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Foxtron Vehicle Technologies Co (TPE:2258) Interest Coverage : 0 (At Loss) (As of Sep. 2024)


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What is Foxtron Vehicle Technologies Co 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. Foxtron Vehicle Technologies Co's Operating Income for the three months ended in Sep. 2024 was NT$-631 Mil. Foxtron Vehicle Technologies Co's Interest Expense for the three months ended in Sep. 2024 was NT$-2 Mil. did not have earnings to cover the interest expense. 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 Foxtron Vehicle Technologies Co's Interest Coverage or its related term are showing as below:


TPE:2258's Interest Coverage is not ranked *
in the Vehicles & Parts industry.
Industry Median: 7.94
* 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.


Foxtron Vehicle Technologies Co Interest Coverage Historical Data

The historical data trend for Foxtron Vehicle Technologies Co'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.

* Premium members only.

Foxtron Vehicle Technologies Co Interest Coverage Chart

Foxtron Vehicle Technologies Co Annual Data
Trend Dec21 Dec22
Interest Coverage
No Debt No Debt

Foxtron Vehicle Technologies Co Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24 Jun24 Sep24
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Foxtron Vehicle Technologies Co's Interest Coverage

For the Auto Manufacturers subindustry, Foxtron Vehicle Technologies Co'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.


Foxtron Vehicle Technologies Co's Interest Coverage Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Foxtron Vehicle Technologies Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Foxtron Vehicle Technologies Co's Interest Coverage falls into.



Foxtron Vehicle Technologies Co 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.

Foxtron Vehicle Technologies Co'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, Foxtron Vehicle Technologies Co's Interest Expense was NT$0 Mil. Its Operating Income was NT$-1,642 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$0 Mil.

Foxtron Vehicle Technologies Co had no debt (1).

Foxtron Vehicle Technologies Co's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the three months ended in Sep. 2024, Foxtron Vehicle Technologies Co's Interest Expense was NT$-2 Mil. Its Operating Income was NT$-631 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$329 Mil.

Foxtron Vehicle Technologies Co 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.


Foxtron Vehicle Technologies Co  (TPE:2258) 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 .


Foxtron Vehicle Technologies Co Interest Coverage Related Terms

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Foxtron Vehicle Technologies Co Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
No. 26, Baogao Road, 7th floor, Xindian District, New Taipei, TWN
Foxtron Vehicle Technologies Co Ltd is an automobile company. Its principal business activities include Research and development of vehicle parts; and manufacturing and wholesale of vehicle parts and accessories. The services provided by the company are Product planning, styling, Engineering design, Trail production, and vehicle test verification.

Foxtron Vehicle Technologies Co Headlines

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