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AInnovation Technology Group Co (HKSE:02121) Interest Coverage : 0 (At Loss) (As of Dec. 2024)


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What is AInnovation Technology Group Co 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. AInnovation Technology Group Co's Operating Income for the six months ended in Dec. 2024 was HK$-260 Mil. AInnovation Technology Group Co's Interest Expense for the six months ended in Dec. 2024 was HK$-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 AInnovation Technology Group Co's Interest Coverage or its related term are showing as below:


HKSE:02121's Interest Coverage is not ranked *
in the Software industry.
Industry Median: 26.06
* 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.


AInnovation Technology Group Co Interest Coverage Historical Data

The historical data trend for AInnovation Technology Group Co'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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AInnovation Technology Group Co Interest Coverage Chart

AInnovation Technology Group Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Interest Coverage
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AInnovation Technology Group Co Semi-Annual Data
Dec18 Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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Competitive Comparison of AInnovation Technology Group Co's Interest Coverage

For the Software - Infrastructure subindustry, AInnovation Technology Group Co'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.


AInnovation Technology Group Co's Interest Coverage Distribution in the Software Industry

For the Software industry and Technology sector, AInnovation Technology Group Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where AInnovation Technology Group Co's Interest Coverage falls into.


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AInnovation Technology Group Co 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.

AInnovation Technology Group Co's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, AInnovation Technology Group Co's Interest Expense was HK$-8 Mil. Its Operating Income was HK$-374 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$36 Mil.

AInnovation Technology Group Co did not have earnings to cover the interest expense.

AInnovation Technology Group Co's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the six months ended in Dec. 2024, AInnovation Technology Group Co's Interest Expense was HK$-4 Mil. Its Operating Income was HK$-260 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$36 Mil.

AInnovation Technology Group Co 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.


AInnovation Technology Group Co  (HKSE:02121) 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 .


AInnovation Technology Group Co Interest Coverage Related Terms

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AInnovation Technology Group Co Business Description

Traded in Other Exchanges
N/A
Address
No. 939 Zhenwu Road, Room 501, Block A, Haier International Plaza, Economic Development Zone, Jimo District, Qingdao, Shandong, CHN
AInnovation Technology Group Co Ltd mainly conducts research and development of artificial intelligence technologies and provides artificial intelligence-based software and hardware technology solutions services. The revenue of the Group is principally derived from artificial intelligence products and services. Geographically, the company generates all of its revenue in the PRC. The company also generates a small amount of revenue from the Services of data solutions.
Executives
Xu Hui
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