WiMi Hologram Cloud (WiMi Hologram Cloud) Interest Coverage

: 0 (At Loss) (As of Jun. 2023)

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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. WiMi Hologram Cloud's Operating Income for the six months ended in Jun. 2023 was $-4.33 Mil. WiMi Hologram Cloud's Interest Expense for the six months ended in Jun. 2023 was $-0.14 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 WiMi Hologram Cloud's Interest Coverage or its related term are showing as below:

WIMI's Interest Coverage is not ranked ^*
in the Media - Diversified industry.
Industry Median: 11.96
* 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.

WiMi Hologram Cloud Interest Coverage Historical Data

The historical data trend for WiMi Hologram Cloud'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.

WiMi Hologram Cloud Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Coverage

19.50

10.33

WiMi Hologram Cloud Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Interest Coverage								7.37	-	-	-	-

Competitive Comparison

For the Advertising Agencies subindustry, WiMi Hologram Cloud'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.

WiMi Hologram Cloud Interest Coverage Distribution

For the Media - Diversified industry and Communication Services sector, WiMi Hologram Cloud's Interest Coverage distribution charts can be found below:

* The bar in red indicates where WiMi Hologram Cloud's Interest Coverage falls into.

WiMi Hologram Cloud 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.

WiMi Hologram Cloud'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, WiMi Hologram Cloud's Interest Expense was $-0.32 Mil. Its Operating Income was $-37.34 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.03 Mil.

WiMi Hologram Cloud did not have earnings to cover the interest expense.

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

Here, for the six months ended in Jun. 2023, WiMi Hologram Cloud's Interest Expense was $-0.14 Mil. Its Operating Income was $-4.33 Mil. And its Long-Term Debt & Capital Lease Obligation was $6.00 Mil.

WiMi Hologram Cloud did not have earnings to cover the interest expense.

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

WiMi Hologram Cloud (NAS:WIMI) 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 .

WiMi Hologram Cloud Interest Coverage Related Terms

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WiMi Hologram Cloud (WiMi Hologram Cloud) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » WiMi Hologram Cloud Inc (NAS:WIMI) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

0BF1:Germany

Address

1st West Dawang Road, Room No.2002, Building A, Wentley Center, Chaoyang, Beijing, CHN, 100020

Website

http://ir.wimiar.com

WiMi Hologram Cloud Inc and its subsidiaries offer augmented reality (AR) based holographic services and products to cater to its customers. Its AR service and product offerings primarily consist of holographic AR advertising services and holographic AR entertainment products. It is also into the semiconductor business, in which the company provides central processing algorithm services and computer chip products to enterprise customers and the sales of comprehensive solutions for central processing algorithms and related services with software and hardware integration. The company reports in three segments: AR advertising, AR entertainment, and Semiconductor. Its geographical segments are Mainland China, Hong Kong, and International.