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Fortune Capital Financial Holding (Fortune Capital Financial Holding) Interest Coverage : No Debt (1) (As of Sep. 2015)


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What is Fortune Capital 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. Fortune Capital Financial Holding's Operating Income for the three months ended in Sep. 2015 was $-0.00 Mil. Fortune Capital Financial Holding's Interest Expense for the three months ended in Sep. 2015 was $0.00 Mil. Fortune Capital Financial Holding has no debt. The higher the ratio, the stronger the company's financial strength is.

(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 Fortune Capital Financial Holding's Interest Coverage or its related term are showing as below:


FQJK's Interest Coverage is not ranked *
in the Conglomerates industry.
Industry Median: 5.03
* 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.


Fortune Capital Financial Holding Interest Coverage Historical Data

The historical data trend for Fortune Capital 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.

* Premium members only.

Fortune Capital Financial Holding Interest Coverage Chart

Fortune Capital Financial Holding Annual Data
Trend Dec12 Dec13 Dec14
Interest Coverage
No Debt No Debt No Debt

Fortune Capital Financial Holding Quarterly Data
Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of Fortune Capital Financial Holding's Interest Coverage

For the Conglomerates subindustry, Fortune Capital 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.


Fortune Capital Financial Holding's Interest Coverage Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Fortune Capital Financial Holding's Interest Coverage distribution charts can be found below:

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



Fortune Capital 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.

Fortune Capital Financial Holding's Interest Coverage for the fiscal year that ended in Dec. 2014 is calculated as

Here, for the fiscal year that ended in Dec. 2014, Fortune Capital Financial Holding's Interest Expense was $0.00 Mil. Its Operating Income was $-0.03 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Fortune Capital Financial Holding had no debt (1).

Fortune Capital Financial Holding's Interest Coverage for the quarter that ended in Sep. 2015 is calculated as

Here, for the three months ended in Sep. 2015, Fortune Capital Financial Holding'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.

Fortune Capital Financial Holding 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.


Fortune Capital Financial Holding  (OTCPK:FQJK) 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 .


Fortune Capital Financial Holding Interest Coverage Related Terms

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Fortune Capital Financial Holding (Fortune Capital Financial Holding) Business Description

Traded in Other Exchanges
N/A
Address
Website
Fortune Capital Financial Holding Corp is a development-stage company, focused primarily on the development of its business and making connections in the special event planning industry. Their objective is to offer an array of services, such as photographers, caterers, disc jockey's, bar services and other special event services. In addition, it also acts as a consultant and a party planner for someone looking to host a special event at a catering hall or their primary residence. Geographically the company operates through the United States.

Fortune Capital Financial Holding (Fortune Capital Financial Holding) Headlines

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