Guangdong Syntrust GK Testing and Certification Tech Service Center Co (HKSE:08629) Interest Coverage : 12.28 (As of Dec. 2024)

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What is Guangdong Syntrust GK Testing and Certification Tech Service Center Co 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. Guangdong Syntrust GK Testing and Certification Tech Service Center Co's Operating Income for the six months ended in Dec. 2024 was HK$9.49 Mil. Guangdong Syntrust GK Testing and Certification Tech Service Center Co's Interest Expense for the six months ended in Dec. 2024 was HK$-0.77 Mil. Guangdong Syntrust GK Testing and Certification Tech Service Center Co's interest coverage for the quarter that ended in Dec. 2024 was 12.28. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Guangdong Syntrust GK Testing and Certification Tech Service Center Co's Interest Coverage or its related term are showing as below:

HKSE:08629' s Interest Coverage Range Over the Past 10 Years
Min: 16.65 Med: 53.61 Max: 100.2
Current: 16.68

HKSE:08629's Interest Coverage is ranked better than
65.21% of 1325 companies
in the Construction industry
Industry Median: 7.24 vs HKSE:08629: 16.68

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

Guangdong Syntrust GK Testing and Certification Tech Service Center Co Interest Coverage Historical Data

The historical data trend for Guangdong Syntrust GK Testing and Certification Tech Service Center Co'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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Guangdong Syntrust GK Testing and Certification Tech Service Center Co Interest Coverage Chart

Guangdong Syntrust GK Testing and Certification Tech Service Center Co Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Interest Coverage

100.20

18.18

89.03

16.65

Guangdong Syntrust GK Testing and Certification Tech Service Center Co Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24	Dec24
Interest Coverage	Get a 7-Day Free Trial			N/A	50.33	161.50	23.16	12.28

Competitive Comparison of Guangdong Syntrust GK Testing and Certification Tech Service Center Co's Interest Coverage

For the Engineering & Construction subindustry, Guangdong Syntrust GK Testing and Certification Tech Service Center Co'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.

Guangdong Syntrust GK Testing and Certification Tech Service Center Co's Interest Coverage Distribution in the Construction Industry

For the Construction industry and Industrials sector, Guangdong Syntrust GK Testing and Certification Tech Service Center Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Guangdong Syntrust GK Testing and Certification Tech Service Center Co's Interest Coverage falls into.

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Guangdong Syntrust GK Testing and Certification Tech Service Center Co 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.

Guangdong Syntrust GK Testing and Certification Tech Service Center Co'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, Guangdong Syntrust GK Testing and Certification Tech Service Center Co's Interest Expense was HK$-1.29 Mil. Its Operating Income was HK$21.55 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$40.94 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2024 )	/	Interest Expense (A: Dec. 2024 )
	=	-1	*	21.548	/	-1.294
	=	16.65

Guangdong Syntrust GK Testing and Certification Tech Service Center Co's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the six months ended in Dec. 2024, Guangdong Syntrust GK Testing and Certification Tech Service Center Co's Interest Expense was HK$-0.77 Mil. Its Operating Income was HK$9.49 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$40.94 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	9.489	/	-0.773
	=	12.28

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

Guangdong Syntrust GK Testing and Certification Tech Service Center Co (HKSE:08629) 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 .

Guangdong Syntrust GK Testing and Certification Tech Service Center Co Interest Coverage Related Terms

Thank you for viewing the detailed overview of Guangdong Syntrust GK Testing and Certification Tech Service Center Co's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Guangdong Syntrust GK Testing and Certification Tech Service Center Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Guangdong Syntrust GK Testing and Certification Tech Service Center Co Ltd (HKSE:08629) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Xinyi Avenue South, Dingbao Town, Xinyi City, Guangdong Province, Maoming, CHN

Website

https://www.xyjiance.cn

Guangdong Syntrust GK Testing and Certification Tech Service Center Co Ltd is principally engaged in the provision of construction engineering testing and inspection services, serving customers in Maoming, Guangdong Province of China. It offers construction engineering testing services, including foundation testing services, infrastructure and public roads testing services, construction material testing services, as well as building structure testing services. Additionally, it provides construction engineering inspection services, including slope monitoring and foundation pit monitoring services. The company generates almost all of its revenue from Testing services. Geographically entire revenue is generated from mainland China.

Executives

Chen Menghua	2101 Beneficial owner
Z K	2101 Beneficial owner
Lln Sheng Yu	2101 Beneficial owner
Lu Sili	2101 Beneficial owner
Zhang Yunling	2101 Beneficial owner
Liang Yishuang	2101 Beneficial owner
Lin Jiangjun	2101 Beneficial owner
Yue Hai Zi Chan Guan Li You Xian Gong Si	2101 Beneficial owner

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