FIT Hon Teng (STU:0FJ) Interest Coverage : 1.84 (As of Jun. 2024)

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What is FIT Hon Teng 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. FIT Hon Teng's Operating Income for the six months ended in Jun. 2024 was €69 Mil. FIT Hon Teng's Interest Expense for the six months ended in Jun. 2024 was €-37 Mil. FIT Hon Teng's interest coverage for the quarter that ended in Jun. 2024 was 1.84. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for FIT Hon Teng's Interest Coverage or its related term are showing as below:

STU:0FJ' s Interest Coverage Range Over the Past 10 Years
Min: 3.32 Med: 8.88 Max: 47.1
Current: 3.32

STU:0FJ's Interest Coverage is ranked worse than
80.15% of 1582 companies
in the Hardware industry
Industry Median: 13.475 vs STU:0FJ: 3.32

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

FIT Hon Teng Interest Coverage Historical Data

The historical data trend for FIT Hon Teng'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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FIT Hon Teng Interest Coverage Chart

FIT Hon Teng Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

8.29

7.09

9.40

8.35

3.34

FIT Hon Teng Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Coverage	Get a 7-Day Free Trial												10.44	7.51	1.14	4.94	1.84

Competitive Comparison of FIT Hon Teng's Interest Coverage

For the Electronic Components subindustry, FIT Hon Teng'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.

FIT Hon Teng's Interest Coverage Distribution in the Hardware Industry

For the Hardware industry and Technology sector, FIT Hon Teng's Interest Coverage distribution charts can be found below:

* The bar in red indicates where FIT Hon Teng's Interest Coverage falls into.

FIT Hon Teng 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.

FIT Hon Teng's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, FIT Hon Teng's Interest Expense was €-58 Mil. Its Operating Income was €194 Mil. And its Long-Term Debt & Capital Lease Obligation was €38 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	193.839	/	-58.108
	=	3.34

FIT Hon Teng's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Here, for the six months ended in Jun. 2024, FIT Hon Teng's Interest Expense was €-37 Mil. Its Operating Income was €69 Mil. And its Long-Term Debt & Capital Lease Obligation was €592 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	68.504	/	-37.18
	=	1.84

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

FIT Hon Teng (STU:0FJ) 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 .

FIT Hon Teng Interest Coverage Related Terms

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

FIT Hon Teng Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » FIT Hon Teng Ltd (STU:0FJ) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

FITGF:USA 06088:Hong Kong

Address

66-1, Chungshan Road, Tucheng District, New Taipei Ciy, TWN, 23680

Website

https://www.fit-foxconn.com

FIT Hon Teng Ltd is a manufacturer of electronic components. It focuses on the development, manufacturing, and marketing of electronic and optoelectronic connectors, antennas, acoustic components, cables, and modules for applications in computers, communication equipment, consumer electronics, automobiles, and industrial and green energy field products. Geographically, the group has a business presence in the U.S., the PRC, Taiwan, Hong Kong, the United Kingdom, Singapore, Malaysia, and other countries, of which a majority of revenue is derived from the U.S. Its operating segments are Intermediate products and Consumer products.

FIT Hon Teng Headlines

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