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Fu Shek Financial Holdings (HKSE:02263) Interest Coverage : 26.21 (As of Sep. 2024)


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What is Fu Shek Financial 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. Fu Shek Financial Holdings's Operating Income for the six months ended in Sep. 2024 was HK$1.13 Mil. Fu Shek Financial Holdings's Interest Expense for the six months ended in Sep. 2024 was HK$-0.04 Mil. Fu Shek Financial Holdings's interest coverage for the quarter that ended in Sep. 2024 was 26.21. The higher the ratio, the stronger the company's financial strength is.

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

HKSE:02263' s Interest Coverage Range Over the Past 10 Years
Min: 8.22   Med: 71.5   Max: 334.58
Current: 42.75


HKSE:02263's Interest Coverage is ranked better than
55.63% of 453 companies
in the Capital Markets industry
Industry Median: 22.91 vs HKSE:02263: 42.75

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


Fu Shek Financial Holdings Interest Coverage Historical Data

The historical data trend for Fu Shek Financial 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.

Fu Shek Financial Holdings Interest Coverage Chart

Fu Shek Financial Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Coverage
Get a 7-Day Free Trial 16.18 8.22 17.37 18.23 179.98

Fu Shek Financial Holdings Semi-Annual Data
Mar17 Mar18 Mar19 Sep19 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 Premium Member Only Premium Member Only 19.43 16.61 247.54 84.59 26.21

Competitive Comparison of Fu Shek Financial Holdings's Interest Coverage

For the Capital Markets subindustry, Fu Shek Financial 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.


Fu Shek Financial Holdings's Interest Coverage Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Fu Shek Financial Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Fu Shek Financial Holdings's Interest Coverage falls into.


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Fu Shek Financial 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.

Fu Shek Financial 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, Fu Shek Financial Holdings's Interest Expense was HK$-0.04 Mil. Its Operating Income was HK$7.38 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$0.47 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2024 )/Interest Expense (A: Mar. 2024 )
=-1*7.379/-0.041
=179.98

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

Here, for the six months ended in Sep. 2024, Fu Shek Financial Holdings's Interest Expense was HK$-0.04 Mil. Its Operating Income was HK$1.13 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$0.12 Mil.

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*1.127/-0.043
=26.21

* 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.


Fu Shek Financial Holdings  (HKSE:02263) 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 .


Fu Shek Financial Holdings Interest Coverage Related Terms

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Fu Shek Financial Holdings Business Description

Traded in Other Exchanges
N/A
Address
182 Queen’s Road East, 28th Floor, Shun Feng International Centre, Wan Chai, Hong Kong, HKG
Fu Shek Financial Holdings Ltd is a provider of financial services in Hong Kong. The company is engaged in four segments namely; the brokerage services segment; the margin financing services segment; the placing and underwriting services segment; and the asset management services segment. The company derives majority of its revenue from Margin financing services. The company generates all of its revenue from Hong-kong itself.
Executives
Man Chase Holdings Limited 2101 Beneficial owner
Keng Stephen Lee 2201 Interest of corporation controlled by you
Ng Hoi Shuen 2202 Interest of your spouse
Sze Mei Ngar Cindy 2202 Interest of your spouse
Yeung Lai Lai 2201 Interest of corporation controlled by you

Fu Shek Financial Holdings Headlines

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