Food Innovators Holdings (SGX:KYB) Interest Coverage : N/A (As of Feb. 2024)

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What is Food Innovators 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. Food Innovators Holdings's Operating Income for the three months ended in Feb. 2024 was S$0.00 Mil. Food Innovators Holdings's Interest Expense for the three months ended in Feb. 2024 was S$0.00 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.

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

SGX:KYB's Interest Coverage is not ranked ^*
in the Restaurants industry.
Industry Median: 7.26
* 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.

Food Innovators Holdings Interest Coverage Historical Data

The historical data trend for Food Innovators 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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Food Innovators Holdings Interest Coverage Chart

Food Innovators Holdings Annual Data

Trend

Feb22

Feb23

Feb24

Interest Coverage

2.14

0.85

Food Innovators Holdings Quarterly Data
	Feb22	Feb23	Feb24
Interest Coverage	N/A	N/A	N/A

Competitive Comparison of Food Innovators Holdings's Interest Coverage

For the Restaurants subindustry, Food Innovators 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.

Food Innovators Holdings's Interest Coverage Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Food Innovators Holdings's Interest Coverage distribution charts can be found below:

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

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Food Innovators 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.

Food Innovators Holdings's Interest Coverage for the fiscal year that ended in Feb. 2024 is calculated as

Here, for the fiscal year that ended in Feb. 2024, Food Innovators Holdings's Interest Expense was S$-0.78 Mil. Its Operating Income was S$0.66 Mil. And its Long-Term Debt & Capital Lease Obligation was S$27.26 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Feb. 2024 )	/	Interest Expense (A: Feb. 2024 )
	=	-1	*	0.661	/	-0.78
	=	0.85

Food Innovators Holdings's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Here, for the three months ended in Feb. 2024, Food Innovators Holdings's Interest Expense was S$0.00 Mil. Its Operating Income was S$0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was S$27.26 Mil.

GuruFocus does not calculate Food Innovators Holdings's interest coverage with the available data.

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

Food Innovators Holdings (SGX:KYB) 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 .

Food Innovators Holdings Interest Coverage Related Terms

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Food Innovators Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Food Innovators Holdings Ltd (SGX:KYB) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

5-18-11 Nishi-Ikebukuro, Dai-3 Aiwa Building 5th Floor, Toshima-ku, Tokyo, JPN, 171-0021

Website

https://www.fih.sg

Food Innovators Holdings Ltd is a restaurant operator. It establishes, operates and manages restaurants specializing in different types of quality traditional Japanese and Japanese-inspired European cuisines. It is a company engaged in two key business segments: the Restaurant Leasing Subleasing Business, which focuses on matching properties and tenants within the restaurant industry in Japan, and the Food Retail Business. Geographically, it operates restaurants in Japan, Singapore, and Malaysia. Most of the revenue is derived from the Restaurant Leasing Subleasing Business.

Food Innovators Holdings Headlines

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