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Kwong Man Kee Group (HKSE:08023) Interest Coverage : N/A (As of Sep. 2024)


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What is Kwong Man Kee 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. Kwong Man Kee Group's Operating Income for the three months ended in Sep. 2024 was HK$0.00 Mil. Kwong Man Kee Group's Interest Expense for the three months ended in Sep. 2024 was HK$0.00 Mil. GuruFocus does not calculate 's interest coverage with the available data. 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. Kwong Man Kee Group Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Kwong Man Kee Group's Interest Coverage or its related term are showing as below:

HKSE:08023' s Interest Coverage Range Over the Past 10 Years
Min: 23.99   Med: 43.79   Max: No Debt
Current: 100.65


HKSE:08023's Interest Coverage is ranked better than
85.54% of 1328 companies
in the Construction industry
Industry Median: 7.31 vs HKSE:08023: 100.65

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


Kwong Man Kee Group Interest Coverage Historical Data

The historical data trend for Kwong Man Kee 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.

* Premium members only.

Kwong Man Kee Group Interest Coverage Chart

Kwong Man Kee Group 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 23.99 63.33 41.00 49.69 43.79

Kwong Man Kee Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 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 15.27 No Debt 37.38 N/A N/A

Competitive Comparison of Kwong Man Kee Group's Interest Coverage

For the Engineering & Construction subindustry, Kwong Man Kee 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.


Kwong Man Kee Group's Interest Coverage Distribution in the Construction Industry

For the Construction industry and Industrials sector, Kwong Man Kee Group's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Kwong Man Kee Group's Interest Coverage falls into.


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Kwong Man Kee 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.

Kwong Man Kee Group'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, Kwong Man Kee Group's Interest Expense was HK$-0.46 Mil. Its Operating Income was HK$20.23 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$1.41 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2024 )/Interest Expense (A: Mar. 2024 )
=-1*20.233/-0.462
=43.79

Kwong Man Kee Group's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the three months ended in Sep. 2024, Kwong Man Kee Group's Interest Expense was HK$0.00 Mil. Its Operating Income was HK$0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$1.06 Mil.

GuruFocus does not calculate Kwong Man Kee Group's interest coverage with the available data.

* 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.


Kwong Man Kee Group  (HKSE:08023) 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 .


Kwong Man Kee Group Interest Coverage Related Terms

Thank you for viewing the detailed overview of Kwong Man Kee Group's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Kwong Man Kee Group Business Description

Traded in Other Exchanges
N/A
Address
91-93 Bedford Road, 21st Floor, The Bedford, Kowloon, Hong Kong, HKG
Kwong Man Kee Group Ltd provides engineering services to the car park flooring industry. Its services include flooring services, including the application of proprietary floor coating products for providing a colorful, slip-resistance, and a hard-wearing surface that is resistant against water and petrochemicals; and ancillary services which include specialised texture painting and waterproofing works; and sales of flooring and waterproofing materials. The company's reportable segment are Flooring, which generates maximum revenue, Ancillary services, and Sales of materials.
Executives
Sage City Investments Limited 2101 Beneficial owner
Kwong Chi Man 2201 Interest of corporation controlled by you

Kwong Man Kee Group Headlines

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