Raffles Interior (HKSE:01376) Interest Coverage : 0 (At Loss) (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Raffles Interior 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. Raffles Interior's Operating Income for the six months ended in Dec. 2023 was HK$-4.7 Mil. Raffles Interior's Interest Expense for the six months ended in Dec. 2023 was HK$-0.2 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 Raffles Interior's Interest Coverage or its related term are showing as below:

HKSE:01376' s Interest Coverage Range Over the Past 10 Years
Min: 11.92 Med: 151.32 Max: 316.51
Current: 11.92

HKSE:01376's Interest Coverage is ranked worse than
52.64% of 796 companies
in the Business Services industry
Industry Median: 13.48 vs HKSE:01376: 11.92

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

Raffles Interior Interest Coverage Historical Data

The historical data trend for Raffles Interior'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.

Raffles Interior Interest Coverage Chart

Raffles Interior Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

20.50

12.00

Raffles Interior Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial							-	-	-	24.43	-

Competitive Comparison of Raffles Interior's Interest Coverage

For the Consulting Services subindustry, Raffles Interior'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.

Raffles Interior's Interest Coverage Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Raffles Interior's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Raffles Interior's Interest Coverage falls into.

Raffles Interior 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.

Raffles Interior'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, Raffles Interior's Interest Expense was HK$-0.7 Mil. Its Operating Income was HK$8.9 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$4.6 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	8.865	/	-0.739
	=	12.00

Raffles Interior's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Raffles Interior's Interest Expense was HK$-0.2 Mil. Its Operating Income was HK$-4.7 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$4.6 Mil.

Raffles Interior did not have earnings to cover the interest expense.

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

Raffles Interior (HKSE:01376) 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 .

Raffles Interior Interest Coverage Related Terms

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

Raffles Interior (HKSE:01376) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Raffles Interior Ltd (HKSE:01376) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

59 Sungei Kadut Loop, Singapore, SGP, 729490

Website

http://www.rafflesinterior.com

Raffles Interior Ltd is a Singapore-based investment holding company. The company is principally engaged in the provision of interior fitting-out services. The company's fitting-out services include project management and construction management of the interior fitting-out project, construction and installation of interior fitting-out works, customizing, manufacturing and supply of carpentry/joinery and integral fixtures, and maintenance of the projects that it undertakes on an ad-hoc basis. The company derives its revenue from projects involving fitting-out works for office space in Singapore.

Executives

Low Lek Huat	2201 Interest of corporation controlled by you
Zhong Ji Huan Qiu Qi Ye You Xian Gong Si	2101 Beneficial owner
Union Expert Investment Holding Limited	2101 Beneficial owner
Cao Chengpeng	2201 Interest of corporation controlled by you
Sng Siew Luan Emily	2202 Interest of your spouse
Pan Lulu	2202 Interest of your spouse
Ong Poh Eng	2202 Interest of your spouse
Ng Foo Wah	2201 Interest of corporation controlled by you
Neo Bee Ling Pauline	2202 Interest of your spouse
Chua Boon Par	2201 Interest of corporation controlled by you
Low Lek Hee	2201 Interest of corporation controlled by you
Loke Yoke Mei	2202 Interest of your spouse
Lo Lek Chew	2201 Interest of corporation controlled by you
Lim Bee Peng	2202 Interest of your spouse
Leong Wai Kit	2201 Interest of corporation controlled by you

Raffles Interior (HKSE:01376) Headlines

No Headlines