China Agri-Products Exchange (HKSE:00149) Interest Coverage : 1.19 (As of Sep. 2023)

China Agri-Products Exchange Interest Coverage Chart

China Agri-Products Exchange Annual Data
	Trend	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Mar21	Mar22	Mar23
Interest Coverage		Get a 7-Day Free Trial					0.25	0.52	0.92	1.84	1.06

China Agri-Products Exchange Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Coverage	Get a 7-Day Free Trial															1.89	1.80	1.34	0.73	1.19

Competitive Comparison of China Agri-Products Exchange's Interest Coverage

For the Real Estate - Diversified subindustry, China Agri-Products Exchange'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 Agri-Products Exchange's Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China Agri-Products Exchange's Interest Coverage distribution charts can be found below:

* The bar in red indicates where China Agri-Products Exchange's Interest Coverage falls into.

China Agri-Products Exchange 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

Else if Interest Expense is negative and Operating Income is negative, then

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

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 Agri-Products Exchange's Interest Coverage for the fiscal year that ended in Mar. 2023 is calculated as

Here, for the fiscal year that ended in Mar. 2023, China Agri-Products Exchange's Interest Expense was HK$-118.4 Mil. Its Operating Income was HK$126.0 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$1,195.9 Mil.

China Agri-Products Exchange's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the six months ended in Sep. 2023, China Agri-Products Exchange's Interest Expense was HK$-58.0 Mil. Its Operating Income was HK$69.3 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$990.6 Mil.

* 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.

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

China Agri-Products Exchange  (HKSE:00149) 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 Agri-Products Exchange Interest Coverage Related Terms

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China Agri-Products Exchange (HKSE:00149) Business Description