Zhejiang Guyuelongshan Shaoxing Wine Co (SHSE:600059) Interest Coverage : 5,498.43 (As of Mar. 2024)

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What is Zhejiang Guyuelongshan Shaoxing Wine 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. Zhejiang Guyuelongshan Shaoxing Wine Co's Operating Income for the three months ended in Mar. 2024 was ¥77 Mil. Zhejiang Guyuelongshan Shaoxing Wine Co's Interest Expense for the three months ended in Mar. 2024 was ¥-0 Mil. Zhejiang Guyuelongshan Shaoxing Wine Co's interest coverage for the quarter that ended in Mar. 2024 was 5,498.43. 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. Zhejiang Guyuelongshan Shaoxing Wine Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Zhejiang Guyuelongshan Shaoxing Wine Co's Interest Coverage or its related term are showing as below:

SHSE:600059' s Interest Coverage Range Over the Past 10 Years
Min: 8.41 Med: 1295.27 Max: 3417.94
Current: 1099.74

SHSE:600059's Interest Coverage is ranked better than
91.3% of 161 companies
in the Beverages - Alcoholic industry
Industry Median: 8.88 vs SHSE:600059: 1099.74

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

Zhejiang Guyuelongshan Shaoxing Wine Co Interest Coverage Historical Data

The historical data trend for Zhejiang Guyuelongshan Shaoxing Wine 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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Zhejiang Guyuelongshan Shaoxing Wine Co Interest Coverage Chart

Zhejiang Guyuelongshan Shaoxing Wine Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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3,417.94

2,916.80

1,181.50

847.16

1,011.54

Zhejiang Guyuelongshan Shaoxing Wine Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial															2,752.46	307.39	-	700.50	5,498.43

Competitive Comparison of Zhejiang Guyuelongshan Shaoxing Wine Co's Interest Coverage

For the Beverages - Wineries & Distilleries subindustry, Zhejiang Guyuelongshan Shaoxing Wine 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.

Zhejiang Guyuelongshan Shaoxing Wine Co's Interest Coverage Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Zhejiang Guyuelongshan Shaoxing Wine Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Zhejiang Guyuelongshan Shaoxing Wine Co's Interest Coverage falls into.

Zhejiang Guyuelongshan Shaoxing Wine 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.

Zhejiang Guyuelongshan Shaoxing Wine 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, Zhejiang Guyuelongshan Shaoxing Wine Co's Interest Expense was ¥-0 Mil. Its Operating Income was ¥213 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥3 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	213.434	/	-0.211
	=	1,011.54

Zhejiang Guyuelongshan Shaoxing Wine Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Zhejiang Guyuelongshan Shaoxing Wine Co's Interest Expense was ¥-0 Mil. Its Operating Income was ¥77 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥3 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	76.978	/	-0.014
	=	5,498.43

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

Zhejiang Guyuelongshan Shaoxing Wine Co (SHSE:600059) 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 .

Zhejiang Guyuelongshan Shaoxing Wine Co Interest Coverage Related Terms

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Zhejiang Guyuelongshan Shaoxing Wine Co (SHSE:600059) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Zhejiang Guyuelongshan Shaoxing Wine Co Ltd (SHSE:600059) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

Beihai Bridge, Shaoxing, Zhejiang, CHN, 312000

Website

http://www.shaoxingwine.com.cn

Zhejiang Guyuelongshan Shaoxing Wine Co Ltd is a China-based company engaged in the production and distribution of Chinese rice wine. Its main products consist of raw Chinese rice wine, bottled Chinese rice wine and a relatively small amount of fruit wine and distilled spirit. The company owns a range of brands including Gu Yue Long Shan, Nv Er Hong, Champion Red, Shen Yonghe as well as Jian Hu, among others.

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