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V & V Technology Holdings (HKSE:08113) Interest Coverage : No Debt (1) (As of Dec. 2024)


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What is V & V Technology 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. V & V Technology Holdings's Operating Income for the three months ended in Dec. 2024 was HK$0.0 Mil. V & V Technology Holdings's Interest Expense for the three months ended in Dec. 2024 was HK$0.0 Mil. V & V Technology Holdings has no debt. The higher the ratio, the stronger the company's financial strength is.

(1) 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.

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


HKSE:08113's Interest Coverage is not ranked *
in the Hardware industry.
Industry Median: 13.13
* 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.


V & V Technology Holdings Interest Coverage Historical Data

The historical data trend for V & V Technology 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.

V & V Technology Holdings Interest Coverage Chart

V & V Technology Holdings 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 13.28 - - 1.18 0.30

V & V Technology Holdings Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 5.10 0.85 - No Debt No Debt

Competitive Comparison of V & V Technology Holdings's Interest Coverage

For the Electronic Components subindustry, V & V Technology 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.


V & V Technology Holdings's Interest Coverage Distribution in the Hardware Industry

For the Hardware industry and Technology sector, V & V Technology Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where V & V Technology Holdings's Interest Coverage falls into.


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V & V Technology 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.

V & V Technology Holdings'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, V & V Technology Holdings's Interest Expense was HK$-9.7 Mil. Its Operating Income was HK$2.9 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$0.0 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2024 )/Interest Expense (A: Dec. 2024 )
=-1*2.941/-9.684
=0.30

V & V Technology Holdings's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the three months ended in Dec. 2024, V & V Technology Holdings's Interest Expense was HK$0.0 Mil. Its Operating Income was HK$0.0 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$0.0 Mil.

V & V Technology Holdings had no debt (1).

* 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.


V & V Technology Holdings  (HKSE:08113) 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 .


V & V Technology Holdings Interest Coverage Related Terms

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


V & V Technology Holdings Business Description

Traded in Other Exchanges
N/A
Address
55 Lei Muk Road, 15 Floor, S.A.S. Tower, Kwai Chung, New Territories, Hong Kong, HKG
V & V Technology Holdings Ltd is engaged in the sale of electronic components like integrated circuit (IC) and panels for consumer electronic products such as mobile internet devices (MID), network communication system (NCS), multi-media player (car infotainment system), smartphone panel modules, set-top boxes (STB) and video image device tog. The company has one business segment that is the Sale of electronics products with the provision of independent design house services. Geographically, the group has a business presence in the PRC, Hong Kong, Taiwan, Korea, and other countries, of which key revenue is derived from the PRC.
Executives
S.a.s. Dragon Holdings Limited 2501 Other
S.a.s. Investment Company Limited 2101 Beneficial owner
Unimicro Limited 2501 Other
Yim Yuk Lun, Stanley 2201 Interest of corporation controlled by you
Wei Wei 2101 Beneficial owner
Vertex Value Limited 2101 Beneficial owner
Victory Echo Holdings Limited 2101 Beneficial owner
Chang Wei Hua 2101 Beneficial owner

V & V Technology Holdings Headlines

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