Harbour Centre Development (HKSE:00051) Interest Coverage : 15.00 (As of Dec. 2023)

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What is Harbour Centre Development 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. Harbour Centre Development's Operating Income for the six months ended in Dec. 2023 was HK$225 Mil. Harbour Centre Development's Interest Expense for the six months ended in Dec. 2023 was HK$-15 Mil. Harbour Centre Development's interest coverage for the quarter that ended in Dec. 2023 was 15.00. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Harbour Centre Development's Interest Coverage or its related term are showing as below:

HKSE:00051' s Interest Coverage Range Over the Past 10 Years
Min: 0.81 Med: 12.07 Max: 158.42
Current: 12

HKSE:00051's Interest Coverage is ranked better than
69.24% of 1336 companies
in the Real Estate industry
Industry Median: 4.06 vs HKSE:00051: 12.00

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

Harbour Centre Development Interest Coverage Historical Data

The historical data trend for Harbour Centre Development'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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Harbour Centre Development Interest Coverage Chart

Harbour Centre Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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12.07

11.59

20.28

0.81

12.00

Harbour Centre Development 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															29.73	-	2.95	9.63	15.00

Competitive Comparison of Harbour Centre Development's Interest Coverage

For the Real Estate - Development subindustry, Harbour Centre Development'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.

Harbour Centre Development's Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Harbour Centre Development's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Harbour Centre Development's Interest Coverage falls into.

Harbour Centre Development 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.

Harbour Centre Development'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, Harbour Centre Development's Interest Expense was HK$-34 Mil. Its Operating Income was HK$408 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$504 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	408	/	-34
	=	12.00

Harbour Centre Development's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Harbour Centre Development's Interest Expense was HK$-15 Mil. Its Operating Income was HK$225 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$504 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	225	/	-15
	=	15.00

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

Harbour Centre Development (HKSE:00051) 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 .

Harbour Centre Development Interest Coverage Related Terms

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

Harbour Centre Development (HKSE:00051) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Harbour Centre Development Ltd (HKSE:00051) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

Canton Road, 16th Floor, Ocean Centre, Harbour City, Kowloon, Hong Kong, HKG

Website

http://www.harbourcentre.com.hk

Harbour Centre Development Ltd has engaged in the acquisition, development, design, construction, sales, and marketing of properties in China. The operating business segments are investments, development property, investment property, and hotels. The Development property segment do activities relating to the acquisition, development, design, construction, sales, and marketing of properties in Mainland China. The Investment property segment represents the property leasing of the company's investment properties in Hong Kong. The Hotel segment represents the operations of Marco Polo Hongkong Hotel and Marco Polo Changzhou. It also includes The Murray, which is under construction. Its maximum revenue is driven by the Development property segment and from the Mainland China region.

Executives

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Wharf Real Estate Investment Company Limited	2201 Interest of corporation controlled by you

Harbour Centre Development (HKSE:00051) Headlines

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