Hao Tian International Construction Investment Group (HKSE:01341) Interest Coverage : 0 (At Loss) (As of Sep. 2023)

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What is Hao Tian International Construction Investment Group 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. Hao Tian International Construction Investment Group's Operating Income for the six months ended in Sep. 2023 was HK$-1.0 Mil. Hao Tian International Construction Investment Group's Interest Expense for the six months ended in Sep. 2023 was HK$-9.0 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Hao Tian International Construction Investment Group's Interest Coverage or its related term are showing as below:

HKSE:01341' s Interest Coverage Range Over the Past 10 Years
Min: 0.41 Med: 1.05 Max: 5
Current: 0.45

HKSE:01341's Interest Coverage is ranked worse than
97.73% of 794 companies
in the Business Services industry
Industry Median: 13.27 vs HKSE:01341: 0.45

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

Hao Tian International Construction Investment Group Interest Coverage Historical Data

The historical data trend for Hao Tian International Construction Investment Group'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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Hao Tian International Construction Investment Group Interest Coverage Chart

Hao Tian International Construction Investment Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

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0.68

0.41

1.42

Hao Tian International Construction Investment Group Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Coverage	Get a 7-Day Free Trial													-	1.14	2.13	0.91	-

Competitive Comparison of Hao Tian International Construction Investment Group's Interest Coverage

For the Rental & Leasing Services subindustry, Hao Tian International Construction Investment 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.

Hao Tian International Construction Investment Group's Interest Coverage Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Hao Tian International Construction Investment Group's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Hao Tian International Construction Investment Group's Interest Coverage falls into.

Hao Tian International Construction Investment 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

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.

Hao Tian International Construction Investment Group'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, Hao Tian International Construction Investment Group's Interest Expense was HK$-19.0 Mil. Its Operating Income was HK$27.0 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$55.0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	27	/	-19
	=	1.42

Hao Tian International Construction Investment Group's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the six months ended in Sep. 2023, Hao Tian International Construction Investment Group's Interest Expense was HK$-9.0 Mil. Its Operating Income was HK$-1.0 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$41.0 Mil.

Hao Tian International Construction Investment Group did not have earnings to cover the interest expense.

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

Hao Tian International Construction Investment Group (HKSE:01341) 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 .

Hao Tian International Construction Investment Group Interest Coverage Related Terms

Thank you for viewing the detailed overview of Hao Tian International Construction Investment Group's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Hao Tian International Construction Investment Group (HKSE:01341) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Hao Tian International Construction Investment Group Ltd (HKSE:01341) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

HAOTF:USA

Address

6-8 Harbour Road, Rooms 2510-2518, 25th Floor, Shui On Centre, Wanchai, Hong Kong, HKG

Website

http://www.haotianint.com.hk

Hao Tian International Construction Investment Group Ltd is an investment holding company. The company's operating segment includes the Rental and sale of construction machinery and spare parts business which generates majority revenue to the business; Provision of repair and maintenance and transportation service business; Money lending business; Provision of asset management, securities brokerage, commodities, futures, and other financial services business and Property development business. The company operates in Hong Kong, The People's Republic of China, Macau, and Cambodia geographically.

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