limited	2501 Other
Red Palm Holdings Limited	2501 Other
Red Palm Investment Holdings Limited	2501 Other
Morgan Stanley & Co. International Plc	2101 Beneficial owner
Morgan Stanley International Holdings Inc.	2201 Interest of corporation controlled by you
Morgan Stanley International Limited	2201 Interest of corporation controlled by you
Morgan Stanley Investments (uk)	2201 Interest of corporation controlled by you

Hygeia Healthcare Holdings Co (HKSE:06078) Headlines

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