QuMei Home Furnishings Group Co (SHSE:603818) Interest Coverage : 0 (At Loss) (As of Mar. 2024)

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What is QuMei Home Furnishings Group 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. QuMei Home Furnishings Group Co's Operating Income for the three months ended in Mar. 2024 was ¥-13 Mil. QuMei Home Furnishings Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥-81 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. QuMei Home Furnishings Group Co Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

The historical rank and industry rank for QuMei Home Furnishings Group Co's Interest Coverage or its related term are showing as below:

SHSE:603818' s Interest Coverage Range Over the Past 10 Years
Min: 0.19 Med: 7.77 Max: 310.4
Current: 0.2

SHSE:603818's Interest Coverage is ranked worse than
99.06% of 320 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 8.9 vs SHSE:603818: 0.20

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

QuMei Home Furnishings Group Co Interest Coverage Historical Data

The historical data trend for QuMei Home Furnishings Group 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.

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QuMei Home Furnishings Group Co Interest Coverage Chart

QuMei Home Furnishings Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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1.15

1.65

35.82

0.99

0.19

QuMei Home Furnishings Group Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial															-	0.06	0.24	0.70	-

Competitive Comparison of QuMei Home Furnishings Group Co's Interest Coverage

For the Furnishings, Fixtures & Appliances subindustry, QuMei Home Furnishings Group 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.

QuMei Home Furnishings Group Co's Interest Coverage Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, QuMei Home Furnishings Group Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where QuMei Home Furnishings Group Co's Interest Coverage falls into.

QuMei Home Furnishings Group 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.

QuMei Home Furnishings Group Co'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, QuMei Home Furnishings Group Co's Interest Expense was ¥-313 Mil. Its Operating Income was ¥59 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥2,966 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	59.121	/	-312.913
	=	0.19

QuMei Home Furnishings Group Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, QuMei Home Furnishings Group Co's Interest Expense was ¥-81 Mil. Its Operating Income was ¥-13 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥2,666 Mil.

QuMei Home Furnishings Group Co did not have earnings to cover the interest expense.

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

QuMei Home Furnishings Group Co (SHSE:603818) 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 .

QuMei Home Furnishings Group Co Interest Coverage Related Terms

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

QuMei Home Furnishings Group Co (SHSE:603818) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » QuMei Home Furnishings Group Co Ltd (SHSE:603818) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

No. 51, Wangjing North Road, Building 8, Chaoyang District, Beijing, CHN, 100102

Website

http://www.qumei.com

QuMei Home Furnishings Group Co Ltd is mainly engaged in the design, production, and sales of medium and high-end civilian furniture and supporting household products, providing consumers with a whole home. It offers wooden furniture including solid wood furniture, man-made board furniture, and integrated furniture. Its products are divided into custom furniture, finished furniture and home accessories by category, divided into solid wood and board wood according to materials.

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