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Coolpoint Innonism Holding (HKSE:08040) Interest Coverage : 0 (At Loss) (As of Sep. 2023)


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What is Coolpoint Innonism Holding 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. Coolpoint Innonism Holding's Operating Income for the three months ended in Sep. 2023 was HK$-1.0 Mil. Coolpoint Innonism Holding's Interest Expense for the three months ended in Sep. 2023 was HK$-0.2 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 Coolpoint Innonism Holding's Interest Coverage or its related term are showing as below:

HKSE:08040' s Interest Coverage Range Over the Past 10 Years
Min: 5.79   Med: 20.33   Max: 49.02
Current: 9.51


HKSE:08040's Interest Coverage is ranked worse than
56.73% of 795 companies
in the Business Services industry
Industry Median: 13.62 vs HKSE:08040: 9.51

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


Coolpoint Innonism Holding Interest Coverage Historical Data

The historical data trend for Coolpoint Innonism Holding'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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Coolpoint Innonism Holding Interest Coverage Chart

Coolpoint Innonism Holding Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Interest Coverage
Get a 7-Day Free Trial 49.02 - - - 5.79

Coolpoint Innonism Holding Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 - 29.08 31.07 - -

Competitive Comparison of Coolpoint Innonism Holding's Interest Coverage

For the Consulting Services subindustry, Coolpoint Innonism Holding'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.


Coolpoint Innonism Holding's Interest Coverage Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Coolpoint Innonism Holding's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Coolpoint Innonism Holding's Interest Coverage falls into.



Coolpoint Innonism Holding 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.

Coolpoint Innonism Holding'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, Coolpoint Innonism Holding's Interest Expense was HK$-0.6 Mil. Its Operating Income was HK$3.3 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$1.8 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2023 )/Interest Expense (A: Mar. 2023 )
=-1*3.335/-0.576
=5.79

Coolpoint Innonism Holding's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, Coolpoint Innonism Holding's Interest Expense was HK$-0.2 Mil. Its Operating Income was HK$-1.0 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$1.6 Mil.

Coolpoint Innonism Holding 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.


Coolpoint Innonism Holding  (HKSE:08040) 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 .


Coolpoint Innonism Holding Interest Coverage Related Terms

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


Coolpoint Innonism Holding (HKSE:08040) Business Description

Traded in Other Exchanges
N/A
Address
63-65 Hung To Road, Room D, 12th Floor, Lucky Factory Building, Kwun Tong, Kowloon, Hong Kong, HKG
Coolpoint Innonism Holding Ltd is principally engaged in the provision of fitting-out, Nano-AM application services and renovation services in Hong Kong. The fitting-out and renovation services of the Group mainly include the provision of interior fitting-out and renovation services for different types of premises in the private sector, including residential apartments and residential dwellings, show flats, clubhouses, sale offices, public areas in residential and commercial buildings, office, shopping malls and shops in Hong Kong. Nano-Am application services include refers to the provision and application of nanophotocatalytic antifouling materials (the "Nano-AM") on various types of repairs and maintenance work for yachts.
Executives
Chen Yi-sung 2101 Beneficial owner
Advance Goal Group Limited 2101 Beneficial owner
Cheng Tsang Fu Dennis 2201 Interest of corporation controlled by you
Cheng Tsang Wai 2201 Interest of corporation controlled by you
Chow Siu Shan Juliana 2202 Interest of your spouse
Liu Lee Lee Lily 2201 Interest of corporation controlled by you

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