Golden Heaven Group Holdings (Golden Heaven Group Holdings) Interest Coverage : 97.67 (As of Sep. 2023)

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What is Golden Heaven 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. Golden Heaven Group Holdings's Operating Income for the six months ended in Sep. 2023 was $0.29 Mil. Golden Heaven Group Holdings's Interest Expense for the six months ended in Sep. 2023 was $-0.00 Mil. Golden Heaven Group Holdings's interest coverage for the quarter that ended in Sep. 2023 was 97.67. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Golden Heaven Group Holdings's Interest Coverage or its related term are showing as below:

GDHG' s Interest Coverage Range Over the Past 10 Years
Min: 1787.5 Med: 3532.17 Max: 3744
Current: 1787.5

GDHG's Interest Coverage is ranked better than
93.72% of 605 companies
in the Travel & Leisure industry
Industry Median: 5.14 vs GDHG: 1787.50

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

Golden Heaven Group Holdings Interest Coverage Historical Data

The historical data trend for Golden Heaven 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.

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Golden Heaven Group Holdings Interest Coverage Chart

Golden Heaven Group Holdings Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Interest Coverage

N/A

3,744.00

3,532.17

1,787.50

Golden Heaven Group Holdings Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Coverage	Get a 7-Day Free Trial			2,470.00	3,434.00	3,630.33	3,477.33	97.67

Competitive Comparison of Golden Heaven Group Holdings's Interest Coverage

For the Leisure subindustry, Golden Heaven 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.

Golden Heaven Group Holdings's Interest Coverage Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Golden Heaven Group Holdings's Interest Coverage distribution charts can be found below:

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

Golden Heaven 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.

Golden Heaven Group Holdings's Interest Coverage for the fiscal year that ended in Sep. 2023 is calculated as

Here, for the fiscal year that ended in Sep. 2023, Golden Heaven Group Holdings's Interest Expense was $-0.01 Mil. Its Operating Income was $10.73 Mil. And its Long-Term Debt & Capital Lease Obligation was $5.81 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Sep. 2023 )	/	Interest Expense (A: Sep. 2023 )
	=	-1	*	10.725	/	-0.006
	=	1,787.50

Golden Heaven Group Holdings's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the six months ended in Sep. 2023, Golden Heaven Group Holdings's Interest Expense was $-0.00 Mil. Its Operating Income was $0.29 Mil. And its Long-Term Debt & Capital Lease Obligation was $5.81 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	0.293	/	-0.003
	=	97.67

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

Golden Heaven Group Holdings (NAS:GDHG) 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 .

Golden Heaven Group Holdings Interest Coverage Related Terms

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Golden Heaven Group Holdings (Golden Heaven Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Golden Heaven Group Holdings Ltd (NAS:GDHG) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8 Banhouhaichuan Road, Xiqin Town, Yanping District, Fujian Province, Nanping City, CHN, 353001

Website

http://www.jsyoule.com

Golden Heaven Group Holdings Ltd is an offshore holding company. Through the operating entities in China, It manages and operates six properties consisting of amusement parks, water parks, and complementary recreational facilities. The parks offer a broad selection of exhilarating and recreational experiences, including both thrilling and family-friendly rides, water attractions, gourmet festivals, circus performances, and high-tech facilities. The parks collectively contain nearly 159 rides and attractions. The firm's revenue is primarily generated from selling access to rides and attractions, charging fees for special event rentals, and collecting regular rental payments from commercial tenants.