Shandong Hi-Speed Holdings Group (HKSE:00412) Interest Coverage : 0.51 (As of Dec. 2023)

Shandong Hi-Speed Holdings Group Interest Coverage Chart

Shandong Hi-Speed Holdings Group Annual Data
	Trend	Mar14	Mar15	Mar16	Mar17	Mar18	Dec19	Dec20	Dec21	Dec22	Dec23
Interest Coverage		Get a 7-Day Free Trial					0.77	1.56	1.34	0.99	0.83

Shandong Hi-Speed Holdings Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial															1.73	1.18	0.93	1.17	0.51

Competitive Comparison of Shandong Hi-Speed Holdings Group's Interest Coverage

For the Asset Management subindustry, Shandong Hi-Speed Holdings Group'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.

Shandong Hi-Speed Holdings Group's Interest Coverage Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Shandong Hi-Speed Holdings Group's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Shandong Hi-Speed Holdings Group's Interest Coverage falls into.

Shandong Hi-Speed Holdings Group 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.

Shandong Hi-Speed Holdings Group'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, Shandong Hi-Speed Holdings Group's Interest Expense was HK$-2,068 Mil. Its Operating Income was HK$1,707 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$32,227 Mil.

Shandong Hi-Speed Holdings Group's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Shandong Hi-Speed Holdings Group's Interest Expense was HK$-1,077 Mil. Its Operating Income was HK$549 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$32,227 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.

Shandong Hi-Speed Holdings Group  (HKSE:00412) 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 .

Shandong Hi-Speed Holdings Group Interest Coverage Related Terms

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Shandong Hi-Speed Holdings Group (HKSE:00412) Business Description