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Pintec Technology Holdings (Pintec Technology Holdings) Interest Coverage : 0 (At Loss) (As of Jun. 2023)


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What is Pintec Technology Holdings 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. Pintec Technology Holdings's Operating Income for the six months ended in Jun. 2023 was $-1.69 Mil. Pintec Technology Holdings's Interest Expense for the six months ended in Jun. 2023 was $-0.60 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 Pintec Technology Holdings's Interest Coverage or its related term are showing as below:


PT's Interest Coverage is not ranked *
in the Credit Services industry.
Industry Median: 76.255
* 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.


Pintec Technology Holdings Interest Coverage Historical Data

The historical data trend for Pintec Technology Holdings'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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Pintec Technology Holdings Interest Coverage Chart

Pintec Technology Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Interest Coverage
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Pintec Technology Holdings Semi-Annual Data
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 N/A N/A - - -

Competitive Comparison of Pintec Technology Holdings's Interest Coverage

For the Credit Services subindustry, Pintec Technology Holdings'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.


Pintec Technology Holdings's Interest Coverage Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Pintec Technology Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Pintec Technology Holdings's Interest Coverage falls into.



Pintec Technology Holdings 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.

Pintec Technology Holdings'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, Pintec Technology Holdings's Interest Expense was $-3.46 Mil. Its Operating Income was $-11.70 Mil. And its Long-Term Debt & Capital Lease Obligation was $33.96 Mil.

Pintec Technology Holdings did not have earnings to cover the interest expense.

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

Here, for the six months ended in Jun. 2023, Pintec Technology Holdings's Interest Expense was $-0.60 Mil. Its Operating Income was $-1.69 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Pintec Technology Holdings 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.


Pintec Technology Holdings  (NAS:PT) 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 .


Pintec Technology Holdings Interest Coverage Related Terms

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Pintec Technology Holdings (Pintec Technology Holdings) Business Description

Traded in Other Exchanges
N/A
Address
No. 109 Yard Tianjizhigu, 3rd Floor, No. 11 Building, Jinghai 3rd Street, BDA, Beijing, CHN, 101111
Pintec Technology Holdings Ltd is a technology platform that provides financial services in China in terms of loan volume facilitated. The company connects business partners and financial partners on its open platform and enables them to provide financial services to end-users. Its products include installment loans, personal loans, wealth management, insurance brokerage, SME loans, and others. The company generates its revenue from technical service fees also by providing financing for these borrowers and earn installment service fees, They earn wealth management services fees and commission on financial products.

Pintec Technology Holdings (Pintec Technology Holdings) Headlines