GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Winston Medical Supply Co Ltd (ROCO:6817) » Definitions » Interest Coverage

Winston Medical Supply Co (ROCO:6817) Interest Coverage : 116.08 (As of Dec. 2023)


View and export this data going back to 2021. Start your Free Trial

What is Winston Medical Supply 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. Winston Medical Supply Co's Operating Income for the six months ended in Dec. 2023 was NT$107.4 Mil. Winston Medical Supply Co's Interest Expense for the six months ended in Dec. 2023 was NT$-0.9 Mil. Winston Medical Supply Co's interest coverage for the quarter that ended in Dec. 2023 was 116.08. 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. Winston Medical Supply Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

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

ROCO:6817' s Interest Coverage Range Over the Past 10 Years
Min: 26.87   Med: 95.21   Max: 128.33
Current: 128.33


ROCO:6817's Interest Coverage is ranked better than
80.62% of 676 companies
in the Drug Manufacturers industry
Industry Median: 12.85 vs ROCO:6817: 128.33

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


Winston Medical Supply Co Interest Coverage Historical Data

The historical data trend for Winston Medical Supply 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.

* Premium members only.

Winston Medical Supply Co Interest Coverage Chart

Winston Medical Supply Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial - 26.87 63.36 127.05 128.33

Winston Medical Supply Co Semi-Annual Data
Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 43.75 104.01 147.59 147.12 116.08

Competitive Comparison of Winston Medical Supply Co's Interest Coverage

For the Drug Manufacturers - Specialty & Generic subindustry, Winston Medical Supply 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.


Winston Medical Supply Co's Interest Coverage Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Winston Medical Supply Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Winston Medical Supply Co's Interest Coverage falls into.



Winston Medical Supply 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.

Winston Medical Supply 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, Winston Medical Supply Co's Interest Expense was NT$-1.5 Mil. Its Operating Income was NT$196.1 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$56.1 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*196.093/-1.528
=128.33

Winston Medical Supply Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Winston Medical Supply Co's Interest Expense was NT$-0.9 Mil. Its Operating Income was NT$107.4 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$56.1 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*107.377/-0.925
=116.08

* 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.


Winston Medical Supply Co  (ROCO:6817) 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 .


Winston Medical Supply Co Interest Coverage Related Terms

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


Winston Medical Supply Co (ROCO:6817) Business Description

Traded in Other Exchanges
N/A
Address
117 Renai Street, Yanzhouli, Yongkang District, Tainan, TWN, 710
Winston Medical Supply Co Ltd is a manufacturer of medical products. It produces sterile ophthalmic preparations, hormone preparations and healthy products.

Winston Medical Supply Co (ROCO:6817) Headlines

No Headlines