Weidai (Weidai) Interest Coverage : N/A (As of Dec. 2021)

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What is Weidai 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. Weidai's Operating Income for the six months ended in Dec. 2021 was $-125.9 Mil. Weidai's Interest Expense for the six months ended in Dec. 2021 was $0.0 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.

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

WEIDY'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.

Weidai Interest Coverage Historical Data

The historical data trend for Weidai'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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Weidai Interest Coverage Chart

Weidai Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Interest Coverage

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128.95

127.36

90.15

Weidai Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21
Interest Coverage	Get a 7-Day Free Trial						23.25	-	No Debt	70.58	N/A

Competitive Comparison of Weidai's Interest Coverage

For the Credit Services subindustry, Weidai'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.

Weidai's Interest Coverage Distribution in the Credit Services Industry

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

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

Weidai 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.

Weidai's Interest Coverage for the fiscal year that ended in Dec. 2021 is calculated as

Here, for the fiscal year that ended in Dec. 2021, Weidai's Interest Expense was $-0.0 Mil. Its Operating Income was $-116.6 Mil. And its Long-Term Debt & Capital Lease Obligation was $2.7 Mil.

Weidai did not have earnings to cover the interest expense.

Weidai's Interest Coverage for the quarter that ended in Dec. 2021 is calculated as

Here, for the six months ended in Dec. 2021, Weidai's Interest Expense was $0.0 Mil. Its Operating Income was $-125.9 Mil. And its Long-Term Debt & Capital Lease Obligation was $2.7 Mil.

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

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

Weidai (OTCPK:WEIDY) 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 .

Weidai Interest Coverage Related Terms

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Weidai (Weidai) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Weidai Ltd (OTCPK:WEIDY) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 668, Jianshe 3rd Road, Hongxin Science and Technology Park, Xiaoshan District, Zhejiang Province, Hangzhou, CHN

Website

https://www.weidai.com.cn

Weidai Ltd is engaged in the online finance marketplace business in the People's Republic of China. The company's platform connects borrowers, the majority of which are small and micro enterprise owners, with both online investors and institutional funding partners. It generates revenue from the service fees charged to borrowers for facilitation and management of loans, and also charge fees to online investors for facilitating their investments via a platform, and the transfer of their investments on its secondary loan market.