China HK Power Smart Energy Group (HKSE:00931) Interest Coverage : 0 (At Loss) (As of Sep. 2023)

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What is China HK Power Smart Energy 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. China HK Power Smart Energy Group's Operating Income for the six months ended in Sep. 2023 was HK$-43.2 Mil. China HK Power Smart Energy Group's Interest Expense for the six months ended in Sep. 2023 was HK$-15.7 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 China HK Power Smart Energy Group's Interest Coverage or its related term are showing as below:

HKSE:00931's Interest Coverage is not ranked ^*
in the Oil & Gas industry.
Industry Median: 6.55
* 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.

China HK Power Smart Energy Group Interest Coverage Historical Data

The historical data trend for China HK Power Smart Energy 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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China HK Power Smart Energy Group Interest Coverage Chart

China HK Power Smart Energy Group Annual Data

Trend

Dec14

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Mar23

Interest Coverage

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China HK Power Smart Energy Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Coverage	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of China HK Power Smart Energy Group's Interest Coverage

For the Oil & Gas Refining & Marketing subindustry, China HK Power Smart Energy 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.

China HK Power Smart Energy Group's Interest Coverage Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, China HK Power Smart Energy Group's Interest Coverage distribution charts can be found below:

* The bar in red indicates where China HK Power Smart Energy Group's Interest Coverage falls into.

China HK Power Smart Energy 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.

China HK Power Smart Energy 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, China HK Power Smart Energy Group's Interest Expense was HK$-34.9 Mil. Its Operating Income was HK$-147.1 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$504.3 Mil.

China HK Power Smart Energy Group did not have earnings to cover the interest expense.

China HK Power Smart Energy Group's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the six months ended in Sep. 2023, China HK Power Smart Energy Group's Interest Expense was HK$-15.7 Mil. Its Operating Income was HK$-43.2 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$541.2 Mil.

China HK Power Smart Energy Group did not have earnings to cover the interest expense.

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

China HK Power Smart Energy Group (HKSE:00931) 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 .

China HK Power Smart Energy Group Interest Coverage Related Terms

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China HK Power Smart Energy Group (HKSE:00931) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China HK Power Smart Energy Group Ltd (HKSE:00931) » Definitions » Interest Coverage

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Address

33 Garden Road, St. John's Building, 8th Floor, Central, Hong Kong, HKG

Website

https://www.chinalng.todayir.com/en/index.php

China HK Power Smart Energy Group Ltd Formerly China LNG Group Ltd is engaged in the development of new energy businesses, which include investment, construction & operation of liquefied natural gas infrastructure, and financial leasing services. Its segments include financial services through finance leasing services for LNG vehicles, vessels, and equipment, provision of LNG in the downstream market, provision of commercial vehicle platform services, trading of securities, properties investment, and financial services through the provision of money lending business & LNG business which is Sales & distribution of LNG including wholesale of LNG, point-to-point supply of LNG, LNG pipeline network and provision of LNG logistic services in the PRC. The majority of revenue is from LNG business.

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