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TROOPS (TROOPS) Interest Coverage : 0 (At Loss) (As of Jun. 2023)


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What is TROOPS 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. TROOPS's Operating Income for the six months ended in Jun. 2023 was $-1.06 Mil. TROOPS's Interest Expense for the six months ended in Jun. 2023 was $-0.03 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 TROOPS's Interest Coverage or its related term are showing as below:


TROO's Interest Coverage is not ranked *
in the Software industry.
Industry Median: 29.315
* 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.


TROOPS Interest Coverage Historical Data

The historical data trend for TROOPS'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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TROOPS Interest Coverage Chart

TROOPS Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Interest Coverage
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TROOPS Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 - - - - -

Competitive Comparison of TROOPS's Interest Coverage

For the Software - Application subindustry, TROOPS'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.


TROOPS's Interest Coverage Distribution in the Software Industry

For the Software industry and Technology sector, TROOPS's Interest Coverage distribution charts can be found below:

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



TROOPS 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.

TROOPS'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, TROOPS's Interest Expense was $-0.06 Mil. Its Operating Income was $-1.37 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

TROOPS did not have earnings to cover the interest expense.

TROOPS's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Here, for the six months ended in Jun. 2023, TROOPS's Interest Expense was $-0.03 Mil. Its Operating Income was $-1.06 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

TROOPS 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.


TROOPS  (NAS:TROO) 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 .


TROOPS Interest Coverage Related Terms

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


TROOPS (TROOPS) Business Description

Traded in Other Exchanges
N/A
Address
8 Fui Yiu Kok Street, 21st Floor, Tsuen Wan, New Territories, Hong Kong, HKG
TROOPS Inc is a conglomerate group of various businesses with its headquarters based in Hong Kong. The group is principally engaged in money lending business in Hong Kong providing mortgage loans to high quality target borrowers, property investment to generate additional rental income and the development, operation and management of an online financial marketplace that provides one-stop financial technology solutions including API services by leveraging artificial intelligence, large data and blockchain, and cloud computing (SaaS). It derives revenue from Hong Kong and Australia. Majority of its revenue generates from domestic market.
Executives
Hong Xiang Liu director 2F20 XIAO HUOWA, BAIXIA DISTRICT, SHANGHAI F4 210002
Hao Wu director, officer: Chief Financial Officer CIRO'S PLAZA, 388 NANJING WEST RD., SUITE 2307, SHANGHAI F4 200003
William R Hambrecht 10 percent owner C/O ADOBE SUSTEMS INC, 345 PARK AVENUE P O BOX 2704, SAN JOSE CA 95110-2704
Stephen N Cannon 10 percent owner, officer: Vice President of Acquisitions 13/F TOWER 2, NEW WORLD TOWER, 18 QUEENS ROAD CENTRAL, HONG KONG K3 K3 00000
Wr Hambrecht & Co Llc 10 percent owner 550 15TH STREET, SAN FRANCISCO CA 94103
Robert J Eu director, 10 percent owner, officer: Chairman, CFO and Secretary 13/F TOWER 2, NEW WORLD TOWER, 18 QUEENS ROAD CENTRAL, HONG KONG K3 K3 00000
John Wang director, 10 percent owner, officer: CEO, President and Director 13/F TOWER 2, NEW WORLD TOWER, 18 QUEENS ROAD CENTRAL, HONG KONG K3 K3 00000
Lee S Ting director 13/F TOWER 2, NEW WORLD TOWER, 18 QUEENS, ROAD CENTRAL, HONG KONG K3 0000000

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