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Palm Eco-Town Development Co (SZSE:002431) Interest Coverage : 0 (At Loss) (As of Mar. 2025)


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What is Palm Eco-Town Development 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. Palm Eco-Town Development Co's Operating Income for the three months ended in Mar. 2025 was ¥-9 Mil. Palm Eco-Town Development Co's Interest Expense for the three months ended in Mar. 2025 was ¥-93 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 Palm Eco-Town Development Co's Interest Coverage or its related term are showing as below:


SZSE:002431's Interest Coverage is not ranked *
in the Construction industry.
Industry Median: 7.24
* 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.


Palm Eco-Town Development Co Interest Coverage Historical Data

The historical data trend for Palm Eco-Town Development 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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Palm Eco-Town Development Co Interest Coverage Chart

Palm Eco-Town Development Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.17 - - 0.02 -

Palm Eco-Town Development Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 Palm Eco-Town Development Co's Interest Coverage

For the Engineering & Construction subindustry, Palm Eco-Town Development 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.


Palm Eco-Town Development Co's Interest Coverage Distribution in the Construction Industry

For the Construction industry and Industrials sector, Palm Eco-Town Development Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Palm Eco-Town Development Co's Interest Coverage falls into.


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Palm Eco-Town Development 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.

Palm Eco-Town Development 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, Palm Eco-Town Development Co's Interest Expense was ¥-394 Mil. Its Operating Income was ¥-209 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥722 Mil.

Palm Eco-Town Development Co did not have earnings to cover the interest expense.

Palm Eco-Town Development Co's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the three months ended in Mar. 2025, Palm Eco-Town Development Co's Interest Expense was ¥-93 Mil. Its Operating Income was ¥-9 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥712 Mil.

Palm Eco-Town Development Co 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.


Palm Eco-Town Development Co  (SZSE:002431) 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 .


Palm Eco-Town Development Co Interest Coverage Related Terms

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Palm Eco-Town Development Co Business Description

Traded in Other Exchanges
N/A
Address
No. 638 Huangpu Avenue W, Guangdong Nongxin Builing 18F, Guangzhou, Guangdong, CHN, 510627
Palm Eco-Town Development Co Ltd engages in the design, planning, construction, and operation of eco-towns. It also constructs art gardens; and provides design and landscaping services.
Executives
Feng Yu Lan Executives
Ceng Fen Supervisors
Pan Xin Executives
Liu Bing Director
Zou Chen Supervisors
Huang De Bin Director
Zhang Wen Ying Executives
Wu Gui Chang Director
Lin Yan Director
Lin Cong Xiao Directors, executives
Yang Jing Liang Executives
Lin Man Yang Supervisors
He Yan Ping Executives
Ding Qiu Lian Director
Wu Jian Chang Executives

Palm Eco-Town Development Co Headlines

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