Asia-Pac Financial Investment Co (HKSE:08193) Interest Coverage : 3.54 (As of Sep. 2023)

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What is Asia-Pac Financial Investment Co 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. Asia-Pac Financial Investment Co's Operating Income for the three months ended in Sep. 2023 was HK$1.98 Mil. Asia-Pac Financial Investment Co's Interest Expense for the three months ended in Sep. 2023 was HK$-0.56 Mil. Asia-Pac Financial Investment Co's interest coverage for the quarter that ended in Sep. 2023 was 3.54. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Asia-Pac Financial Investment Co Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

The historical rank and industry rank for Asia-Pac Financial Investment Co's Interest Coverage or its related term are showing as below:

HKSE:08193' s Interest Coverage Range Over the Past 10 Years
Min: 0.31 Med: 1563.91 Max: 3127.5
Current: 0.76

HKSE:08193's Interest Coverage is ranked worse than
95% of 460 companies
in the Capital Markets industry
Industry Median: 21.035 vs HKSE:08193: 0.76

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

Asia-Pac Financial Investment Co Interest Coverage Historical Data

The historical data trend for Asia-Pac Financial Investment Co'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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Asia-Pac Financial Investment Co Interest Coverage Chart

Asia-Pac Financial Investment Co Annual Data

Trend

Mar14

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Mar23

Interest Coverage

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Asia-Pac Financial Investment Co 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															-	-	2.37	-	3.54

Competitive Comparison of Asia-Pac Financial Investment Co's Interest Coverage

For the Capital Markets subindustry, Asia-Pac Financial Investment Co'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.

Asia-Pac Financial Investment Co's Interest Coverage Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Asia-Pac Financial Investment Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Asia-Pac Financial Investment Co's Interest Coverage falls into.

Asia-Pac Financial Investment Co 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.

Asia-Pac Financial Investment Co's Interest Coverage for the fiscal year that ended in Mar. 2023 is calculated as

Here, for the fiscal year that ended in Mar. 2023, Asia-Pac Financial Investment Co's Interest Expense was HK$-2.16 Mil. Its Operating Income was HK$-1.68 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$36.51 Mil.

Asia-Pac Financial Investment Co did not have earnings to cover the interest expense.

Asia-Pac Financial Investment Co's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, Asia-Pac Financial Investment Co's Interest Expense was HK$-0.56 Mil. Its Operating Income was HK$1.98 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$35.88 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	1.975	/	-0.558
	=	3.54

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

Asia-Pac Financial Investment Co (HKSE:08193) 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 .

Asia-Pac Financial Investment Co Interest Coverage Related Terms

Thank you for viewing the detailed overview of Asia-Pac Financial Investment Co's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Asia-Pac Financial Investment Co (HKSE:08193) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Asia-Pac Financial Investment Co Ltd (HKSE:08193) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

6-8 Harbour Road, Room 304, 3rd Floor Shui On Centre, Wanchai, Hong Kong, HKG

Website

http://www.gca.com.hk

Asia-Pac Financial Investment Co Ltd is a Hong Kong-based company with four reporting segments. The asset advisory services and asset appraisal segment offers asset appraisal and advisory services for a wide range of asset classes, and it contributes the majority of revenue. The corporate services and consultancy segment offers advice to corporations in a wide range of areas, such as corporate governance and enterprise risk management. The media advertising segment offers media advertising business services. The financial services segment comprises financial credit services, trading and exchanging services, and consultancy or agency services.

Executives

Ip Kwok Kwong	2101 Beneficial owner
Brilliant One Holdings Limited	2101 Beneficial owner
Gc Holdings Limited	2201 Interest of corporation controlled by you
Laberie Holdings Limited	2101 Beneficial owner
Seec Media Group Limited	2201 Interest of corporation controlled by you
Zhong Ou Sheng Shi Zi Chan Guan Li Shang Hai You Xian Gong Si	2301 Trustee

Asia-Pac Financial Investment Co (HKSE:08193) Headlines

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