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FDG Electric Vehicles (FDG Electric Vehicles) Interest Coverage : 0 (At Loss) (As of Sep. 2019)


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What is FDG Electric Vehicles 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. FDG Electric Vehicles's Operating Income for the six months ended in Sep. 2019 was $-35.57 Mil. FDG Electric Vehicles's Interest Expense for the six months ended in Sep. 2019 was $-25.50 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 FDG Electric Vehicles's Interest Coverage or its related term are showing as below:


CAOHF's Interest Coverage is not ranked *
in the Vehicles & Parts industry.
Industry Median: 7.73
* 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.


FDG Electric Vehicles Interest Coverage Historical Data

The historical data trend for FDG Electric Vehicles'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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FDG Electric Vehicles Interest Coverage Chart

FDG Electric Vehicles Annual Data
Trend Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19
Interest Coverage
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FDG Electric Vehicles Semi-Annual Data
Mar10 Sep10 Mar11 Sep11 Mar12 Sep12 Mar13 Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19
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Competitive Comparison of FDG Electric Vehicles's Interest Coverage

For the Auto Parts subindustry, FDG Electric Vehicles'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.


FDG Electric Vehicles's Interest Coverage Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, FDG Electric Vehicles's Interest Coverage distribution charts can be found below:

* The bar in red indicates where FDG Electric Vehicles's Interest Coverage falls into.



FDG Electric Vehicles 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.

FDG Electric Vehicles's Interest Coverage for the fiscal year that ended in Mar. 2019 is calculated as

Here, for the fiscal year that ended in Mar. 2019, FDG Electric Vehicles's Interest Expense was $-45.03 Mil. Its Operating Income was $-103.36 Mil. And its Long-Term Debt & Capital Lease Obligation was $319.51 Mil.

FDG Electric Vehicles did not have earnings to cover the interest expense.

FDG Electric Vehicles's Interest Coverage for the quarter that ended in Sep. 2019 is calculated as

Here, for the six months ended in Sep. 2019, FDG Electric Vehicles's Interest Expense was $-25.50 Mil. Its Operating Income was $-35.57 Mil. And its Long-Term Debt & Capital Lease Obligation was $274.34 Mil.

FDG Electric Vehicles 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.


FDG Electric Vehicles  (OTCPK:CAOHF) 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 .


FDG Electric Vehicles Interest Coverage Related Terms

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


FDG Electric Vehicles (FDG Electric Vehicles) Business Description

Traded in Other Exchanges
N/A
Address
26 Harbour Road, Rooms 3001-3005, 30th Floor, China Resources Building, Wanchai, Hong Kong, HKG
FDG Electric Vehicles Ltd is a Hong Kong-based investment holding company principally engaged in the production and distribution of new energy electric vehicles and their core components. The group is principally engaged in research and development, production and sale of lithium-ion batteries and related products. In addition, it is also engaged in vehicle design, manufacture and sale of electric vehicles, leasing of electric vehicles. The company derives the majority of its revenue from selling lithium-ion batteries in China.

FDG Electric Vehicles (FDG Electric Vehicles) Headlines

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