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FEG Holdings (HKSE:01413) Interest Coverage : 0 (At Loss) (As of Sep. 2024)


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What is FEG 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. FEG Holdings's Operating Income for the six months ended in Sep. 2024 was HK$-2.8 Mil. FEG Holdings's Interest Expense for the six months ended in Sep. 2024 was HK$-0.8 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 FEG Holdings's Interest Coverage or its related term are showing as below:

HKSE:01413' s Interest Coverage Range Over the Past 10 Years
Min: 0.02   Med: 101.57   Max: 236.54
Current: 5


HKSE:01413's Interest Coverage is ranked worse than
59.65% of 1326 companies
in the Construction industry
Industry Median: 7.22 vs HKSE:01413: 5.00

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


FEG Holdings Interest Coverage Historical Data

The historical data trend for FEG 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.

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FEG Holdings Interest Coverage Chart

FEG Holdings Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Coverage
Get a 7-Day Free Trial 236.54 132.68 50.65 0.02 18.22

FEG Holdings Semi-Annual Data
Mar18 Mar19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 8.96 24.35 14.55 -

Competitive Comparison of FEG Holdings's Interest Coverage

For the Engineering & Construction subindustry, FEG 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.


FEG Holdings's Interest Coverage Distribution in the Construction Industry

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

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


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FEG 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.

FEG Holdings's Interest Coverage for the fiscal year that ended in Mar. 2024 is calculated as

Here, for the fiscal year that ended in Mar. 2024, FEG Holdings's Interest Expense was HK$-1.1 Mil. Its Operating Income was HK$20.8 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$2.4 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2024 )/Interest Expense (A: Mar. 2024 )
=-1*20.841/-1.144
=18.22

FEG Holdings's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the six months ended in Sep. 2024, FEG Holdings's Interest Expense was HK$-0.8 Mil. Its Operating Income was HK$-2.8 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$2.0 Mil.

FEG 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.


FEG Holdings  (HKSE:01413) 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 .


FEG Holdings Interest Coverage Related Terms

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


FEG Holdings Business Description

Traded in Other Exchanges
N/A
Address
138 Queen's Road Central, Room 1801, 18th Floor, Wei Xiang Building, Hong Kong, HKG
FEG Holdings Corp Ltd is a foundation works contractor in Hong Kong. The foundation work of the company is mainly comprised of excavation and lateral support, as well as other related projects, including pile cap engineering, underground drainage engineering, and site leveling engineering. The group's operations are located in Hong Kong.
Executives
Arena Investment Management (singapore) Pte Ltd 2102 Investment manager
Arena Investors, Lp 2102 Investment manager
Arena Sg Spv I, Llc 2201 Interest of corporation controlled by you
Tgga, Llc 2101 Beneficial owner
Ubs Group Ag 2201 Interest of corporation controlled by you
Cheung Tung Tsun Billy 2101 Beneficial owner
Illuminati International Artworks Trading Limited 2101 Beneficial owner
Lam Sha Chau 2201 Interest of corporation controlled by you
Ma Wenkui
Lin Tongbing
Kwong Luen Prosperity Limited 2101 Beneficial owner
Kwan Chui Ling 2201 Interest of corporation controlled by you
Yip Kwong Cheung 2201 Interest of corporation controlled by you
Yang Zhenwei

FEG Holdings Headlines

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