CASIN Real Estate Development Group Co (SZSE:000838) Interest Coverage : 0 (At Loss) (As of Sep. 2024)

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What is CASIN Real Estate Development Group 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. CASIN Real Estate Development Group Co's Operating Income for the three months ended in Sep. 2024 was ¥-17 Mil. CASIN Real Estate Development Group Co's Interest Expense for the three months ended in Sep. 2024 was ¥-2 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. CASIN Real Estate Development Group Co Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

The historical rank and industry rank for CASIN Real Estate Development Group Co's Interest Coverage or its related term are showing as below:

SZSE:000838' s Interest Coverage Range Over the Past 10 Years
Min: 0.1 Med: 15.02 Max: 23.35
Current: 0.1

SZSE:000838's Interest Coverage is ranked worse than
98.86% of 1316 companies
in the Real Estate industry
Industry Median: 3.895 vs SZSE:000838: 0.10

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

CASIN Real Estate Development Group Co Interest Coverage Historical Data

The historical data trend for CASIN Real Estate Development Group 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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CASIN Real Estate Development Group Co Interest Coverage Chart

CASIN Real Estate Development Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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5.40

12.55

3.52

15.17

9.17

CASIN Real Estate Development Group Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Coverage	Get a 7-Day Free Trial															52.66	0.15	-	61.38	-

Competitive Comparison of CASIN Real Estate Development Group Co's Interest Coverage

For the Real Estate - Development subindustry, CASIN Real Estate Development Group 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.

CASIN Real Estate Development Group Co's Interest Coverage Distribution in the Real Estate Industry

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

* The bar in red indicates where CASIN Real Estate Development Group Co's Interest Coverage falls into.

CASIN Real Estate Development Group 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.

CASIN Real Estate Development Group Co's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, CASIN Real Estate Development Group Co's Interest Expense was ¥-29 Mil. Its Operating Income was ¥266 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥95 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	265.807	/	-28.979
	=	9.17

CASIN Real Estate Development Group Co's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the three months ended in Sep. 2024, CASIN Real Estate Development Group Co's Interest Expense was ¥-2 Mil. Its Operating Income was ¥-17 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥95 Mil.

CASIN Real Estate Development Group Co did not have earnings to cover the interest expense.

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

CASIN Real Estate Development Group Co (SZSE:000838) 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 .

CASIN Real Estate Development Group Co Interest Coverage Related Terms

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

CASIN Real Estate Development Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » CASIN Real Estate Development Group Co Ltd (SZSE:000838) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

Building 1, No. 1, Honghuang Road, 24th Floor, Jiangbei District, Chongqing, CHN, 100025

Website

http://www.casindev.com

CASIN Real Estate Development Group Co Ltd is engaged in the development and operation of residential and commercial properties. The company's main business includes real estate development, commercial operation, tourism and healthcare and others. The types of properties developed by the company include urban complex, Shopping mall, office buildings, villas, residential, tourism real estate, five-star hotels, business apartments, and bungalows, special commercial street and other. Geographically the group covers various business areas which include Chongqing, Beijing, Henan, Shandong, Sichuan and other places.

Executives

Luo Yu Xing	Director
An Hua	Executives
Peng Ling Jiang	Director
Tang Chang Ming	Directors, executives
Bai Zhong Xiao	Directors, executives
Zhu Feng Xian	Director
Ban Wei Xian	Executives

CASIN Real Estate Development Group Co Headlines

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