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Shenzhen Special Economic Zone Real Estate And Properties (Group) Co (SZSE:000029) Interest Coverage : 0 (At Loss) (As of Mar. 2024)


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What is Shenzhen Special Economic Zone Real Estate And Properties (Group) Co 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. Shenzhen Special Economic Zone Real Estate And Properties (Group) Co's Operating Income for the three months ended in Mar. 2024 was ¥-5.9 Mil. Shenzhen Special Economic Zone Real Estate And Properties (Group) Co's Interest Expense for the three months ended in Mar. 2024 was ¥-0.3 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 Shenzhen Special Economic Zone Real Estate And Properties (Group) Co's Interest Coverage or its related term are showing as below:


SZSE:000029's Interest Coverage is not ranked *
in the Real Estate industry.
Industry Median: 4.03
* Ranked among companies with meaningful Interest Coverage only.

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


Shenzhen Special Economic Zone Real Estate And Properties (Group) Co Interest Coverage Historical Data

The historical data trend for Shenzhen Special Economic Zone Real Estate And Properties (Group) Co'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.

Shenzhen Special Economic Zone Real Estate And Properties (Group) Co Interest Coverage Chart

Shenzhen Special Economic Zone Real Estate And Properties (Group) Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17,764.28 409.98 26,070.60 213.12 -

Shenzhen Special Economic Zone Real Estate And Properties (Group) Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only N/A - N/A - -

Competitive Comparison of Shenzhen Special Economic Zone Real Estate And Properties (Group) Co's Interest Coverage

For the Real Estate - Diversified subindustry, Shenzhen Special Economic Zone Real Estate And Properties (Group) Co'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.


Shenzhen Special Economic Zone Real Estate And Properties (Group) Co's Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Shenzhen Special Economic Zone Real Estate And Properties (Group) Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Shenzhen Special Economic Zone Real Estate And Properties (Group) Co's Interest Coverage falls into.



Shenzhen Special Economic Zone Real Estate And Properties (Group) Co 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.

Shenzhen Special Economic Zone Real Estate And Properties (Group) Co'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, Shenzhen Special Economic Zone Real Estate And Properties (Group) Co's Interest Expense was ¥-1.3 Mil. Its Operating Income was ¥-62.1 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥179.4 Mil.

Shenzhen Special Economic Zone Real Estate And Properties (Group) Co did not have earnings to cover the interest expense.

Shenzhen Special Economic Zone Real Estate And Properties (Group) Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Shenzhen Special Economic Zone Real Estate And Properties (Group) Co's Interest Expense was ¥-0.3 Mil. Its Operating Income was ¥-5.9 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥179.4 Mil.

Shenzhen Special Economic Zone Real Estate And Properties (Group) Co did not have earnings to cover the interest expense.

* 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.


Shenzhen Special Economic Zone Real Estate And Properties (Group) Co  (SZSE:000029) 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 .


Shenzhen Special Economic Zone Real Estate And Properties (Group) Co Interest Coverage Related Terms

Thank you for viewing the detailed overview of Shenzhen Special Economic Zone Real Estate And Properties (Group) Co's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Shenzhen Special Economic Zone Real Estate And Properties (Group) Co (SZSE:000029) Business Description

Traded in Other Exchanges
Address
No. 3005, Renmin South Road, 45th Floor-48th Floor, Shenfang Plaza, Guangdong, Shenzhen, CHN, 518001
Shenzhen Special Economic Zone Real Estate And Properties (Group) Co Ltd is a real estate company. The company is engaged in real estate development and sales, property leasing and management, hotel service and construction and installation services. Its products and services include commodity housing, property leasing and management, hotel service, construction and installation service, and renovation service. The operating business division is a Real estate, Engineering and Construction, Rental services, Property management, and others. It generates maximum revenue from the Real estate division.
Executives
Lu Hai Yan Supervisors
Deng Kang Cheng Director
Zhuang Quan Supervisors
Zhou Jian Guo Director
Zong De Chun Director

Shenzhen Special Economic Zone Real Estate And Properties (Group) Co (SZSE:000029) Headlines

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