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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. Feutune Light Acquisition's Operating Income for the three months ended in Mar. 2024 was $-0.51 Mil. Feutune Light Acquisition's Interest Expense for the three months ended in Mar. 2024 was $0.00 Mil. Feutune Light Acquisition has no debt. The higher the ratio, the stronger the company's financial strength is.
(1) 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.
The historical rank and industry rank for Feutune Light Acquisition's Interest Coverage or its related term are showing as below:
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
The historical data trend for Feutune Light Acquisition'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.
Feutune Light Acquisition Annual Data | |||||
Trend | Dec22 | Dec23 | |||
Interest Coverage | No Debt | No Debt |
Feutune Light Acquisition Quarterly Data | |||||||||
Jan22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Interest Coverage | Get a 7-Day Free Trial | No Debt | No Debt | No Debt | No Debt | No Debt |
For the Shell Companies subindustry, Feutune Light Acquisition'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.
For the Diversified Financial Services industry and Financial Services sector, Feutune Light Acquisition's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Feutune Light Acquisition's Interest Coverage falls into.
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.
Feutune Light Acquisition'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, Feutune Light Acquisition's Interest Expense was $0.00 Mil. Its Operating Income was $-1.25 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Feutune Light Acquisition had no debt (1). |
Feutune Light Acquisition's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as
Here, for the three months ended in Mar. 2024, Feutune Light Acquisition's Interest Expense was $0.00 Mil. Its Operating Income was $-0.51 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Feutune Light Acquisition had no debt (1). |
* 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.
Feutune Light Acquisition (NAS:FLFV) 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 .
Thank you for viewing the detailed overview of Feutune Light Acquisition's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Wenbing Wang | director | 21ST FLOOR, BUILDING B, JIA MING CENTER, NO. 27 DONG SAN HUAN NORTH ROAD, CHAOYANG DISTRICT, BEIJING F4 100020 |
Michael Davidov | other: Former Director | 60 EAST 42 STREET, NEW YORK NY 10165 |
Plc Barclays | 10 percent owner | 1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP |
Yuanmei Ma | officer: CFO | ROOM 605A TOWER A, RAYCOM INFO TECH PARK, NO. 2 KEXUEYUAN S. RD., ZHONGGUANCUN, HAIDIAN DISTRICT, BEIJING F4 100080 |
Lei Xu | director, other: President and chairwoman | 1818 LINDA VISTA CIR., FULLERTON CA 92831 |
Feutune Light Sponsor Llc | 10 percent owner | 48 BRIDGE STREET, BUILDING A, METUCHEN NJ 08840 |
Xuedong Tian | director, officer: CEO and Director | 48 BRIDGE STREET, BUILDING A, METUCHEN NJ 08840 |
Sau Fong Yeung | 10 percent owner | 48 BRIDGE STREET, BUILDING A, METUCHEN NJ 08840 |
Kevin Vassily | director | C/O IPOWER INC., 2399 BATEMAN AVENUE, DUARTE CA 91010 |
Ping Li | director | A1 68 XINXIA STREET, PINGHU, LONGGANG, SHENZHEN, GUANDONG F4 518111 |
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