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Value Convergence Holdings (Value Convergence Holdings) Interest Coverage : 0 (At Loss) (As of Dec. 2023)


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What is Value Convergence 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. Value Convergence Holdings's Operating Income for the six months ended in Dec. 2023 was $-6.58 Mil. Value Convergence Holdings's Interest Expense for the six months ended in Dec. 2023 was $-0.24 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 Value Convergence Holdings's Interest Coverage or its related term are showing as below:


VCHLF's Interest Coverage is not ranked *
in the Capital Markets industry.
Industry Median: 21.53
* 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.


Value Convergence Holdings Interest Coverage Historical Data

The historical data trend for Value Convergence 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.

* Premium members only.

Value Convergence Holdings Interest Coverage Chart

Value Convergence Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 19.04 - -

Value Convergence Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.53 - - - -

Competitive Comparison of Value Convergence Holdings's Interest Coverage

For the Capital Markets subindustry, Value Convergence 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.


Value Convergence Holdings's Interest Coverage Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Value Convergence Holdings's Interest Coverage distribution charts can be found below:

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



Value Convergence 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.

Value Convergence Holdings'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, Value Convergence Holdings's Interest Expense was $-0.48 Mil. Its Operating Income was $-19.92 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.12 Mil.

Value Convergence Holdings did not have earnings to cover the interest expense.

Value Convergence Holdings's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Value Convergence Holdings's Interest Expense was $-0.24 Mil. Its Operating Income was $-6.58 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.12 Mil.

Value Convergence 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.


Value Convergence Holdings  (OTCPK:VCHLF) 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 .


Value Convergence Holdings Interest Coverage Related Terms

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


Value Convergence Holdings (Value Convergence Holdings) Business Description

Traded in Other Exchanges
Address
181-185 Gloucester Road, 6th Floor, Centre Point, Wanchai, Hong Kong, HKG
Value Convergence Holdings Ltd is a financial services group delivering financial services and products that fulfill various investment and wealth management needs of clients in the Greater China region. The company's operating segments include Brokerage and Financing; Corporate Finance and other Advisory services; Asset Management; Insurance Brokerage; Proprietary Trading; and Digital asset. The majority of its revenue derives from the Brokerage and Financing segment that engages in securities, futures, and options brokering and dealing, provision of margin financing and money lending, and placing and underwriting services.

Value Convergence Holdings (Value Convergence Holdings) Headlines

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