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PhoneX Holdings (PhoneX Holdings) Interest Coverage : 0 (At Loss) (As of Dec. 2018)


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What is PhoneX 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. PhoneX Holdings's Operating Income for the three months ended in Dec. 2018 was $-0.60 Mil. PhoneX Holdings's Interest Expense for the three months ended in Dec. 2018 was $-0.66 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 PhoneX Holdings's Interest Coverage or its related term are showing as below:


PXHI's Interest Coverage is not ranked *
in the Retail - Cyclical industry.
Industry Median: 7.81
* 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.


PhoneX Holdings Interest Coverage Historical Data

The historical data trend for PhoneX 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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PhoneX Holdings Interest Coverage Chart

PhoneX Holdings Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Interest Coverage
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PhoneX Holdings Quarterly Data
Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18
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Competitive Comparison of PhoneX Holdings's Interest Coverage

For the Internet Retail subindustry, PhoneX 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.


PhoneX Holdings's Interest Coverage Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, PhoneX Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where PhoneX Holdings's Interest Coverage falls into.



PhoneX 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.

PhoneX Holdings's Interest Coverage for the fiscal year that ended in Dec. 2018 is calculated as

Here, for the fiscal year that ended in Dec. 2018, PhoneX Holdings's Interest Expense was $-1.81 Mil. Its Operating Income was $-3.29 Mil. And its Long-Term Debt & Capital Lease Obligation was $5.74 Mil.

PhoneX Holdings did not have earnings to cover the interest expense.

PhoneX Holdings's Interest Coverage for the quarter that ended in Dec. 2018 is calculated as

Here, for the three months ended in Dec. 2018, PhoneX Holdings's Interest Expense was $-0.66 Mil. Its Operating Income was $-0.60 Mil. And its Long-Term Debt & Capital Lease Obligation was $5.74 Mil.

PhoneX Holdings 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.


PhoneX Holdings  (OTCPK:PXHI) 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 .


PhoneX Holdings Interest Coverage Related Terms

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


PhoneX Holdings (PhoneX Holdings) Business Description

Traded in Other Exchanges
N/A
Address
150 Executive Dr, Suite Q, Edgewood, NY, USA, 11717
PhoneX Holdings Inc is a technology-based company engaged in creating an online marketplace for used smartphones. It operates through an e-commerce website-based service and a wholly-owned subsidiary. The web portal includes saleable items such as iPhones, iPods, tablets and other electronic devices. It derives revenue either by taking possession of devices and selling these devices for a premium or by facilitating transactions between buyers and sellers and collecting a commission.
Executives
Piton Capital Partners Llc 10 percent owner C/O NORTH BAY ASSOCIATES, 14000 QUAIL SPRINGS PARKWAY, SUITE 2200, OKLAHOMA CITY OK 73134
Daniel Brauser director 171 MADISON AVENUE, 17TH FLOOR, NEW YORK NY 10016
Leslie J Schreyer 10 percent owner C/O NORTON ROSE FULBRIGHT US LLP, 1301 AVENUE OF THE AMERICAS, NEW YORK NY 10019
Cornice Fiduciary Management Llc 10 percent owner C/O WILLOW STREET GROUP, LLC, 270 W. PEARL AVENUE, SUITE 104, JACKSON WY 83001
Peter Benz director 171 MADISON AVE., 17 FL.,, NEW YORK NY 10016
Grant Fitzwilliam director 171 MADISON AVE., 17 FL.,, NEW YORK NY 10016
Robert M Averick 10 percent owner KOKINO LLC, 201 TRESSER BOULEVARD, 3RD FLOOR, STAMFORD CT 06901
Perlus Microcap Fund L.p. 10 percent owner CRICKET SQUARE, HUTCHINS DRIVE, P.O. BOX 268, GRAND CAYMAN E9 KY1-1111
Michael Brauser director, 10 percent owner 4400 BISCAYNE BLVD., SUITE 850, MIAMI FL 33137
M3c Holdings Llc 10 percent owner C/O NORTH BAY ASSOCIATES, 14000 QUAIL SPRINGS PARKWAY, OKLAHOMA CITY OK 73134
Charles Pearlman director 1 EAST BROWARD BLVD., FORT LAUDERDALE FL 33301
Todd Oretsky 10 percent owner, other: See Remarks 330 SW 2ND STREET, SUITE 209, FORT LAUDERDALE FL 33312