XD (HKSE:02400) Interest Coverage : 0 (At Loss) (As of Dec. 2023)

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What is XD 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. XD's Operating Income for the six months ended in Dec. 2023 was HK$-115 Mil. XD's Interest Expense for the six months ended in Dec. 2023 was HK$-91 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 XD's Interest Coverage or its related term are showing as below:

HKSE:02400' s Interest Coverage Range Over the Past 10 Years
Min: 0.08 Med: 53.03 Max: 211.01
Current: 0.08

HKSE:02400's Interest Coverage is ranked worse than
99.01% of 302 companies
in the Interactive Media industry
Industry Median: 38.39 vs HKSE:02400: 0.08

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

XD Interest Coverage Historical Data

The historical data trend for XD'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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XD Interest Coverage Chart

XD Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

211.01

25.21

0.08

XD Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial								-	-	-	3.71	-

Competitive Comparison of XD's Interest Coverage

For the Electronic Gaming & Multimedia subindustry, XD'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.

XD's Interest Coverage Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, XD's Interest Coverage distribution charts can be found below:

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

XD 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.

XD's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, XD's Interest Expense was HK$-125 Mil. Its Operating Income was HK$10 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$174 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	10.45	/	-124.887
	=	0.08

XD's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, XD's Interest Expense was HK$-91 Mil. Its Operating Income was HK$-115 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$174 Mil.

XD did not have earnings to cover the interest expense.

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

XD (HKSE:02400) 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 .

XD Interest Coverage Related Terms

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

XD (HKSE:02400) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » XD Inc (HKSE:02400) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

3OE:Germany

Address

Wanrong Road, Unit A2, No. 700, Shanghai, CHN

Website

www.2400.hk

XD Inc is engaged in the development, operation, publishing, and distribution of mobile and web games and the provision of information services in China and overseas. It also operates TapTap, a game community and platform in China. It has two operating segments. The game segment, which is the key revenue driver, offers game publishing and operating services on its own and via other distribution channels. Revenues from this segment are derived from game publishing and operating services. The information service segment offers online marketing services to game developers, game publishers, or their agents. Revenues from this segment are derived from performance-based online marketing services.

Executives

Huang Yimeng	2101 Beneficial owner
Dai Yunjie	2101 Beneficial owner
Jpmorgan Chase & Co.	2102 Investment manager
J.p. Morgan Trust Company (singapore) Pte. Ltd.	2301 Trustee
Danger And Sons Inc.	2201 Interest of corporation controlled by you
Kros Dai Inc.	2101 Beneficial owner
J.p. Morgan Trust Company Of Delaware	2301 Trustee
Credit Suisse Group Ag	2201 Interest of corporation controlled by you
The Goldman Sachs Group, Inc.	2201 Interest of corporation controlled by you
Credit Suisse Trust Limited	2301 Trustee
Happy Today Company Limited	2201 Interest of corporation controlled by you
Happy Today Holding Limited	2101 Beneficial owner

XD (HKSE:02400) Headlines

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