Kingkey Financial International (Holdings) (HKSE:01468) Interest Coverage : 0 (At Loss) (As of Sep. 2023)

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What is Kingkey Financial International (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. Kingkey Financial International (Holdings)'s Operating Income for the six months ended in Sep. 2023 was HK$-61.9 Mil. Kingkey Financial International (Holdings)'s Interest Expense for the six months ended in Sep. 2023 was HK$-6.4 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 Kingkey Financial International (Holdings)'s Interest Coverage or its related term are showing as below:

HKSE:01468's Interest Coverage is not ranked ^*
in the Conglomerates industry.
Industry Median: 5.115
* 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.

Kingkey Financial International (Holdings) Interest Coverage Historical Data

The historical data trend for Kingkey Financial International (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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Kingkey Financial International (Holdings) Interest Coverage Chart

Kingkey Financial International (Holdings) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

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0.02

Kingkey Financial International (Holdings) Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Coverage	Get a 7-Day Free Trial															0.12	-	1.78	-	-

Competitive Comparison of Kingkey Financial International (Holdings)'s Interest Coverage

For the Conglomerates subindustry, Kingkey Financial International (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.

Kingkey Financial International (Holdings)'s Interest Coverage Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Kingkey Financial International (Holdings)'s Interest Coverage distribution charts can be found below:

* The bar in red indicates where Kingkey Financial International (Holdings)'s Interest Coverage falls into.

Kingkey Financial International (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.

Kingkey Financial International (Holdings)'s Interest Coverage for the fiscal year that ended in Mar. 2023 is calculated as

Here, for the fiscal year that ended in Mar. 2023, Kingkey Financial International (Holdings)'s Interest Expense was HK$-14.6 Mil. Its Operating Income was HK$-44.1 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$40.0 Mil.

Kingkey Financial International (Holdings) did not have earnings to cover the interest expense.

Kingkey Financial International (Holdings)'s Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the six months ended in Sep. 2023, Kingkey Financial International (Holdings)'s Interest Expense was HK$-6.4 Mil. Its Operating Income was HK$-61.9 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$35.7 Mil.

Kingkey Financial International (Holdings) did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's Financial Strength is.

Kingkey Financial International (Holdings) (HKSE:01468) 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 .

Kingkey Financial International (Holdings) Interest Coverage Related Terms

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

Kingkey Financial International (Holdings) (HKSE:01468) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Kingkey Financial International (Holdings) Ltd (HKSE:01468) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Hok Cheung Street, Hunghom, 902, Harbour Centre, Tower 2, Kowloon, Hong Kong, HKG

Website

https://www.kkgroup.com.hk

Kingkey Financial International (Holdings) Ltd is engaged in the trade of fur skins, fur skins brokerage, mink farming, provision of securities brokerage services, and provision of wealth management services. The operating segments are Securities which involves the operation of securities brokerage, margin financing, underwriting, placing and consultancy services; Insurance brokerage which includes the provision of insurance brokerage and wealth management services; Fur comprising the provision of breeding, farming and sale of livestock and pelted skin, fur skin brokerage and financing services, Asset Management engaged in provision and arrangement of fund management services and assets management services, and Money lending engaged in provision and arrangement of money lending services.

Executives

Kingkey Holdings (international) Limited	2101 Beneficial owner
Chen Jiajun	2201 Interest of corporation controlled by you
Great Return Group Limited	2101 Beneficial owner
East Treasure Enterprises Corporation	2201 Interest of corporation controlled by you
Fong Chu Pong	2201 Interest of corporation controlled by you
Eternity Star Development Limited	2201 Interest of corporation controlled by you
Renhe Holdings Limited	2201 Interest of corporation controlled by you
Chen Jiajun	2201 Interest of corporation controlled by you
Chang Tat Joel	2201 Interest of corporation controlled by you
Lee Cho Man Joe	2201 Interest of corporation controlled by you

Kingkey Financial International (Holdings) (HKSE:01468) Headlines

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