Hong Kong Ferry (Holdings) Co (HKSE:00050) Interest Coverage : 552.43 (As of Dec. 2023)

View and export this data going back to 1921. Start your Free Trial

What is Hong Kong Ferry (Holdings) 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. Hong Kong Ferry (Holdings) Co's Operating Income for the six months ended in Dec. 2023 was HK$64.1 Mil. Hong Kong Ferry (Holdings) Co's Interest Expense for the six months ended in Dec. 2023 was HK$-0.1 Mil. Hong Kong Ferry (Holdings) Co's interest coverage for the quarter that ended in Dec. 2023 was 552.43. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Hong Kong Ferry (Holdings) Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Hong Kong Ferry (Holdings) Co's Interest Coverage or its related term are showing as below:

HKSE:00050' s Interest Coverage Range Over the Past 10 Years
Min: 396.8 Med: 6156.1 Max: No Debt
Current: 465.96

HKSE:00050's Interest Coverage is ranked better than
90.68% of 1341 companies
in the Real Estate industry
Industry Median: 3.96 vs HKSE:00050: 465.96

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

Hong Kong Ferry (Holdings) Co Interest Coverage Historical Data

The historical data trend for Hong Kong Ferry (Holdings) 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.

* Premium members only.

Hong Kong Ferry (Holdings) Co Interest Coverage Chart

Hong Kong Ferry (Holdings) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

2,312.19

473.66

751.35

396.80

465.96

Hong Kong Ferry (Holdings) Co 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															573.72	951.94	170.98	398.64	552.43

Competitive Comparison of Hong Kong Ferry (Holdings) Co's Interest Coverage

For the Real Estate - Diversified subindustry, Hong Kong Ferry (Holdings) 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.

Hong Kong Ferry (Holdings) Co's Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Hong Kong Ferry (Holdings) Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Hong Kong Ferry (Holdings) Co's Interest Coverage falls into.

Hong Kong Ferry (Holdings) 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.

Hong Kong Ferry (Holdings) 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, Hong Kong Ferry (Holdings) Co's Interest Expense was HK$-0.3 Mil. Its Operating Income was HK$123.5 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$2.9 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	123.479	/	-0.265
	=	465.96

Hong Kong Ferry (Holdings) Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Hong Kong Ferry (Holdings) Co's Interest Expense was HK$-0.1 Mil. Its Operating Income was HK$64.1 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$2.9 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	64.082	/	-0.116
	=	552.43

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

Hong Kong Ferry (Holdings) Co (HKSE:00050) 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 .

Hong Kong Ferry (Holdings) Co Interest Coverage Related Terms

Thank you for viewing the detailed overview of Hong Kong Ferry (Holdings) Co's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Hong Kong Ferry (Holdings) Co (HKSE:00050) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Hong Kong Ferry (Holdings) Co Ltd (HKSE:00050) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

98 Tam Kon Shan Road, TYTL 102, Ngau Kok Wan, North Tsing Yi, New Territories, Hong Kong, HKG, TYTL 102

Website

https://www.hkf.com

Hong Kong Ferry (Holdings) Co Ltd is an investment holding company. It operates through four segments comprising Property development including the development and sale of properties; Property investment including rental income from the leasing of properties; Ferry, shipyard and related operations including income from the operation of dangerous goods vehicular ferry service and ship repairs and maintenance services and sales of goods on cruise vessels; and Securities investment segment which includes dividend, interest and other income from debt and equity securities investments. It derives a majority of the revenue from the Property investment segment. All of the group's revenue and profit from operations were derived from activities in Hong Kong.

Hong Kong Ferry (Holdings) Co (HKSE:00050) Headlines

No Headlines