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Altus Holdings (HKSE:08149) Interest Coverage : N/A (As of Sep. 2024)


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What is Altus 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. Altus Holdings's Operating Income for the three months ended in Sep. 2024 was HK$0.00 Mil. Altus Holdings'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.

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

HKSE:08149' s Interest Coverage Range Over the Past 10 Years
Min: 1.95   Med: 4.08   Max: No Debt
Current: 3.94


HKSE:08149's Interest Coverage is ranked worse than
56.47% of 425 companies
in the Conglomerates industry
Industry Median: 4.94 vs HKSE:08149: 3.94

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


Altus Holdings Interest Coverage Historical Data

The historical data trend for Altus 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.

* Premium members only.

Altus Holdings Interest Coverage Chart

Altus Holdings 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 1.95 4.29 4.08 3.66 3.59

Altus Holdings 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 2.43 4.60 3.35 N/A N/A

Competitive Comparison of Altus Holdings's Interest Coverage

For the Conglomerates subindustry, Altus 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.


Altus Holdings's Interest Coverage Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Altus Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Altus Holdings's Interest Coverage falls into.


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Altus 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.

Altus Holdings'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, Altus Holdings's Interest Expense was HK$-5.14 Mil. Its Operating Income was HK$18.43 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$90.52 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2024 )/Interest Expense (A: Mar. 2024 )
=-1*18.434/-5.136
=3.59

Altus Holdings's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the three months ended in Sep. 2024, Altus Holdings'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$100.29 Mil.

GuruFocus does not calculate Altus Holdings'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.


Altus Holdings  (HKSE:08149) 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 .


Altus Holdings Interest Coverage Related Terms

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


Altus Holdings Business Description

Traded in Other Exchanges
N/A
Address
21 Wing Wo Street, Central, Hong Kong, HKG
Altus Holdings Ltd is an investment holding company. It operates in two segments namely Advisory and consulting and Proprietary investments. The company generates maximum revenue from the Proprietary investments segment. The Proprietary investments segment includes leasing of investment properties for residential and commercial use and deriving rental income therefrom as well as holding of a portfolio of securities for dividend income and aims for capital gain.
Executives
Flying Castle Limited 2101 Beneficial owner
Kinley-hecico Holdings Limited 2201 Interest of corporation controlled by you
Landmark Trust Switzerland Sa 2201 Interest of corporation controlled by you
Ho Shuk Yee Samantha 2202 Interest of your spouse
Ip Arnold Tin Chee 2501 Other
Chan Kit Lai Cecilia 2307 Founder of a discretionary trust who can infl
Lam Ip Tin Wai Chyvette 2501 Other

Altus Holdings Headlines

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