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Trade-Van Information Services Co (TPE:6183) Interest Coverage : 720.04 (As of Mar. 2024)


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What is Trade-Van Information Services 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. Trade-Van Information Services Co's Operating Income for the three months ended in Mar. 2024 was NT$132 Mil. Trade-Van Information Services Co's Interest Expense for the three months ended in Mar. 2024 was NT$-0 Mil. Trade-Van Information Services Co's interest coverage for the quarter that ended in Mar. 2024 was 720.04. 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. Trade-Van Information Services Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Trade-Van Information Services Co's Interest Coverage or its related term are showing as below:

TPE:6183' s Interest Coverage Range Over the Past 10 Years
Min: 293.49   Med: 621.43   Max: No Debt
Current: 721.09


TPE:6183's Interest Coverage is ranked better than
89.02% of 792 companies
in the Business Services industry
Industry Median: 13.34 vs TPE:6183: 721.09

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


Trade-Van Information Services Co Interest Coverage Historical Data

The historical data trend for Trade-Van Information Services 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.

Trade-Van Information Services Co Interest Coverage Chart

Trade-Van Information Services Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 999.79 525.32 390.40 560.79 682.07

Trade-Van Information Services 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 582.36 731.09 773.24 651.63 720.04

Competitive Comparison of Trade-Van Information Services Co's Interest Coverage

For the Specialty Business Services subindustry, Trade-Van Information Services 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.


Trade-Van Information Services Co's Interest Coverage Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Trade-Van Information Services Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Trade-Van Information Services Co's Interest Coverage falls into.



Trade-Van Information Services 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.

Trade-Van Information Services 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, Trade-Van Information Services Co's Interest Expense was NT$-1 Mil. Its Operating Income was NT$559 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$12 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*559.301/-0.82
=682.07

Trade-Van Information Services Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Trade-Van Information Services Co's Interest Expense was NT$-0 Mil. Its Operating Income was NT$132 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$52 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*131.767/-0.183
=720.04

* 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.


Trade-Van Information Services Co  (TPE:6183) 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 .


Trade-Van Information Services Co Interest Coverage Related Terms

Thank you for viewing the detailed overview of Trade-Van Information Services Co's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Trade-Van Information Services Co (TPE:6183) Business Description

Traded in Other Exchanges
N/A
Address
No. 19-13, Sanchong Road, 6th Floor, Nangang District, Taipei, TWN, 115
Trade-Van Information Services Co Ltd is a Taiwan-based company. The company has only one reportable segment that is providing electronic data exchanging and related services. The group earns revenue in the form of Electronic data exchanging services, project services, and Equipment managing services.

Trade-Van Information Services Co (TPE:6183) Headlines

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