Beijing Chunlizhengda Medical Instruments Co (HKSE:01858) Interest Coverage : 315.44 (As of Dec. 2023)

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What is Beijing Chunlizhengda Medical Instruments 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. Beijing Chunlizhengda Medical Instruments Co's Operating Income for the three months ended in Dec. 2023 was HK$121.4 Mil. Beijing Chunlizhengda Medical Instruments Co's Interest Expense for the three months ended in Dec. 2023 was HK$-0.4 Mil. Beijing Chunlizhengda Medical Instruments Co's interest coverage for the quarter that ended in Dec. 2023 was 315.44. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Beijing Chunlizhengda Medical Instruments Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Beijing Chunlizhengda Medical Instruments Co's Interest Coverage or its related term are showing as below:

HKSE:01858' s Interest Coverage Range Over the Past 10 Years
Min: 407.21 Med: 1359.63 Max: 7146.23
Current: 407.21

HKSE:01858's Interest Coverage is ranked better than
85.55% of 422 companies
in the Medical Devices & Instruments industry
Industry Median: 18.015 vs HKSE:01858: 407.21

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

Beijing Chunlizhengda Medical Instruments Co Interest Coverage Historical Data

The historical data trend for Beijing Chunlizhengda Medical Instruments 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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Beijing Chunlizhengda Medical Instruments Co Interest Coverage Chart

Beijing Chunlizhengda Medical Instruments Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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2,271.80

2,376.80

1,502.25

7,146.23

3,409.20

Beijing Chunlizhengda Medical Instruments Co Quarterly Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial															23.38	No Debt	5,425.30	315.44	330.66

Competitive Comparison of Beijing Chunlizhengda Medical Instruments Co's Interest Coverage

For the Medical Devices subindustry, Beijing Chunlizhengda Medical Instruments 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.

Beijing Chunlizhengda Medical Instruments Co's Interest Coverage Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Beijing Chunlizhengda Medical Instruments Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Beijing Chunlizhengda Medical Instruments Co's Interest Coverage falls into.

Beijing Chunlizhengda Medical Instruments 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.

Beijing Chunlizhengda Medical Instruments 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, Beijing Chunlizhengda Medical Instruments Co's Interest Expense was HK$-0.1 Mil. Its Operating Income was HK$320.5 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$0.6 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	320.465	/	-0.094
	=	3,409.20

Beijing Chunlizhengda Medical Instruments Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Beijing Chunlizhengda Medical Instruments Co's Interest Expense was HK$-0.4 Mil. Its Operating Income was HK$121.4 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$0.6 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	121.446	/	-0.385
	=	315.44

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

Beijing Chunlizhengda Medical Instruments Co (HKSE:01858) 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 .

Beijing Chunlizhengda Medical Instruments Co Interest Coverage Related Terms

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Beijing Chunlizhengda Medical Instruments Co (HKSE:01858) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Beijing Chunlizhengda Medical Instruments Co Ltd (HKSE:01858) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

688236:China

Address

No. 10 Xinmi Xi Er Road, Southern District of Tongzhou, Economic Development Zone, Tongzhou District, Beijing, CHN

Website

http://www.clzd.com

Beijing Chunlizhengda Medical Instruments Co Ltd is an orthopedic medical device company. It is engaged in the research, development, manufacture, and sale of orthopedic medical devices, including joint prosthesis products and spinal products. The products offered by the company are classified into three categories, namely Standard joint prosthesis products, Custom joint prosthesis products, and Spinal products. It operates in the business segment of manufacture and trading of surgical implants, instruments and related products.

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