Central China Management Co (HKSE:09982) Interest Coverage : 2,448.78 (As of Jun. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Central China Management 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. Central China Management Co's Operating Income for the six months ended in Jun. 2023 was HK$301.2 Mil. Central China Management Co's Interest Expense for the six months ended in Jun. 2023 was HK$-0.1 Mil. Central China Management Co's interest coverage for the quarter that ended in Jun. 2023 was 2,448.78. 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. Central China Management Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Central China Management Co's Interest Coverage or its related term are showing as below:

HKSE:09982' s Interest Coverage Range Over the Past 10 Years
Min: 1961.42 Med: 2406.28 Max: 12235.51
Current: 2050.35

HKSE:09982's Interest Coverage is ranked better than
93.33% of 1335 companies
in the Real Estate industry
Industry Median: 4.05 vs HKSE:09982: 2050.35

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

Central China Management Co Interest Coverage Historical Data

The historical data trend for Central China Management 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.

Central China Management Co Interest Coverage Chart

Central China Management Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Coverage

12,235.51

3,557.00

2,370.12

2,406.28

1,961.42

Central China Management Co Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Interest Coverage	Get a 7-Day Free Trial				1,958.94	3,077.76	2,253.97	1,569.89	2,448.78

Competitive Comparison of Central China Management Co's Interest Coverage

For the Real Estate Services subindustry, Central China Management 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.

Central China Management Co's Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Central China Management Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Central China Management Co's Interest Coverage falls into.

Central China Management 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.

Central China Management Co's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, Central China Management Co's Interest Expense was HK$-0.2 Mil. Its Operating Income was HK$462.9 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$0.7 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2022 )	/	Interest Expense (A: Dec. 2022 )
	=	-1	*	462.896	/	-0.236
	=	1,961.42

Central China Management Co's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Here, for the six months ended in Jun. 2023, Central China Management Co's Interest Expense was HK$-0.1 Mil. Its Operating Income was HK$301.2 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$8.1 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	301.2	/	-0.123
	=	2,448.78

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

Central China Management Co (HKSE:09982) 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 .

Central China Management Co Interest Coverage Related Terms

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

Central China Management Co (HKSE:09982) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Central China Management Co Ltd (HKSE:09982) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nongye East Road, Room 212, 313, Block C, Jianye Office Building, Henan Province, Zhengzhou, CHN

Website

http://www.centralchinamgt.com

Central China Management Company, or CCMGT, is one of China's leading property project management companies with a dominant market position in Henan province. As a project manager, CCMGT may be involved in overseeing the design, construction, marketing, and sales strategy of a development for its clients, that is, the project owners. CCMGT is a sister company of Central China Real Estate, or CCRE, a prominent real estate developer in Henan. Both CCMGT and CCRE are not government-linked or owned.

Executives

Joy Bright Investments Limited	2101 Beneficial owner
Wu Lam Li	2202 Interest of your spouse
Wu Po Sum	2201 Interest of corporation controlled by you

Central China Management Co (HKSE:09982) Headlines

No Headlines