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Sino Land Co (STU:SNO) Interest Coverage : 59.81 (As of Dec. 2023)


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What is Sino Land 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. Sino Land Co's Operating Income for the six months ended in Dec. 2023 was €157 Mil. Sino Land Co's Interest Expense for the six months ended in Dec. 2023 was €-3 Mil. Sino Land Co's interest coverage for the quarter that ended in Dec. 2023 was 59.81. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Sino Land Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Sino Land Co's Interest Coverage or its related term are showing as below:

STU:SNO' s Interest Coverage Range Over the Past 10 Years
Min: 16.19   Med: 55.98   Max: 313.34
Current: 50.25


STU:SNO's Interest Coverage is ranked better than
82.49% of 1336 companies
in the Real Estate industry
Industry Median: 4.05 vs STU:SNO: 50.25

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


Sino Land Co Interest Coverage Historical Data

The historical data trend for Sino Land 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.

* Premium members only.

Sino Land Co Interest Coverage Chart

Sino Land Co Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 55.77 75.82 313.35 264.27 56.18

Sino Land Co Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 428.72 143.38 71.92 45.55 59.81

Competitive Comparison of Sino Land Co's Interest Coverage

For the Real Estate - Development subindustry, Sino Land 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.


Sino Land Co's Interest Coverage Distribution in the Real Estate Industry

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

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



Sino Land 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.

Sino Land Co'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, Sino Land Co's Interest Expense was €-9 Mil. Its Operating Income was €502 Mil. And its Long-Term Debt & Capital Lease Obligation was €288 Mil.

Interest Coverage=-1* Operating Income (A: Jun. 2023 )/Interest Expense (A: Jun. 2023 )
=-1*502.072/-8.937
=56.18

Sino Land Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Sino Land Co's Interest Expense was €-3 Mil. Its Operating Income was €157 Mil. And its Long-Term Debt & Capital Lease Obligation was €306 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*156.529/-2.617
=59.81

* 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.


Sino Land Co  (STU:SNO) 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 .


Sino Land Co Interest Coverage Related Terms

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


Sino Land Co (STU:SNO) Business Description

Traded in Other Exchanges
Address
Salisbury Road, 12th Floor, Tsim Sha Tsui Centre, Tsim Sha Tsui, Kowloon, Hong Kong, HKG
Sino Land Co Ltd is a property developer mainly engaged in residential development in Hong Kong. It also holds a portfolio of investment properties in the city, mostly commercial properties adjoining the housing projects it built in the past. Many of its residential projects were developed in joint ventures with government-related entities such as MTR and Urban Renewal Authority. Rental income and property development account for the majority of the earnings, mainly derived from Hong Kong. Hotel and other segments account for the remaining of the earnings. The company is 55% owned by Tsim Sha Tsui Properties, an entity controlled by the estate of the late Mr. Ng Teng Fong, the company's founder.

Sino Land Co (STU:SNO) Headlines

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