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Foodfest International 2000 (Foodfest International 2000) Interest Coverage : 0 (At Loss) (As of Sep. 2011)


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What is Foodfest International 2000 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. Foodfest International 2000's Operating Income for the three months ended in Sep. 2011 was $-0.27 Mil. Foodfest International 2000's Interest Expense for the three months ended in Sep. 2011 was $-0.06 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 Foodfest International 2000's Interest Coverage or its related term are showing as below:


FDFT's Interest Coverage is not ranked *
in the Diversified Financial Services industry.
Industry Median: No Debt
* 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.


Foodfest International 2000 Interest Coverage Historical Data

The historical data trend for Foodfest International 2000'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.

Foodfest International 2000 Interest Coverage Chart

Foodfest International 2000 Annual Data
Trend Oct06 Oct07 Oct08 Oct09
Interest Coverage
No Debt - 3.32 -

Foodfest International 2000 Quarterly Data
Jan07 Apr07 Jul07 Oct07 Jan08 Apr08 Jul08 Oct08 Jan09 Apr09 Jul09 Oct09 Jan10 Apr10 Jul10 Dec10 Mar11 Jun11 Sep11
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 - - 0.82 - -

Competitive Comparison of Foodfest International 2000's Interest Coverage

For the Shell Companies subindustry, Foodfest International 2000'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.


Foodfest International 2000's Interest Coverage Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Foodfest International 2000's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Foodfest International 2000's Interest Coverage falls into.



Foodfest International 2000 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.

Foodfest International 2000's Interest Coverage for the fiscal year that ended in Oct. 2009 is calculated as

Here, for the fiscal year that ended in Oct. 2009, Foodfest International 2000's Interest Expense was $-0.02 Mil. Its Operating Income was $-0.60 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Foodfest International 2000 did not have earnings to cover the interest expense.

Foodfest International 2000's Interest Coverage for the quarter that ended in Sep. 2011 is calculated as

Here, for the three months ended in Sep. 2011, Foodfest International 2000's Interest Expense was $-0.06 Mil. Its Operating Income was $-0.27 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.10 Mil.

Foodfest International 2000 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.


Foodfest International 2000  (OTCPK:FDFT) 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 .


Foodfest International 2000 Interest Coverage Related Terms

Thank you for viewing the detailed overview of Foodfest International 2000's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Foodfest International 2000 (Foodfest International 2000) Business Description

Traded in Other Exchanges
N/A
Address
1016 9th Street, Coronado, CA, USA, 92118
Foodfest International 2000 Inc currently has no operations.

Foodfest International 2000 (Foodfest International 2000) Headlines

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