FinVolution Group (FinVolution Group) Interest Coverage : N/A (As of Sep. 2023)

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What is FinVolution Group 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. FinVolution Group's Operating Income for the three months ended in Sep. 2023 was $76 Mil. FinVolution Group's Interest Expense for the three months ended in Sep. 2023 was $0 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. FinVolution Group has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for FinVolution Group's Interest Coverage or its related term are showing as below:

FINV's Interest Coverage is not ranked ^*
in the Credit Services industry.
Industry Median: 69.76
* 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.

FinVolution Group Interest Coverage Historical Data

The historical data trend for FinVolution Group'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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FinVolution Group Interest Coverage Chart

FinVolution Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Coverage

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No Debt

N/A

FinVolution Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Coverage	Get a 7-Day Free Trial															N/A	N/A	N/A	N/A	N/A

Competitive Comparison of FinVolution Group's Interest Coverage

For the Credit Services subindustry, FinVolution Group'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.

FinVolution Group's Interest Coverage Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, FinVolution Group's Interest Coverage distribution charts can be found below:

* The bar in red indicates where FinVolution Group's Interest Coverage falls into.

FinVolution Group 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.

FinVolution Group'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, FinVolution Group's Interest Expense was $0 Mil. Its Operating Income was $361 Mil. And its Long-Term Debt & Capital Lease Obligation was $25 Mil.

GuruFocus does not calculate FinVolution Group's interest coverage with the available data.

FinVolution Group's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, FinVolution Group's Interest Expense was $0 Mil. Its Operating Income was $76 Mil. And its Long-Term Debt & Capital Lease Obligation was $22 Mil.

GuruFocus does not calculate FinVolution Group's interest coverage with the available data.

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

FinVolution Group (NYSE:FINV) 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 .

FinVolution Group Interest Coverage Related Terms

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FinVolution Group (FinVolution Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » FinVolution Group (NYSE:FINV) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

PP3:Germany

Address

No. 999 Dangui Road, Building G1, Pudong New District, Shanghai, CHN, 201203

Website

https://www.finvgroup.com

FinVolution Group is a provider of online consumer finance in China. It offers various loan products, making financial services available to borrowers anytime, anywhere; designs a loan transaction process, and offers Tailored risk-based pricing. It offers short-term loans to borrowers to meet immediate credit needs while allowing them to gradually establish their credit history through activities on the company's platform. The company provides investors with an opportunity to invest in emerging asset class-consumer loans through a variety of investment options. It generates revenues from fees charged to borrowers. The Group's long-lived assets are located in the PRC and its revenues are derived from within the PRC.