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Grand Fortune High Grade (LSE:GFHG) Interest Coverage : 0 (At Loss) (As of Oct. 2023)


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What is Grand Fortune High Grade 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. Grand Fortune High Grade's Operating Income for the six months ended in Oct. 2023 was £-0.36 Mil. Grand Fortune High Grade's Interest Expense for the six months ended in Oct. 2023 was £-0.00 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 Grand Fortune High Grade's Interest Coverage or its related term are showing as below:


LSE:GFHG's Interest Coverage is not ranked *
in the Education industry.
Industry Median: 15.25
* 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.

Grand Fortune High Grade Interest Coverage Historical Data

The historical data trend for Grand Fortune High Grade'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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Grand Fortune High Grade Interest Coverage Chart

Grand Fortune High Grade Annual Data
Trend Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Interest Coverage
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Grand Fortune High Grade Semi-Annual Data
Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
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Competitive Comparison of Grand Fortune High Grade's Interest Coverage

For the Education & Training Services subindustry, Grand Fortune High Grade'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.

Grand Fortune High Grade's Interest Coverage Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Grand Fortune High Grade's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Grand Fortune High Grade's Interest Coverage falls into.


Grand Fortune High Grade 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.

Grand Fortune High Grade's Interest Coverage for the fiscal year that ended in Apr. 2023 is calculated as

Here, for the fiscal year that ended in Apr. 2023, Grand Fortune High Grade's Interest Expense was £-0.00 Mil. Its Operating Income was £-0.37 Mil. And its Long-Term Debt & Capital Lease Obligation was £0.00 Mil.

Grand Fortune High Grade did not have earnings to cover the interest expense.

Grand Fortune High Grade's Interest Coverage for the quarter that ended in Oct. 2023 is calculated as

Here, for the six months ended in Oct. 2023, Grand Fortune High Grade's Interest Expense was £-0.00 Mil. Its Operating Income was £-0.36 Mil. And its Long-Term Debt & Capital Lease Obligation was £0.00 Mil.

Grand Fortune High Grade 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.

Grand Fortune High Grade  (LSE:GFHG) 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 .

Grand Fortune High Grade Interest Coverage Related Terms

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

Grand Fortune High Grade (LSE:GFHG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Grand Fortune High Grade Ltd (LSE:GFHG) » Definitions » Interest Coverage
Comparable Companies
BOM:501370 BOM:532019 OSTO:APRNDR HKSE:08417 HKSE:08160 BOM:533540 ISX:IDEA LEAI HKSE:08363 BOM:534312
Traded in Other Exchanges
N/A
Address
No. 2193 Guangyuan East, Room No. 1805, Times New World Center, Tianhe District, Guangdong Province, Guangzhou, CHN
Website
http://www.gf-hg.com
Grand Fortune High Grade Ltd provides financial training, corporate training, and professional qualification courses. The company is focused on development, by organic growth, it's a financial training business to satisfy the significant demand for financial sector specialists. The firm operates in a single segment namely the Development and operation of financial training courses in China.

Grand Fortune High Grade (LSE:GFHG) Headlines

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