China Travel International Investment Hong Kong (China Travel International Investment Hong Kong) Interest Coverage : 18.18 (As of Dec. 2023)

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What is China Travel International Investment Hong Kong 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. China Travel International Investment Hong Kong's Operating Income for the six months ended in Dec. 2023 was $29.6 Mil. China Travel International Investment Hong Kong's Interest Expense for the six months ended in Dec. 2023 was $-1.6 Mil. China Travel International Investment Hong Kong's interest coverage for the quarter that ended in Dec. 2023 was 18.18. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for China Travel International Investment Hong Kong's Interest Coverage or its related term are showing as below:

CTVIF' s Interest Coverage Range Over the Past 10 Years
Min: 20.23 Med: 30.82 Max: 95.11
Current: 36.18

CTVIF's Interest Coverage is ranked better than
77.02% of 605 companies
in the Travel & Leisure industry
Industry Median: 5.13 vs CTVIF: 36.18

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

China Travel International Investment Hong Kong Interest Coverage Historical Data

The historical data trend for China Travel International Investment Hong Kong'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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China Travel International Investment Hong Kong Interest Coverage Chart

China Travel International Investment Hong Kong Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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N/A

36.19

China Travel International Investment Hong Kong 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															N/A	N/A	N/A	N/A	18.18

Competitive Comparison of China Travel International Investment Hong Kong's Interest Coverage

For the Leisure subindustry, China Travel International Investment Hong Kong'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.

China Travel International Investment Hong Kong's Interest Coverage Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, China Travel International Investment Hong Kong's Interest Coverage distribution charts can be found below:

* The bar in red indicates where China Travel International Investment Hong Kong's Interest Coverage falls into.

China Travel International Investment Hong Kong 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.

China Travel International Investment Hong Kong'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, China Travel International Investment Hong Kong's Interest Expense was $-1.6 Mil. Its Operating Income was $59.0 Mil. And its Long-Term Debt & Capital Lease Obligation was $172.9 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	58.952	/	-1.629
	=	36.19

China Travel International Investment Hong Kong's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, China Travel International Investment Hong Kong's Interest Expense was $-1.6 Mil. Its Operating Income was $29.6 Mil. And its Long-Term Debt & Capital Lease Obligation was $172.9 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	29.62	/	-1.629
	=	18.18

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

China Travel International Investment Hong Kong (OTCPK:CTVIF) 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 .

China Travel International Investment Hong Kong Interest Coverage Related Terms

Thank you for viewing the detailed overview of China Travel International Investment Hong Kong's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

China Travel International Investment Hong Kong (China Travel International Investment Hong Kong) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » China Travel International Investment Hong Kong Ltd (OTCPK:CTVIF) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

00308:Hong Kong CTI:Germany

Address

78-83 Connaught Road Central, 12th Floor, CTS House, Hong Kong, HKG

Website

http://www.hkcts.com

China Travel International Investment Hong Kong Ltd is a holding company focused on leisure investments. The company has four primary divisions: travel agency and related operations, tourist attractions, hotels, and passenger transportation services. It derives revenue from its travel agency, tourist attraction, and hotel operations. Travel agency and related operations include the company's travel agency and travel document businesses. Tourist attraction operations, which comprise the largest portion of company revenue, include theme parks, resorts, and scenic destinations. Hotel operations include hotel accommodation, food, and beverage services. The company generates the vast majority of revenue in Hong Kong and mainland China.

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