Zhejiang United Investment Holdings Group (HKSE:08366) Interest Coverage : 0 (At Loss) (As of Oct. 2023)

View and export this data going back to 2015. Start your Free Trial

What is Zhejiang United Investment Holdings 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. Zhejiang United Investment Holdings Group's Operating Income for the three months ended in Oct. 2023 was HK$-0.2 Mil. Zhejiang United Investment Holdings Group's Interest Expense for the three months ended in Oct. 2023 was HK$-0.3 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 Zhejiang United Investment Holdings Group's Interest Coverage or its related term are showing as below:

HKSE:08366's Interest Coverage is not ranked ^*
in the Construction industry.
Industry Median: 7.03
* 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.

Zhejiang United Investment Holdings Group Interest Coverage Historical Data

The historical data trend for Zhejiang United Investment Holdings 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.

Zhejiang United Investment Holdings Group Interest Coverage Chart

Zhejiang United Investment Holdings Group Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Interest Coverage

Get a 7-Day Free Trial

Zhejiang United Investment Holdings Group Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Interest Coverage	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Zhejiang United Investment Holdings Group's Interest Coverage

For the Engineering & Construction subindustry, Zhejiang United Investment Holdings 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.

Zhejiang United Investment Holdings Group's Interest Coverage Distribution in the Construction Industry

For the Construction industry and Industrials sector, Zhejiang United Investment Holdings Group's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Zhejiang United Investment Holdings Group's Interest Coverage falls into.

Zhejiang United Investment Holdings 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.

Zhejiang United Investment Holdings Group's Interest Coverage for the fiscal year that ended in Apr. 2023 is calculated as

Here, for the fiscal year that ended in Apr. 2023, Zhejiang United Investment Holdings Group's Interest Expense was HK$-0.7 Mil. Its Operating Income was HK$-3.9 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$0.0 Mil.

Zhejiang United Investment Holdings Group did not have earnings to cover the interest expense.

Zhejiang United Investment Holdings Group's Interest Coverage for the quarter that ended in Oct. 2023 is calculated as

Here, for the three months ended in Oct. 2023, Zhejiang United Investment Holdings Group's Interest Expense was HK$-0.3 Mil. Its Operating Income was HK$-0.2 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$0.0 Mil.

Zhejiang United Investment Holdings Group did not have earnings to cover the interest expense.

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

Zhejiang United Investment Holdings Group (HKSE:08366) 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 .

Zhejiang United Investment Holdings Group Interest Coverage Related Terms

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

Zhejiang United Investment Holdings Group (HKSE:08366) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Zhejiang United Investment Holdings Group Ltd (HKSE:08366) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

489-491 Castle Peak Road, Unit A6-D, 12th Floor, Block A, Hong Kong Industrial Centre, Lai Chi Kok, Kowloon, Hong Kong, HKG

Website

http://www.zjuv8366.com

Zhejiang United Investment Holdings Group Ltd is a Hong Kong-based investment holding company principally engaged in the building contractor business. The company is principally engaged in undertaking slope works, foundation works and other general building works. Geographically, it operates and derives revenue from Hong Kong. The company's slope works generally refer to landslip preventive and remedial works for improving the stability of slopes and retaining walls. Its foundation works include the construction of foundations. The company's general building works comprise of the general construction of buildings.

Executives

Zhang Yan	2101 Beneficial owner
Albert Yeung Capital Holdings Limited	2201 Interest of corporation controlled by you
Cdm Trust & Board Services Ag	2301 Trustee
Emperor Capital Group Limited	2201 Interest of corporation controlled by you
Emperor Securities Limited	2101 Beneficial owner
Luk Siu Man, Semon	2202 Interest of your spouse
Yeung Sau Shing, Albert	2307 Founder of a discretionary trust who can infl
Zhang Yan	2101 Beneficial owner
United Financial Holdings Group Limited	2101 Beneficial owner
Zhou Ying	2201 Interest of corporation controlled by you
Century Investment Holdings Limited	2201 Interest of corporation controlled by you

Zhejiang United Investment Holdings Group (HKSE:08366) Headlines

No Headlines