Jiangsu Wuyang Automation Control Technology Co (SZSE:300420) Interest Coverage : 7.77 (As of Mar. 2024)

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What is Jiangsu Wuyang Automation Control Technology 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. Jiangsu Wuyang Automation Control Technology Co's Operating Income for the three months ended in Mar. 2024 was ¥6 Mil. Jiangsu Wuyang Automation Control Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥-1 Mil. Jiangsu Wuyang Automation Control Technology Co's interest coverage for the quarter that ended in Mar. 2024 was 7.77. 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. Jiangsu Wuyang Automation Control Technology Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Jiangsu Wuyang Automation Control Technology Co's Interest Coverage or its related term are showing as below:

SZSE:300420' s Interest Coverage Range Over the Past 10 Years
Min: 9.04 Med: 31.25 Max: 210.16
Current: 94.21

SZSE:300420's Interest Coverage is ranked better than
86.97% of 399 companies
in the Conglomerates industry
Industry Median: 5.11 vs SZSE:300420: 94.21

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

Jiangsu Wuyang Automation Control Technology Co Interest Coverage Historical Data

The historical data trend for Jiangsu Wuyang Automation Control Technology 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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Jiangsu Wuyang Automation Control Technology Co Interest Coverage Chart

Jiangsu Wuyang Automation Control Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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17.16

18.70

9.04

69.42

Jiangsu Wuyang Automation Control Technology 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															5.80	-	29.53	559.60	7.77

Competitive Comparison of Jiangsu Wuyang Automation Control Technology Co's Interest Coverage

For the Conglomerates subindustry, Jiangsu Wuyang Automation Control Technology 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.

Jiangsu Wuyang Automation Control Technology Co's Interest Coverage Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Jiangsu Wuyang Automation Control Technology Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Jiangsu Wuyang Automation Control Technology Co's Interest Coverage falls into.

Jiangsu Wuyang Automation Control Technology 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.

Jiangsu Wuyang Automation Control Technology 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, Jiangsu Wuyang Automation Control Technology Co's Interest Expense was ¥-2 Mil. Its Operating Income was ¥156 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥64 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	156.055	/	-2.248
	=	69.42

Jiangsu Wuyang Automation Control Technology Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Jiangsu Wuyang Automation Control Technology Co's Interest Expense was ¥-1 Mil. Its Operating Income was ¥6 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥64 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	6.063	/	-0.78
	=	7.77

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

Jiangsu Wuyang Automation Control Technology Co (SZSE:300420) 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 .

Jiangsu Wuyang Automation Control Technology Co Interest Coverage Related Terms

Thank you for viewing the detailed overview of Jiangsu Wuyang Automation Control Technology Co's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Jiangsu Wuyang Automation Control Technology Co (SZSE:300420) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Jiangsu Wuyang Automation Control Technology Co Ltd (SZSE:300420) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

East of Yinshan Road, Zhujiang North Road, Tongshan New District, Xuzhou, CHN, 221116

Website

http://www.wuyangkeji.com

Jiangsu Wuyang Parking Industry Group Co Ltd is a conglomerate. Its main business covers intelligent garage, automated production line, three-dimensional storage, mine safety equipment, unmanned ships, financial services, six major sections, with Wuyang, Flextronics two brands, under the jurisdiction of Xuzhou, Shenzhen, Hefei and other bases. Based on industrial control technology, the company focuses on the Research and Development, design, production, and sales of automation equipment. It also has a smart garage business.

Executives

Hou You Fu	Director
Zhang Ye	Supervisors
Hu Yun Gao	Directors, executives
Cai Min	Director
Sun Jin Ming	Directors, executives
Liu Long Bao	Director
Tong Min	Director
Zhang Li Yong	Directors, executives
Wang Chong Gui	Independent director
Du Jin Feng	Director

Jiangsu Wuyang Automation Control Technology Co (SZSE:300420) Headlines

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