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Fortune Valley Treasures Interest Coverage

: 152.00 (As of Sep. 2021)
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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. Fortune Valley Treasures's Operating Income for the three months ended in Sep. 2021 was $0.61 Mil. Fortune Valley Treasures's Interest Expense for the three months ended in Sep. 2021 was $-0.00 Mil. Fortune Valley Treasures's interest coverage for the quarter that ended in Sep. 2021 was 152.00. The higher the ratio, the stronger the company's financial strength is.

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

OTCPK:FVTI' s Interest Coverage Range Over the Past 10 Years
Min: 174.29   Med: No Debt   Max: No Debt
Current: 242.28

174.29
No Debt

OTCPK:FVTI's Interest Coverage is ranked higher than
90% of the 776 Companies
in the Retail - Cyclical industry.

( Industry Median: 11.03 vs. OTCPK:FVTI: 242.28 )

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


Fortune Valley Treasures Interest Coverage Historical Data

The historical data trend for Fortune Valley Treasures'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.

* Premium members only.

Fortune Valley Treasures Annual Data
Trend Aug15 Aug16 Aug17 Dec18 Dec19 Dec20
Interest Coverage
Premium Member Only No Debt No Debt - N/A 174.29

Fortune Valley Treasures Quarterly Data
Nov16 Feb17 May17 Aug17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Interest Coverage 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 Premium Member Only Premium Member Only Premium Member Only - 697.25 101.25 93.17 152.00

Competitive Comparison

For the Specialty Retail subindustry, Fortune Valley Treasures'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.

   

Fortune Valley Treasures Interest Coverage Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, Fortune Valley Treasures's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Fortune Valley Treasures's Interest Coverage falls into.



Fortune Valley Treasures 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.


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

Fortune Valley Treasures's Interest Coverage for the fiscal year that ended in Dec. 2020 is calculated as

Here, for the fiscal year that ended in Dec. 2020, Fortune Valley Treasures's Interest Expense was $-0.01 Mil. Its Operating Income was $2.44 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.43 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2020 )/Interest Expense (A: Dec. 2020 )
=-1*2.44/-0.014
=174.29

Fortune Valley Treasures's Interest Coverage for the quarter that ended in Sep. 2021 is calculated as

Here, for the three months ended in Sep. 2021, Fortune Valley Treasures's Interest Expense was $-0.00 Mil. Its Operating Income was $0.61 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.56 Mil.

Interest Coverage=-1* Operating Income (Q: Sep. 2021 )/Interest Expense (Q: Sep. 2021 )
=-1*0.608/-0.004
=152.00

* 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.


Fortune Valley Treasures  (OTCPK:FVTI) 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 .


Fortune Valley Treasures Interest Coverage Related Terms

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


Fortune Valley Treasures Business Description

Fortune Valley Treasures logo
Industry
Consumer Cyclical » Retail - Cyclical NAICS : 445310 SIC : 5921
Traded in Other Exchanges
N/A
Address
Qiaoxiang Road, Shahe Street, 13th Floor, Building B1, Wisdom Plaza, Nanshan District, Guangdong, Shenzhen, CHN, 518000
Fortune Valley Treasures Inc is engaged in operations of wholesale distribution and retail sales of food and beverage products in the People's Republic of China. The company is into acquiring businesses that are into food, beverage, and alcohol industries. Its products include a variety of wines, such as dry red wine, dry white wine, rose wine, and sweet wine, and other products. Its products are sold to retailers, such as wine shops, convenience stores, and supermarkets.
Executives
Lin Kaihong director, officer: CFO, Treasurer, Director NO. 10 OF TUANJIE 2ND ROAD BEICE, HUMEN DONGGUAN, GUANGDONG F4 518000
Shen Xinlong director, 10 percent owner, officer: CEO, CFO 19F, LIANHE TOWER, 1069 NANHAI AVE, NANSHAN DISTRICT SHENZHEN F4 518000

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