Fulu Holdings (HKSE:02101) Interest Coverage : 35.81 (As of Dec. 2023)

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What is Fulu 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. Fulu Holdings's Operating Income for the six months ended in Dec. 2023 was HK$79.4 Mil. Fulu Holdings's Interest Expense for the six months ended in Dec. 2023 was HK$-2.2 Mil. Fulu Holdings's interest coverage for the quarter that ended in Dec. 2023 was 35.81. The higher the ratio, the stronger the company's financial strength is.

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

HKSE:02101' s Interest Coverage Range Over the Past 10 Years
Min: 11.14 Med: 23.77 Max: 113.62
Current: 29.66

HKSE:02101's Interest Coverage is ranked better than
74.41% of 762 companies
in the Retail - Cyclical industry
Industry Median: 7.85 vs HKSE:02101: 29.66

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

Fulu Holdings Interest Coverage Historical Data

The historical data trend for Fulu 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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Fulu Holdings Interest Coverage Chart

Fulu Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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12.05

23.10

113.62

59.18

29.66

Fulu Holdings Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial							13.82	37.00	70.90	21.51	35.81

Competitive Comparison of Fulu Holdings's Interest Coverage

For the Internet Retail subindustry, Fulu 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.

Fulu Holdings's Interest Coverage Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Fulu Holdings's Interest Coverage distribution charts can be found below:

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

Fulu 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.

Fulu Holdings's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Fulu Holdings's Interest Expense was HK$-3.9 Mil. Its Operating Income was HK$115.4 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$5.4 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	115.43	/	-3.892
	=	29.66

Fulu Holdings's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Fulu Holdings's Interest Expense was HK$-2.2 Mil. Its Operating Income was HK$79.4 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$5.4 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	79.393	/	-2.217
	=	35.81

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

Fulu Holdings (HKSE:02101) 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 .

Fulu Holdings Interest Coverage Related Terms

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

Fulu Holdings (HKSE:02101) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Fulu Holdings Ltd (HKSE:02101) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 77, Guanggu Avenue, 2nd Floor, Building B2, Optics Valley Financial Port, East Lake High-tech Development Zone, Hubei Province, Wuhan, CHN

Website

https://www.fulu.com

Fulu Holdings Ltd is a third-party virtual goods and services platform operator in China. Its platform connects virtual goods vendors and virtual goods sales channels. It serves virtual goods vendors, covering leisure and entertainment, games, telecommunications, and lifestyle services, providing virtual goods vendors with access to a variety of sales channels, such as e-commerce and online payment platforms. It generates revenues from providing business-to-business services to virtual goods vendors and sales channels, including facilitating virtual goods transactions between virtual goods vendors and virtual goods sales channels and providing value-added services. It generates revenue from four business segments: leisure and entertainment; games; telecommunications; and lifestyle.

Executives

Xu Jian	2201 Interest of corporation controlled by you
Luzhi Holdings Limited	2101 Beneficial owner
Fu Xi	2307 Founder of a discretionary trust who can infl
Zhang Yuguo	2101 Beneficial owner
Fuxi Limited	2201 Interest of corporation controlled by you
Zhangyuguo Holdings Limited	2101 Beneficial owner

Fulu Holdings (HKSE:02101) Headlines

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