China Wan Tong Yuan (Holdings) (HKSE:06966) Interest Coverage : 408.24 (As of Dec. 2023)

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What is China Wan Tong Yuan (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. China Wan Tong Yuan (Holdings)'s Operating Income for the six months ended in Dec. 2023 was HK$8.57 Mil. China Wan Tong Yuan (Holdings)'s Interest Expense for the six months ended in Dec. 2023 was HK$-0.02 Mil. China Wan Tong Yuan (Holdings)'s interest coverage for the quarter that ended in Dec. 2023 was 408.24. 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. China Wan Tong Yuan (Holdings) Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for China Wan Tong Yuan (Holdings)'s Interest Coverage or its related term are showing as below:

HKSE:06966' s Interest Coverage Range Over the Past 10 Years
Min: 4.02 Med: 747.91 Max: No Debt
Current: 549.37

HKSE:06966's Interest Coverage is ranked better than
91.03% of 78 companies
in the Personal Services industry
Industry Median: 10.74 vs HKSE:06966: 549.37

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

China Wan Tong Yuan (Holdings) Interest Coverage Historical Data

The historical data trend for China Wan Tong Yuan (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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China Wan Tong Yuan (Holdings) Interest Coverage Chart

China Wan Tong Yuan (Holdings) Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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No Debt

226.20

747.91

762.52

549.37

China Wan Tong Yuan (Holdings) Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial											-	431.55	3,339.67	655.21	408.24

Competitive Comparison of China Wan Tong Yuan (Holdings)'s Interest Coverage

For the Personal Services subindustry, China Wan Tong Yuan (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.

China Wan Tong Yuan (Holdings)'s Interest Coverage Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, China Wan Tong Yuan (Holdings)'s Interest Coverage distribution charts can be found below:

* The bar in red indicates where China Wan Tong Yuan (Holdings)'s Interest Coverage falls into.

China Wan Tong Yuan (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.

China Wan Tong Yuan (Holdings)'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, China Wan Tong Yuan (Holdings)'s Interest Expense was HK$-0.05 Mil. Its Operating Income was HK$26.92 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$0.00 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	26.919	/	-0.049
	=	549.37

China Wan Tong Yuan (Holdings)'s Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, China Wan Tong Yuan (Holdings)'s Interest Expense was HK$-0.02 Mil. Its Operating Income was HK$8.57 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$0.00 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	8.573	/	-0.021
	=	408.24

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

China Wan Tong Yuan (Holdings) (HKSE:06966) 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 .

China Wan Tong Yuan (Holdings) Interest Coverage Related Terms

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China Wan Tong Yuan (Holdings) (HKSE:06966) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » China Wan Tong Yuan (Holdings) Ltd (HKSE:06966) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 48, Louzhuang Road, Langfang Development Area, Hebei, Langfang, CHN

Website

http://www.chinawty.com

China Wan Tong Yuan (Holdings) Ltd is a burial services provider in Langfang, Hebei Province, China. It offers cemetery services under the brand Wan Tong Yuan and burial services, including traditional and artistic burial services. The group's businesses involve the Sales of burial plots; Sales of columbarium units; Provision of other burial-related services; and Provision of cemetery maintenance services. It derives key revenue from the sales of burial plots. The group operates in the PRC.

Executives

Tai Shing International Investment Company Limited	2101 Beneficial owner
Lily Charm Holding Limited	2201 Interest of corporation controlled by you
Tmf (cayman) Ltd.	2301 Trustee
Zhao Ying	2307 Founder of a discretionary trust who can infl
Fairich Trading Limited	2101 Beneficial owner
Xing Junying	2101 Beneficial owner
Zhao Ying

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