DB HiTek Co (XKRX:000990) Interest Coverage : 102.51 (As of Dec. 2023)

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What is DB HiTek 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. DB HiTek Co's Operating Income for the three months ended in Dec. 2023 was ₩42,236 Mil. DB HiTek Co's Interest Expense for the three months ended in Dec. 2023 was ₩-412 Mil. DB HiTek Co's interest coverage for the quarter that ended in Dec. 2023 was 102.51. 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. DB HiTek Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

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

XKRX:000990' s Interest Coverage Range Over the Past 10 Years
Min: 0.67 Med: 10.12 Max: 644.23
Current: 644.23

XKRX:000990's Interest Coverage is ranked better than
89.55% of 622 companies
in the Semiconductors industry
Industry Median: 20.52 vs XKRX:000990: 644.23

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

DB HiTek Co Interest Coverage Historical Data

The historical data trend for DB HiTek 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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DB HiTek Co Interest Coverage Chart

DB HiTek Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

13.44

36.79

121.62

457.04

244.87

DB HiTek Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															156.66	N/A	N/A	N/A	102.51

Competitive Comparison of DB HiTek Co's Interest Coverage

For the Semiconductors subindustry, DB HiTek 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.

DB HiTek Co's Interest Coverage Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, DB HiTek Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where DB HiTek Co's Interest Coverage falls into.

DB HiTek 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.

DB HiTek 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, DB HiTek Co's Interest Expense was ₩-1,084 Mil. Its Operating Income was ₩265,437 Mil. And its Long-Term Debt & Capital Lease Obligation was ₩74,339 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	265437.456	/	-1084
	=	244.87

DB HiTek Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, DB HiTek Co's Interest Expense was ₩-412 Mil. Its Operating Income was ₩42,236 Mil. And its Long-Term Debt & Capital Lease Obligation was ₩74,339 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	42235.592	/	-412.024
	=	102.51

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

DB HiTek Co (XKRX:000990) 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 .

DB HiTek Co Interest Coverage Related Terms

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

DB HiTek Co (XKRX:000990) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » DB HiTek Co Ltd (XKRX:000990) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

90, Sudo-ro, Gyeonggi-do, Bucheon-si, KOR, 135-523

Website

http://www.dbhitek.co.kr

DB HiTek Co Ltd operates foundry facilities for the semiconductor industry. It primarily builds fab system-large scale integration wafers used in signal processing chips. The company uses wafer processing technology to develop chip solutions for electronic products such as televisions, computers, mobile phones, and automobiles. Dongbu Hitek's facilities add value in the areas of analog, power, embedded flash, display driver integrated circuits and image sensors. Through a network of global sales offices and support centers, the company brings its services to North America, Europe, and Asia.

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