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Volcano Spring International Holdings (HKSE:01715) Interest Coverage : 0 (At Loss) (As of Jun. 2024)


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What is Volcano Spring International Holdings 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. Volcano Spring International Holdings's Operating Income for the six months ended in Jun. 2024 was HK$-17.71 Mil. Volcano Spring International Holdings's Interest Expense for the six months ended in Jun. 2024 was HK$-3.37 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 Volcano Spring International Holdings's Interest Coverage or its related term are showing as below:


HKSE:01715's Interest Coverage is not ranked *
in the Furnishings, Fixtures & Appliances industry.
Industry Median: 9.02
* 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.


Volcano Spring International Holdings Interest Coverage Historical Data

The historical data trend for Volcano Spring International Holdings'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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Volcano Spring International Holdings Interest Coverage Chart

Volcano Spring International Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only 6.28 - - - -

Volcano Spring International Holdings Semi-Annual Data
Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 - - - - -

Competitive Comparison of Volcano Spring International Holdings's Interest Coverage

For the Furnishings, Fixtures & Appliances subindustry, Volcano Spring International Holdings'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.


Volcano Spring International Holdings's Interest Coverage Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Volcano Spring International Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Volcano Spring International Holdings's Interest Coverage falls into.



Volcano Spring International Holdings 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.

Volcano Spring International Holdings'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, Volcano Spring International Holdings's Interest Expense was HK$-8.44 Mil. Its Operating Income was HK$-41.28 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$5.57 Mil.

Volcano Spring International Holdings did not have earnings to cover the interest expense.

Volcano Spring International Holdings's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Here, for the six months ended in Jun. 2024, Volcano Spring International Holdings's Interest Expense was HK$-3.37 Mil. Its Operating Income was HK$-17.71 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$5.38 Mil.

Volcano Spring International Holdings 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.


Volcano Spring International Holdings  (HKSE:01715) 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 .


Volcano Spring International Holdings Interest Coverage Related Terms

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Volcano Spring International Holdings Business Description

Traded in Other Exchanges
N/A
Address
3585 Sanlu Road, West Building No. 2, Pujiang Industrial Zone, Caohejing Hi-tech Park, Shanghai, CHN, 201114
Volcano Spring International Holdings Ltd is engaged in the research and development, manufacturing and trading of kitchen appliances and selling of healthcare products in the PRC. The Group's revenue is substantially derived from the PRC market.
Executives
Seashore Global Enterprises Limited 2101 Beneficial owner
Wu Huizhang 2201 Interest of corporation controlled by you
Ample Cheer Limited
Kingston Finance Limited
Chu Yuet Wah
Ke Fusheng 2101 Beneficial owner
Maeck Can Yue 2201 Interest of corporation controlled by you
Wide Big Investment Limited 2101 Beneficial owner

Volcano Spring International Holdings Headlines

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