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Yixin Group (HKSE:02858) Interest Coverage : 12.54 (As of Dec. 2024)


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What is Yixin Group 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. Yixin Group's Operating Income for the six months ended in Dec. 2024 was HK$652 Mil. Yixin Group's Interest Expense for the six months ended in Dec. 2024 was HK$-52 Mil. Yixin Group's interest coverage for the quarter that ended in Dec. 2024 was 12.54. The higher the ratio, the stronger the company's financial strength is.

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

HKSE:02858' s Interest Coverage Range Over the Past 10 Years
Min: 3.36   Med: 11.52   Max: 15.58
Current: 11.01


HKSE:02858's Interest Coverage is ranked worse than
70.06% of 157 companies
in the Credit Services industry
Industry Median: 62.55 vs HKSE:02858: 11.01

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


Yixin Group Interest Coverage Historical Data

The historical data trend for Yixin Group'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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Yixin Group Interest Coverage Chart

Yixin Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 3.36 7.77 11.02

Yixin Group Semi-Annual Data
Dec14 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.51 7.14 8.34 9.58 12.54

Competitive Comparison of Yixin Group's Interest Coverage

For the Credit Services subindustry, Yixin Group'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.


Yixin Group's Interest Coverage Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Yixin Group's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Yixin Group's Interest Coverage falls into.


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Yixin Group 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.

Yixin Group'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, Yixin Group's Interest Expense was HK$-107 Mil. Its Operating Income was HK$1,177 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$13,731 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2024 )/Interest Expense (A: Dec. 2024 )
=-1*1176.677/-106.794
=11.02

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

Here, for the six months ended in Dec. 2024, Yixin Group's Interest Expense was HK$-52 Mil. Its Operating Income was HK$652 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$13,731 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2024 )/Interest Expense (Q: Dec. 2024 )
=-1*651.582/-51.971
=12.54

* 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.


Yixin Group  (HKSE:02858) 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 .


Yixin Group Interest Coverage Related Terms

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


Yixin Group Business Description

Traded in Other Exchanges
Address
No. 365 Linhong Road, 1 North, Zhongguancun Hongqiao Innovation Center, Changning District, Shanghai, CHN
Yixin Group Ltd is an online automobile finance transaction platform in China. The company operates in two segments namely Transaction platform services and Self-operated financing business. The transaction platform segment is comprised of facilitation of auto loans to consumers offered by its auto finance partners. Self-operated financing segment comprises of auto finance solutions through financing leases. The company generates a majority of its revenue from the Transaction Platform segment.
Executives
Zhang Xuan 2101 Beneficial owner
Tsang Ling Kay Rodney 2501 Other
Tencent Holdings Limited 2201 Interest of corporation controlled by you
Prosper Rich Investments Limited 2101 Beneficial owner
Leung Lisa 2201 Interest of corporation controlled by you
Cheung Siu Fai 2201 Interest of corporation controlled by you
Jd.com Investment Limited 2201 Interest of corporation controlled by you
Jd.com, Inc. 2201 Interest of corporation controlled by you
Liu Qiangdong Richard 2305 Beneficiary of a trust
Max Smart Limited 2201 Interest of corporation controlled by you
Jd Financial Investment Limited 2101 Beneficial owner
Ubs Trustees (b.v.i.) Limited 2301 Trustee
Hammer Capital Opportunities General Partner 2201 Interest of corporation controlled by you
Cheng Chi Kong 2201 Interest of corporation controlled by you
Woodbury Capital Management Limited 2201 Interest of corporation controlled by you

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