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XOX Networks Bhd (XKLS:0140) Interest Coverage : 0 (At Loss) (As of Mar. 2024)


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What is XOX Networks Bhd 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. XOX Networks Bhd's Operating Income for the three months ended in Mar. 2024 was RM-1.05 Mil. XOX Networks Bhd's Interest Expense for the three months ended in Mar. 2024 was RM-0.01 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 XOX Networks Bhd's Interest Coverage or its related term are showing as below:


XKLS:0140's Interest Coverage is not ranked *
in the Hardware industry.
Industry Median: 12.79
* 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.


XOX Networks Bhd Interest Coverage Historical Data

The historical data trend for XOX Networks Bhd'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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XOX Networks Bhd Interest Coverage Chart

XOX Networks Bhd Annual Data
Trend Nov11 Nov12 Nov13 Mar16 Mar17 Jun19 Jun20 Jun21 Jun22 Jun23
Interest Coverage
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XOX Networks Bhd Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of XOX Networks Bhd's Interest Coverage

For the Electronics & Computer Distribution subindustry, XOX Networks Bhd'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.


XOX Networks Bhd's Interest Coverage Distribution in the Hardware Industry

For the Hardware industry and Technology sector, XOX Networks Bhd's Interest Coverage distribution charts can be found below:

* The bar in red indicates where XOX Networks Bhd's Interest Coverage falls into.



XOX Networks Bhd 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.

XOX Networks Bhd's Interest Coverage for the fiscal year that ended in Jun. 2023 is calculated as

Here, for the fiscal year that ended in Jun. 2023, XOX Networks Bhd's Interest Expense was RM-0.03 Mil. Its Operating Income was RM-11.15 Mil. And its Long-Term Debt & Capital Lease Obligation was RM0.04 Mil.

XOX Networks Bhd did not have earnings to cover the interest expense.

XOX Networks Bhd's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, XOX Networks Bhd's Interest Expense was RM-0.01 Mil. Its Operating Income was RM-1.05 Mil. And its Long-Term Debt & Capital Lease Obligation was RM0.04 Mil.

XOX Networks Bhd 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.


XOX Networks Bhd  (XKLS:0140) 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 .


XOX Networks Bhd Interest Coverage Related Terms

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XOX Networks Bhd (XKLS:0140) Business Description

Traded in Other Exchanges
N/A
Address
7th Floor, Menara Lien Hoe, No. 8, Persiaran Tropicana, Tropicana Golf & Country Resort, Petaling Jaya, SGR, MYS, 47410
XOX Networks Bhd is an investment holding company. The business activities of the group are carried out through various segments namely Information, communication and technology (ICT), Event Management and Financial Solutions. The company derives a majority of revenue from the Event Management segment. The Event Management segment involves Event and artist management; Digital and media management, Selling of tickets and stage and event contractions. Geographically, it derives a majority of its revenue from Malaysia.

XOX Networks Bhd (XKLS:0140) Headlines

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