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Hatten Land (SGX:PH0) Interest Coverage : 0 (At Loss) (As of Mar. 2024)


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What is Hatten Land 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. Hatten Land's Operating Income for the three months ended in Mar. 2024 was S$-3.52 Mil. Hatten Land's Interest Expense for the three months ended in Mar. 2024 was S$-3.31 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 Hatten Land's Interest Coverage or its related term are showing as below:


SGX:PH0's Interest Coverage is not ranked *
in the Real Estate industry.
Industry Median: 4.01
* 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.


Hatten Land Interest Coverage Historical Data

The historical data trend for Hatten Land'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.

Hatten Land Interest Coverage Chart

Hatten Land Annual Data
Trend Dec12 Mar15 Mar16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.43 - - - 0.41

Hatten Land Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 - - - - -

Competitive Comparison of Hatten Land's Interest Coverage

For the Real Estate - Development subindustry, Hatten Land'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.


Hatten Land's Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Hatten Land's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Hatten Land's Interest Coverage falls into.



Hatten Land 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.

Hatten Land's Interest Coverage for the fiscal year that ended in Jun. 2023 is calculated as

Here, for the fiscal year that ended in Jun. 2023, Hatten Land's Interest Expense was S$-14.48 Mil. Its Operating Income was S$5.98 Mil. And its Long-Term Debt & Capital Lease Obligation was S$7.02 Mil.

Interest Coverage=-1* Operating Income (A: Jun. 2023 )/Interest Expense (A: Jun. 2023 )
=-1*5.982/-14.482
=0.41

Hatten Land's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Hatten Land's Interest Expense was S$-3.31 Mil. Its Operating Income was S$-3.52 Mil. And its Long-Term Debt & Capital Lease Obligation was S$2.69 Mil.

Hatten Land 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.


Hatten Land  (SGX:PH0) 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 .


Hatten Land Interest Coverage Related Terms

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


Hatten Land (SGX:PH0) Business Description

Traded in Other Exchanges
N/A
Address
Jalan Melaka Raya 23, L4-155 and 156, ElementX Mall at Hatten City, Taman Melaka, Melaka, MYS
Hatten Land Ltd is a property developer in Malaysia specializing in integrated residential, hotel and commercial developments. Along with its subsidiaries, the company is also involved in the business of the provision of space, power capacity, connectivity, setup and installation, utilities and technical support for external customers engaged in crypto mining activities. Hatten Land's development portfolio comprises integrated mixed-use development projects and retail malls in Melaka, Malaysia. The company's entire operations constitute a single segment which is in the business of property development in Malaysia.

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