Great China Metal Industry Co (TPE:9905) Interest Coverage : 4,037.67 (As of Sep. 2023)

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What is Great China Metal Industry 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. Great China Metal Industry Co's Operating Income for the three months ended in Sep. 2023 was NT$198 Mil. Great China Metal Industry Co's Interest Expense for the three months ended in Sep. 2023 was NT$-0 Mil. Great China Metal Industry Co's interest coverage for the quarter that ended in Sep. 2023 was 4,037.67. 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. Great China Metal Industry Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Great China Metal Industry Co's Interest Coverage or its related term are showing as below:

TPE:9905' s Interest Coverage Range Over the Past 10 Years
Min: 62.66 Med: 145.33 Max: 2241.97
Current: 2241.97

TPE:9905's Interest Coverage is ranked better than
96.15% of 312 companies
in the Packaging & Containers industry
Industry Median: 7 vs TPE:9905: 2241.97

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

Great China Metal Industry Co Interest Coverage Historical Data

The historical data trend for Great China Metal Industry 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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Great China Metal Industry Co Interest Coverage Chart

Great China Metal Industry Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Coverage

Get a 7-Day Free Trial

102.14

160.22

885.24

2,053.51

1,947.03

Great China Metal Industry Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Coverage	Get a 7-Day Free Trial															3,785.81	1,414.85	1,248.68	2,593.04	4,037.67

Competitive Comparison of Great China Metal Industry Co's Interest Coverage

For the Packaging & Containers subindustry, Great China Metal Industry 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.

Great China Metal Industry Co's Interest Coverage Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Great China Metal Industry Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Great China Metal Industry Co's Interest Coverage falls into.

Great China Metal Industry 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.

Great China Metal Industry Co's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, Great China Metal Industry Co's Interest Expense was NT$-0 Mil. Its Operating Income was NT$522 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$15 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2022 )	/	Interest Expense (A: Dec. 2022 )
	=	-1	*	521.804	/	-0.268
	=	1,947.03

Great China Metal Industry Co's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, Great China Metal Industry Co's Interest Expense was NT$-0 Mil. Its Operating Income was NT$198 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$11 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	197.846	/	-0.049
	=	4,037.67

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

Great China Metal Industry Co (TPE:9905) 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 .

Great China Metal Industry Co Interest Coverage Related Terms

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

Great China Metal Industry Co (TPE:9905) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Great China Metal Industry Co Ltd (TPE:9905) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 293-805, Songjiang Road, Zhongshan District, Taipei, TWN

Website

http://www.gcm.com.tw

Great China Metal Industry Co Ltd engaged in providing printing services for metal, manufacturing and selling metal containers, other plastic products, and packing machines. The company's primary product categories include aluminum packaging, steel packaging, and plastic packaging. The aluminum packaging products include two-piece aluminum cans, which are used for beverages. The steel packaging products include three-piece steel cans used for beverages and draw and redraw cans used for food. The plastic packaging products include plastic closures, which are used for beverages and stretch films.

Great China Metal Industry Co (TPE:9905) Headlines

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