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Royal Century Resources Holdings (HKSE:08125) Interest Coverage : 0 (At Loss) (As of Sep. 2023)


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What is Royal Century Resources 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. Royal Century Resources Holdings's Operating Income for the three months ended in Sep. 2023 was HK$-4.71 Mil. Royal Century Resources Holdings's Interest Expense for the three months ended in Sep. 2023 was HK$-0.20 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 Royal Century Resources Holdings's Interest Coverage or its related term are showing as below:


HKSE:08125's Interest Coverage is not ranked *
in the Furnishings, Fixtures & Appliances industry.
Industry Median: 8.89
* 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.


Royal Century Resources Holdings Interest Coverage Historical Data

The historical data trend for Royal Century Resources 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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Royal Century Resources Holdings Interest Coverage Chart

Royal Century Resources Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Interest Coverage
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Royal Century Resources Holdings Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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Competitive Comparison of Royal Century Resources Holdings's Interest Coverage

For the Furnishings, Fixtures & Appliances subindustry, Royal Century Resources 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.


Royal Century Resources Holdings's Interest Coverage Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Royal Century Resources Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Royal Century Resources Holdings's Interest Coverage falls into.



Royal Century Resources 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.

Royal Century Resources Holdings's Interest Coverage for the fiscal year that ended in Mar. 2023 is calculated as

Here, for the fiscal year that ended in Mar. 2023, Royal Century Resources Holdings's Interest Expense was HK$-0.80 Mil. Its Operating Income was HK$-26.62 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$7.63 Mil.

Royal Century Resources Holdings did not have earnings to cover the interest expense.

Royal Century Resources Holdings's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, Royal Century Resources Holdings's Interest Expense was HK$-0.20 Mil. Its Operating Income was HK$-4.71 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$5.96 Mil.

Royal Century Resources 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.


Royal Century Resources Holdings  (HKSE:08125) 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 .


Royal Century Resources Holdings Interest Coverage Related Terms

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


Royal Century Resources Holdings (HKSE:08125) Business Description

Traded in Other Exchanges
N/A
Address
26 Harbour Road, Suite 2201, 22nd Floor, China Resources Building, Wanchai, Hong Kong, HKG
Royal Century Resources Holdings Ltd is a Hong Kong-based investment holding company. The company is principally engaged in the provision of fitting out and engineering services, design and procurement of furnishings and related products services, leasing of construction equipment, sourcing and merchandising of fine and rare wines, and provision of financial services. The company earns the majority of its revenue from design, fitting out, and engineering services. The group's operations are located in Hong Kong, and the PRC, of which the main revenue is generated from Hong Kong.
Executives
Zhao Chuanrong 2101 Beneficial owner
Max Premier Limited 2101 Beneficial owner
Hong Kong Chaoshang Group Limited 2101 Beneficial owner

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