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Ganglong China Property Group (HKSE:06968) Interest Coverage : 0 (At Loss) (As of Dec. 2024)


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What is Ganglong China Property Group 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. Ganglong China Property Group's Operating Income for the six months ended in Dec. 2024 was HK$-690 Mil. Ganglong China Property Group's Interest Expense for the six months ended in Dec. 2024 was HK$-53 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 Ganglong China Property Group's Interest Coverage or its related term are showing as below:


HKSE:06968's Interest Coverage is not ranked *
in the Real Estate industry.
Industry Median: 3.97
* 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.


Ganglong China Property Group Interest Coverage Historical Data

The historical data trend for Ganglong China Property Group'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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Ganglong China Property Group Interest Coverage Chart

Ganglong China Property Group Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Interest Coverage
Get a 7-Day Free Trial 5.58 4.54 7.23 18.77 -

Ganglong China Property Group Semi-Annual Data
Dec17 Dec18 Jun19 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 Premium Member Only Premium Member Only 5.81 11.53 75.39 3.02 -

Competitive Comparison of Ganglong China Property Group's Interest Coverage

For the Real Estate - Development subindustry, Ganglong China Property Group'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.


Ganglong China Property Group's Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Ganglong China Property Group's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Ganglong China Property Group's Interest Coverage falls into.


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Ganglong China Property Group 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.

Ganglong China Property Group'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, Ganglong China Property Group's Interest Expense was HK$-100 Mil. Its Operating Income was HK$-550 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$1,783 Mil.

Ganglong China Property Group did not have earnings to cover the interest expense.

Ganglong China Property Group's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the six months ended in Dec. 2024, Ganglong China Property Group's Interest Expense was HK$-53 Mil. Its Operating Income was HK$-690 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$1,783 Mil.

Ganglong China Property Group 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.


Ganglong China Property Group  (HKSE:06968) 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 .


Ganglong China Property Group Interest Coverage Related Terms

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Ganglong China Property Group Business Description

Traded in Other Exchanges
Address
2177 Shenkun Road, No. 11 Building, Hongqiao International Exhibition Center, PortMix South District, Minhang District, Shanghai, CHN
Ganglong China Property Group Ltd is an investment holding company. Along with its subsidiaries, it is engaged in the development of real estate projects in the People's Republic of China.
Executives
Huaxing Development Co., Ltd.
Hualian Development Co., Ltd.
Hualong Development Co., Ltd.
Chan Mei Kam
Lui Ming
Lui Wing Nam
Wong Sau Suet
Lui Chi Chung Jimmy
Lui Wing Mau
Wong Kwai Fa
Lui Jin Ling

Ganglong China Property Group Headlines

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