Alibaba Pictures Group (HKSE:01060) Interest Coverage : 140.27 (As of Sep. 2023)

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What is Alibaba Pictures 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. Alibaba Pictures Group's Operating Income for the six months ended in Sep. 2023 was HK$382 Mil. Alibaba Pictures Group's Interest Expense for the six months ended in Sep. 2023 was HK$-3 Mil. Alibaba Pictures Group's interest coverage for the quarter that ended in Sep. 2023 was 140.27. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Alibaba Pictures Group Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Alibaba Pictures Group's Interest Coverage or its related term are showing as below:

HKSE:01060' s Interest Coverage Range Over the Past 10 Years
Min: 2.07 Med: 3.19 Max: 53.67
Current: 53.67

HKSE:01060's Interest Coverage is ranked better than
69.79% of 619 companies
in the Media - Diversified industry
Industry Median: 11.09 vs HKSE:01060: 53.67

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

Alibaba Pictures Group Interest Coverage Historical Data

The historical data trend for Alibaba Pictures 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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Alibaba Pictures Group Interest Coverage Chart

Alibaba Pictures Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

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4.75

2.07

3.54

Alibaba Pictures Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Coverage	Get a 7-Day Free Trial															-	25.93	3.31	3.77	140.27

Competitive Comparison of Alibaba Pictures Group's Interest Coverage

For the Entertainment subindustry, Alibaba Pictures 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.

Alibaba Pictures Group's Interest Coverage Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Alibaba Pictures Group's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Alibaba Pictures Group's Interest Coverage falls into.

Alibaba Pictures 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.

Alibaba Pictures 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, Alibaba Pictures Group's Interest Expense was HK$-10 Mil. Its Operating Income was HK$34 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$135 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	33.855	/	-9.571
	=	3.54

Alibaba Pictures Group's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the six months ended in Sep. 2023, Alibaba Pictures Group's Interest Expense was HK$-3 Mil. Its Operating Income was HK$382 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$77 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	381.676	/	-2.721
	=	140.27

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

Alibaba Pictures Group (HKSE:01060) 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 .

Alibaba Pictures Group Interest Coverage Related Terms

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

Alibaba Pictures Group (HKSE:01060) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Alibaba Pictures Group Ltd (HKSE:01060) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

CBW:Germany

Address

1 Matheson Street, 26th Floor, Tower One, Times Square, Causeway Bay, Hong Kong, HKG

Website

http://www.alibabapictures.com

Alibaba Pictures Group Ltd a subsidiary of the Alibaba Group, is a diversified media company headquartered in China that operates in the entertainment industry. The company has three business segments: Technology, Content production, and IP merchandising and commercialization. The Technology segment provides Internet-based ticketing services to consumers and offers Internet-based promotion and distribution services to cinemas. The integrated development unit develops, licenses, and merchandises intellectual property. The content production business engages in planning, developing, and producing films and TV drama series. The Content segment generates most of the company's revenue.

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