Kingland Group Holdings (HKSE:01751) Interest Coverage : 0 (At Loss) (As of Dec. 2023)

View and export this data going back to 2016. Start your Free Trial

What is Kingland Group Holdings 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. Kingland Group Holdings's Operating Income for the six months ended in Dec. 2023 was HK$-5.1 Mil. Kingland Group Holdings's Interest Expense for the six months ended in Dec. 2023 was HK$-0.5 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 Kingland Group Holdings's Interest Coverage or its related term are showing as below:

HKSE:01751' s Interest Coverage Range Over the Past 10 Years
Min: 0.94 Med: 37.05 Max: No Debt
Current: 0.94

HKSE:01751's Interest Coverage is ranked worse than
91.7% of 1253 companies
in the Construction industry
Industry Median: 7.04 vs HKSE:01751: 0.94

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

Kingland Group Holdings Interest Coverage Historical Data

The historical data trend for Kingland Group Holdings'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.

Kingland Group Holdings Interest Coverage Chart

Kingland Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

0.94

Kingland Group Holdings Semi-Annual Data
	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														-	-	-	10.33	-

Competitive Comparison of Kingland Group Holdings's Interest Coverage

For the Engineering & Construction subindustry, Kingland Group Holdings'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.

Kingland Group Holdings's Interest Coverage Distribution in the Construction Industry

For the Construction industry and Industrials sector, Kingland Group Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Kingland Group Holdings's Interest Coverage falls into.

Kingland Group Holdings 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.

Kingland Group Holdings'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, Kingland Group Holdings's Interest Expense was HK$-1.1 Mil. Its Operating Income was HK$1.1 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$3.8 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	1.05	/	-1.112
	=	0.94

Kingland Group Holdings's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Kingland Group Holdings's Interest Expense was HK$-0.5 Mil. Its Operating Income was HK$-5.1 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$3.8 Mil.

Kingland Group Holdings did not have earnings to cover the interest expense.

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

Kingland Group Holdings (HKSE:01751) 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 .

Kingland Group Holdings Interest Coverage Related Terms

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

Kingland Group Holdings (HKSE:01751) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Kingland Group Holdings Ltd (HKSE:01751) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

209 and 211 Wai Yip Street, Flat B, Ground Floor, Fu Hop Factory Building, Kwun Tong, Hong Kong, HKG

Website

https://www.kinglandgroup.com.hk

Kingland Group Holdings Ltd is the provision of concrete demolition service in Hong Kong and Macau mainly as a subcontractor. Its services are mainly required in the removal of pieces or sections of concrete from concrete structures and the demolition of the entire concrete structures or buildings by applying a variety of methods, such as core drilling, sawing and crushing. Its services are required in many different situations including, among others, addition and alteration works and redevelopment projects in buildings, roads, tunnels and underground facilities. Its customers are main contractors in various types of construction and civil engineering projects in Hong Kong and construction projects in Macau.

Executives

Kwok Shun Tim
Applewood Developments Limited	2101 Beneficial owner
Sino Continent Holdings Limited	2101 Beneficial owner
Supreme Voyage Limited	2101 Beneficial owner
Yip Nga Wan	2202 Interest of your spouse
Chan Yuk Sing	2201 Interest of corporation controlled by you
Cheung Shek On	2201 Interest of corporation controlled by you
Cho Bik Nung	2202 Interest of your spouse
Luk Pui Kei Peggy	2202 Interest of your spouse
China New Economy Fund Limited	2101 Beneficial owner

Kingland Group Holdings (HKSE:01751) Headlines

No Headlines