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Yuxing InfoTech Investment Holdings (HKSE:08005) Interest Coverage : 0 (At Loss) (As of Dec. 2023)


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What is Yuxing InfoTech Investment 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. Yuxing InfoTech Investment Holdings's Operating Income for the three months ended in Dec. 2023 was HK$-150.4 Mil. Yuxing InfoTech Investment Holdings's Interest Expense for the three months ended in Dec. 2023 was HK$0.3 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 Yuxing InfoTech Investment Holdings's Interest Coverage or its related term are showing as below:


HKSE:08005's Interest Coverage is not ranked *
in the Hardware industry.
Industry Median: 12.685
* 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.


Yuxing InfoTech Investment Holdings Interest Coverage Historical Data

The historical data trend for Yuxing InfoTech Investment 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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Yuxing InfoTech Investment Holdings Interest Coverage Chart

Yuxing InfoTech Investment Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
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Yuxing InfoTech Investment Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Yuxing InfoTech Investment Holdings's Interest Coverage

For the Consumer Electronics subindustry, Yuxing InfoTech Investment 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.


Yuxing InfoTech Investment Holdings's Interest Coverage Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Yuxing InfoTech Investment Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Yuxing InfoTech Investment Holdings's Interest Coverage falls into.



Yuxing InfoTech Investment 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.

Yuxing InfoTech Investment 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, Yuxing InfoTech Investment Holdings's Interest Expense was HK$-0.2 Mil. Its Operating Income was HK$-235.2 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$1.3 Mil.

Yuxing InfoTech Investment Holdings did not have earnings to cover the interest expense.

Yuxing InfoTech Investment Holdings's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Yuxing InfoTech Investment Holdings's Interest Expense was HK$0.3 Mil. Its Operating Income was HK$-150.4 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$1.3 Mil.

* 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.


Yuxing InfoTech Investment Holdings  (HKSE:08005) 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 .


Yuxing InfoTech Investment Holdings Interest Coverage Related Terms

Thank you for viewing the detailed overview of Yuxing InfoTech Investment Holdings's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Yuxing InfoTech Investment Holdings (HKSE:08005) Business Description

Traded in Other Exchanges
Address
No. 3609 Baishi Road, Unit 3310, Block A1, Building 9, Shenzhenwan Science and Technology Ecological Garden, District 2, Nanshan District, Shenzhen, CHN
Yuxing InfoTech Investment Holdings Ltd is a China-based conglomerate that is mainly involved in the information home appliances business, investing, and trading. It operates in five segments. Information Home Appliances segment which derives majority revenue involves in the manufacture, sales, and distribution of information home appliances and complementary products to consumer markets. The Investing segment includes trading of securities and investing in financial instruments. The Leasing segment comprises leasing out of properties. The IDC segment consists of construction, operation, and leasing out of properties. The Other Operations segment refers to the trading of miscellaneous materials. It has a business presence mainly in Australia, the People's Republic of China, and Hong Kong.
Executives
Geely Group Limited 2201 Interest of corporation controlled by you
Li Shu Fu 2201 Interest of corporation controlled by you
Cong Yu 2201 Interest of corporation controlled by you
Cong Yu Company Limited 2201 Interest of corporation controlled by you
Foo Yatyan 2101 Beneficial owner
Honbridge Holdings Limited 2101 Beneficial owner
Hong Bridge Capital Limited 2101 Beneficial owner
He Xuechu 2101 Beneficial owner
Cedar Surplus Investments Limited 2201 Interest of corporation controlled by you
Unicorn Resources Inc. 2101 Beneficial owner
Zhu Weisha 2201 Interest of corporation controlled by you

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