COSCO Shipping International (Singapore) Co (COSCO Shipping International (Singapore) Co) Interest Coverage : 0.52 (As of Dec. 2023)

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What is COSCO Shipping International (Singapore) 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. COSCO Shipping International (Singapore) Co's Operating Income for the six months ended in Dec. 2023 was $2.6 Mil. COSCO Shipping International (Singapore) Co's Interest Expense for the six months ended in Dec. 2023 was $-5.0 Mil. COSCO Shipping International (Singapore) Co's interest coverage for the quarter that ended in Dec. 2023 was 0.52. 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. COSCO Shipping International (Singapore) 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 COSCO Shipping International (Singapore) Co's Interest Coverage or its related term are showing as below:

CSCMY' s Interest Coverage Range Over the Past 10 Years
Min: 0.65 Med: 1.66 Max: No Debt
Current: 0.88

CSCMY's Interest Coverage is ranked worse than
92.03% of 816 companies
in the Transportation industry
Industry Median: 5.485 vs CSCMY: 0.88

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

COSCO Shipping International (Singapore) Co Interest Coverage Historical Data

The historical data trend for COSCO Shipping International (Singapore) 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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COSCO Shipping International (Singapore) Co Interest Coverage Chart

COSCO Shipping International (Singapore) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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1.60

1.94

2.88

1.43

0.88

COSCO Shipping International (Singapore) Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial															2.76	1.84	1.16	1.23	0.52

Competitive Comparison of COSCO Shipping International (Singapore) Co's Interest Coverage

For the Integrated Freight & Logistics subindustry, COSCO Shipping International (Singapore) 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.

COSCO Shipping International (Singapore) Co's Interest Coverage Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, COSCO Shipping International (Singapore) Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where COSCO Shipping International (Singapore) Co's Interest Coverage falls into.

COSCO Shipping International (Singapore) 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.

COSCO Shipping International (Singapore) Co'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, COSCO Shipping International (Singapore) Co's Interest Expense was $-10.3 Mil. Its Operating Income was $9.1 Mil. And its Long-Term Debt & Capital Lease Obligation was $177.6 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	9.068	/	-10.252
	=	0.88

COSCO Shipping International (Singapore) Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, COSCO Shipping International (Singapore) Co's Interest Expense was $-5.0 Mil. Its Operating Income was $2.6 Mil. And its Long-Term Debt & Capital Lease Obligation was $177.6 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	2.621	/	-5.024
	=	0.52

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

COSCO Shipping International (Singapore) Co (OTCPK:CSCMY) 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 .

COSCO Shipping International (Singapore) Co Interest Coverage Related Terms

Thank you for viewing the detailed overview of COSCO Shipping International (Singapore) Co's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

COSCO Shipping International (Singapore) Co (COSCO Shipping International (Singapore) Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » COSCO Shipping International (Singapore) Co Ltd (OTCPK:CSCMY) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

F83:Singapore VZS:Germany

Address

30 Cecil Street, No. 26-01 Prudential Tower, Singapore, SGP, 049712

Website

https://www.coscoshipping.com.sg

COSCO Shipping International (Singapore) Co Ltd is an investment holding company that operates ship repair, marine engineering, and dry bulk shipping outfits in China and Singapore. Further, The company also provides services that include property management. It operates in the following segment: shipping, ship repair and marine engineering activities, logistics, and property management. The majority of its revenue gets derived from the Logistics segment.

COSCO Shipping International (Singapore) Co (COSCO Shipping International (Singapore) Co) Headlines

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