St Shine Optical Co (ROCO:1565) Interest Coverage : 86.50 (As of Dec. 2023)

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What is St Shine Optical 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. St Shine Optical Co's Operating Income for the three months ended in Dec. 2023 was NT$189 Mil. St Shine Optical Co's Interest Expense for the three months ended in Dec. 2023 was NT$-2 Mil. St Shine Optical Co's interest coverage for the quarter that ended in Dec. 2023 was 86.50. 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. St Shine Optical Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

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

ROCO:1565' s Interest Coverage Range Over the Past 10 Years
Min: 58.71 Med: 120.69 Max: 251.6
Current: 58.71

ROCO:1565's Interest Coverage is ranked better than
68.79% of 423 companies
in the Medical Devices & Instruments industry
Industry Median: 19.77 vs ROCO:1565: 58.71

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

St Shine Optical Co Interest Coverage Historical Data

The historical data trend for St Shine Optical 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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St Shine Optical Co Interest Coverage Chart

St Shine Optical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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104.83

74.58

115.09

109.15

58.71

St Shine Optical 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															108.26	64.26	47.83	37.13	86.50

Competitive Comparison of St Shine Optical Co's Interest Coverage

For the Medical Instruments & Supplies subindustry, St Shine Optical 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.

St Shine Optical Co's Interest Coverage Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, St Shine Optical Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where St Shine Optical Co's Interest Coverage falls into.

St Shine Optical 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.

St Shine Optical 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, St Shine Optical Co's Interest Expense was NT$-10 Mil. Its Operating Income was NT$601 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$317 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	600.742	/	-10.233
	=	58.71

St Shine Optical Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, St Shine Optical Co's Interest Expense was NT$-2 Mil. Its Operating Income was NT$189 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$317 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	188.65	/	-2.181
	=	86.50

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

St Shine Optical Co (ROCO:1565) 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 .

St Shine Optical Co Interest Coverage Related Terms

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

St Shine Optical Co (ROCO:1565) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » St Shine Optical Co Ltd (ROCO:1565) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ta Tung Road, 5th Floor, No.276, Section 1, Hsi Chih District, New Taipei, TWN, 22146

Website

https://www.stshine.com.tw

St Shine Optical Co Ltd is a contact lens manufacturer and one of the largest suppliers of contact lenses in Taiwan. The company primarily sells soft contact lenses, including daily disposable, frequent replacement spherical, frequent replacement toric, colored, and silicone hydrogel lenses. Its frequent replacement portfolio includes weekly, monthly, and quarterly replacement lenses with a range of water contents. St Shine manufactures its lenses with a cast-molding technology developed in-house and uses a computerized lathe cut system to manufacture progressive multifocal lenses used to correct presbyopia. It operates in two segments: Cast molding lenses and Others.

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