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Fullwealth International Group Holdings (HKSE:01034) Interest Coverage : 0 (At Loss) (As of Jun. 2023)


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What is Fullwealth International Group 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. Fullwealth International Group Holdings's Operating Income for the six months ended in Jun. 2023 was HK$-37.3 Mil. Fullwealth International Group Holdings's Interest Expense for the six months ended in Jun. 2023 was HK$-0.0 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. Fullwealth International Group Holdings Ltd has enough cash to cover all of its debt. Its financial situation is stable.

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

HKSE:01034' s Interest Coverage Range Over the Past 10 Years
Min: 20.27   Med: 955.52   Max: 5639.33
Current: 286.52


HKSE:01034's Interest Coverage is not ranked
in the Construction industry.
Industry Median: 7.03 vs HKSE:01034: 286.52

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


Fullwealth International Group Holdings Interest Coverage Historical Data

The historical data trend for Fullwealth International Group 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.

Fullwealth International Group Holdings Interest Coverage Chart

Fullwealth International Group Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Interest Coverage
Get a 7-Day Free Trial 20.27 - - 724.33 1,529.27

Fullwealth International Group Holdings Semi-Annual Data
Dec15 Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 236.90 1,440.55 1,065.10 1,890.30 -

Competitive Comparison of Fullwealth International Group Holdings's Interest Coverage

For the Engineering & Construction subindustry, Fullwealth International Group 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.


Fullwealth International Group Holdings's Interest Coverage Distribution in the Construction Industry

For the Construction industry and Industrials sector, Fullwealth International Group Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Fullwealth International Group Holdings's Interest Coverage falls into.



Fullwealth International Group 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.

Fullwealth International Group Holdings's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, Fullwealth International Group Holdings's Interest Expense was HK$-0.0 Mil. Its Operating Income was HK$73.4 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$0.3 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2022 )/Interest Expense (A: Dec. 2022 )
=-1*73.405/-0.048
=1,529.27

Fullwealth International Group Holdings's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Here, for the six months ended in Jun. 2023, Fullwealth International Group Holdings's Interest Expense was HK$-0.0 Mil. Its Operating Income was HK$-37.3 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$0.6 Mil.

Fullwealth International Group Holdings 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.


Fullwealth International Group Holdings  (HKSE:01034) 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 .


Fullwealth International Group Holdings Interest Coverage Related Terms

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


Fullwealth International Group Holdings (HKSE:01034) Business Description

Traded in Other Exchanges
N/A
Address
322 Des Voeux Road Central, Room 2202, 22nd Floor, West Exchange Tower, Sheung Wan, Hong Kong, HKG
Fullwealth International Group Holdings Ltd is engaged in civil engineering, building, and other works in Hong Kong and education and training business related to performing arts and culture in China. It has two operating segments that include Civil engineering, building, and other works segment which engages in the provision of civil engineering, building, and other works to contract customers; and the Entertainment education business segment engages in the provision of education and training courses related to performing arts services. Geographically company generates the majority of its revenue from Hong Kong.
Executives
Victory Way Global Company Limited 2101 Beneficial owner
Liu Xin Yi 2201 Interest of corporation controlled by you

Fullwealth International Group Holdings (HKSE:01034) Headlines

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