Zijing International Financial Holdings (HKSE:08340) Interest Coverage : No Debt ⁽¹⁾ (As of Sep. 2023)

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What is Zijing International 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. Zijing International Financial Holdings's Operating Income for the three months ended in Sep. 2023 was HK$-0.56 Mil. Zijing International Financial Holdings's Interest Expense for the three months ended in Sep. 2023 was HK$0.00 Mil. Zijing International Financial 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 Zijing International Financial Holdings's Interest Coverage or its related term are showing as below:

HKSE:08340's Interest Coverage is not ranked ^*
in the Capital Markets industry.
Industry Median: 19.7
* 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.

Zijing International Financial Holdings Interest Coverage Historical Data

The historical data trend for Zijing International 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.

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Zijing International Financial Holdings Interest Coverage Chart

Zijing International Financial Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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60.54

Zijing International Financial Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															N/A	No Debt	N/A	No Debt	No Debt

Competitive Comparison of Zijing International Financial Holdings's Interest Coverage

For the Capital Markets subindustry, Zijing International 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.

Zijing International Financial Holdings's Interest Coverage Distribution in the Capital Markets Industry

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

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

Zijing International 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.

Zijing International Financial Holdings's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, Zijing International Financial Holdings's Interest Expense was HK$-0.31 Mil. Its Operating Income was HK$-6.68 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$4.38 Mil.

Zijing International Financial Holdings did not have earnings to cover the interest expense.

Zijing International Financial Holdings's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, Zijing International Financial Holdings's Interest Expense was HK$0.00 Mil. Its Operating Income was HK$-0.56 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$0.00 Mil.

Zijing International Financial Holdings had no debt ⁽¹⁾.

The higher the ratio, the stronger the company's Financial Strength is.

Zijing International Financial Holdings (HKSE:08340) 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 .

Zijing International Financial Holdings Interest Coverage Related Terms

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

Zijing International Financial Holdings (HKSE:08340) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Zijing International Financial Holdings Ltd (HKSE:08340) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Units 502A, 503 and 503A, 5th Floor Tower 2, Admiralty Centre, No. 18 Harcourt Road, Hong Kong, HKG

Website

https://www.vinco.com.hk

Zijing International Financial Holdings Ltd formerly Vinco Financial Group Ltd along with its subsidiaries provides financial services in Hong Kong. The company provides asset management services ,corporate finance advisory services that include initial public offerings on the Main Board and GEM Board of The Stock Exchange of Hong Kong Ltd, underwriting, and distribution of IPO's shares; corporate finance advisory; mergers and acquisitions; corporate restructuring; arranging loan syndication; and convertible bonds issuance. It provides fundraising for both the equity capital market and the debt market. The majority of the revenue is derived from the provision of Corporate financial advisory services.

Zijing International Financial Holdings (HKSE:08340) Headlines

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Zijing International Financial Holdings (HKSE:08340) Interest Coverage : No Debt (1) (As of Sep. 2023)