Yangzijiang Financial Holding (SGX:YF8) Interest Coverage : 0 (At Loss) (As of Dec. 2023)

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What is Yangzijiang Financial Holding 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. Yangzijiang Financial Holding's Operating Income for the six months ended in Dec. 2023 was S$112.9 Mil. Yangzijiang Financial Holding's Interest Expense for the six months ended in Dec. 2023 was S$0.1 Mil. did not have earnings to cover the interest expense. 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. Yangzijiang Financial Holding Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Yangzijiang Financial Holding's Interest Coverage or its related term are showing as below:

SGX:YF8' s Interest Coverage Range Over the Past 10 Years
Min: 577.12 Med: No Debt Max: No Debt
Current: 577.12

SGX:YF8's Interest Coverage is ranked better than
67.11% of 450 companies
in the Asset Management industry
Industry Median: 39.105 vs SGX:YF8: 577.12

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

Yangzijiang Financial Holding Interest Coverage Historical Data

The historical data trend for Yangzijiang Financial Holding'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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Yangzijiang Financial Holding Interest Coverage Chart

Yangzijiang Financial Holding Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

No Debt

1,290.81

577.12

Yangzijiang Financial Holding Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial			No Debt	No Debt	486.27	278.78	-

Competitive Comparison of Yangzijiang Financial Holding's Interest Coverage

For the Asset Management subindustry, Yangzijiang Financial Holding'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.

Yangzijiang Financial Holding's Interest Coverage Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Yangzijiang Financial Holding's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Yangzijiang Financial Holding's Interest Coverage falls into.

Yangzijiang Financial Holding 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.

Yangzijiang Financial Holding'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, Yangzijiang Financial Holding's Interest Expense was S$-0.5 Mil. Its Operating Income was S$287.4 Mil. And its Long-Term Debt & Capital Lease Obligation was S$0.4 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	287.404	/	-0.498
	=	577.12

Yangzijiang Financial Holding's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Yangzijiang Financial Holding's Interest Expense was S$0.1 Mil. Its Operating Income was S$112.9 Mil. And its Long-Term Debt & Capital Lease Obligation was S$0.4 Mil.

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

Yangzijiang Financial Holding (SGX:YF8) 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 .

Yangzijiang Financial Holding Interest Coverage Related Terms

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Yangzijiang Financial Holding (SGX:YF8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Yangzijiang Financial Holding Ltd (SGX:YF8) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

YNGFF:USA

Address

9 Raffles Place, No. 54-01 Republic Plaza, Singapore, SGP, 048619

Website

https://www.yzjfin.com

Yangzijiang Financial Holding Ltd operates as an investment management business, which seeks capital appreciation and investment income from investments in both public and private companies as funds, as well as deploying funds into various situations, and the debt investment business, which is primarily made up of debt investments. The principal activities of the Group consist of micro-financing, debt investments at amortized cost, fund management and other investments and therefore management considers that the Group operates in one single business segment at two geographical locations.

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