Shenzhen New Nanshan Holding (Group) Co (SZSE:002314) Interest Coverage : 0.60 (As of Mar. 2024)

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What is Shenzhen New Nanshan Holding (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 New Nanshan Holding (Group) Co's Operating Income for the three months ended in Mar. 2024 was ¥120 Mil. Shenzhen New Nanshan Holding (Group) Co's Interest Expense for the three months ended in Mar. 2024 was ¥-202 Mil. Shenzhen New Nanshan Holding (Group) Co's interest coverage for the quarter that ended in Mar. 2024 was 0.60. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Shenzhen New Nanshan Holding (Group) Co Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

The historical rank and industry rank for Shenzhen New Nanshan Holding (Group) Co's Interest Coverage or its related term are showing as below:

SZSE:002314' s Interest Coverage Range Over the Past 10 Years
Min: 0.91 Med: 2.86 Max: 20.01
Current: 0.91

SZSE:002314's Interest Coverage is ranked worse than
87.1% of 1341 companies
in the Real Estate industry
Industry Median: 3.96 vs SZSE:002314: 0.91

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 New Nanshan Holding (Group) Co Interest Coverage Historical Data

The historical data trend for Shenzhen New Nanshan Holding (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.

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Shenzhen New Nanshan Holding (Group) Co Interest Coverage Chart

Shenzhen New Nanshan Holding (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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2.51

2.41

1.37

1.36

1.56

Shenzhen New Nanshan Holding (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															3.38	1.05	0.56	1.38	0.60

Competitive Comparison of Shenzhen New Nanshan Holding (Group) Co's Interest Coverage

For the Real Estate - Diversified subindustry, Shenzhen New Nanshan Holding (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 New Nanshan Holding (Group) Co's Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Shenzhen New Nanshan Holding (Group) Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Shenzhen New Nanshan Holding (Group) Co's Interest Coverage falls into.

Shenzhen New Nanshan Holding (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 New Nanshan Holding (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 New Nanshan Holding (Group) Co's Interest Expense was ¥-714 Mil. Its Operating Income was ¥1,113 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥19,953 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	1112.826	/	-714.268
	=	1.56

Shenzhen New Nanshan Holding (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 New Nanshan Holding (Group) Co's Interest Expense was ¥-202 Mil. Its Operating Income was ¥120 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥22,792 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	120.245	/	-201.542
	=	0.60

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

Shenzhen New Nanshan Holding (Group) Co (SZSE:002314) 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 New Nanshan Holding (Group) Co Interest Coverage Related Terms

Thank you for viewing the detailed overview of Shenzhen New Nanshan Holding (Group) Co's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Shenzhen New Nanshan Holding (Group) Co (SZSE:002314) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shenzhen New Nanshan Holding (Group) Co Ltd (SZSE:002314) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

5th Floor, South 12th Road, JiuZhou Electric Appliance Building, Science and Technology Park, NanShan District, ShenZhen, CHN

Website

http://www.xnskg.cn

Shenzhen New Nanshan Holding (Group) Co Ltd is engaged in the integrated building business, the company is committed to the development and operation of new integrated buildings. It has seven series of products, such as modular space, packing boxes, movable board houses, special containers and elegant accessories.

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