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ACC Aviation Holdings (ACC Aviation Holdings) Interest Coverage : No Debt (1) (As of Sep. 2023)


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What is ACC Aviation 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. ACC Aviation Holdings's Operating Income for the three months ended in Sep. 2023 was $0.00 Mil. ACC Aviation Holdings's Interest Expense for the three months ended in Sep. 2023 was $0.00 Mil. ACC Aviation Holdings has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

ACC Aviation Holdings Ltd has no debt.

(1) 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.

The historical rank and industry rank for ACC Aviation Holdings's Interest Coverage or its related term are showing as below:

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


CAVG's Interest Coverage is ranked better than
99.75% of 396 companies
in the Diversified Financial Services industry
Industry Median: No Debt vs CAVG: No Debt

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


ACC Aviation Holdings Interest Coverage Historical Data

The historical data trend for ACC Aviation 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.

* Premium members only.

ACC Aviation Holdings Interest Coverage Chart

ACC Aviation Holdings Annual Data
Trend Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec17 Dec18 Dec19
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only No Debt - - No Debt -

ACC Aviation Holdings Quarterly Data
Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Sep22 Sep23
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 Premium Member Only Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of ACC Aviation Holdings's Interest Coverage

For the Shell Companies subindustry, ACC Aviation 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.


ACC Aviation Holdings's Interest Coverage Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, ACC Aviation Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where ACC Aviation Holdings's Interest Coverage falls into.



ACC Aviation 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.

ACC Aviation Holdings's Interest Coverage for the fiscal year that ended in Dec. 2019 is calculated as

Here, for the fiscal year that ended in Dec. 2019, ACC Aviation Holdings's Interest Expense was $-0.01 Mil. Its Operating Income was $-2.81 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

ACC Aviation Holdings did not have earnings to cover the interest expense.

ACC Aviation Holdings's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, ACC Aviation Holdings's Interest Expense was $0.00 Mil. Its Operating Income was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

ACC Aviation Holdings had no debt (1).

* 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.


ACC Aviation Holdings  (OTCPK:CAVG) 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 .


ACC Aviation Holdings Interest Coverage Related Terms

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


ACC Aviation Holdings (ACC Aviation Holdings) Business Description

Traded in Other Exchanges
N/A
Address
South Chuangyan Road, Room 303, Science and Technology Incubation Park, Jiangyou Industrial Park, Sichuan Province, Jiangyou, CHN, 90067
ACC Aviation Holdings Ltd currently has no business operations.
Executives
Shai Marco Cohen 10 percent owner 5509 WINDMIER CIRCLE, DALLAS TX 75252
Mnsco, Llc 10 percent owner 1 BEN GURION ST., B.S.R. TOWER 2, BUEI BRAK L3 5120149
Oded Gilboa officer: Chief Financial Officer 23 AKIVA STREET, #14, RAANANA L3 4326103
Michael D Greenfield director P O B 12526, HERZLIYA PILEACH L3 46733
Pete Mateja officer: CEO 207 PIAGET AVENUE, CLIFTON NJ 07011
Joseph Bahat director 2 HABAAL-SHEM-TOV STREET, HERZLIA L3 46342
Jacob Enoch director #4 SHNITZER SHMUEL ST, TEL-AVIV L3 695
Edward Braniff officer: Interim CEO & CFO 207 PIAGET AVENUE, CLIFTON NJ 07011
Jerome Chaney officer: CEO and President 207 PIAGET AVENUE, CLIFTON NJ 07011
Aharon Y Levinas director, officer: Chief Technology Officer 8 04 ARNOT PLACE, FAIR LOAN NJ 07410
Tamir Levinas director 60 12 MAZE STREET, TEL AVIV L3 65789
Robert Lubin director TEL AVIV, TEL AVIV L3 00000
Amir Uziel director, 10 percent owner, officer: President and CEO RISHON LEZION, RISHON LEZION L3 75749
Adam Jacob Somer director, officer: Treasurer 2753 BROADWAY 197, NEW YORK NY 10025
Matthew Haney director 1368 S ALPINE LOOP, PROVO UT 84606

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