Alibaba Health Information Technology (Alibaba Health Information Technology) Interest Coverage : 130.42 (As of Sep. 2023)

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What is Alibaba Health Information Technology 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. Alibaba Health Information Technology's Operating Income for the six months ended in Sep. 2023 was $44 Mil. Alibaba Health Information Technology's Interest Expense for the six months ended in Sep. 2023 was $-0 Mil. Alibaba Health Information Technology's interest coverage for the quarter that ended in Sep. 2023 was 130.42. 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. Alibaba Health Information Technology Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Alibaba Health Information Technology's Interest Coverage or its related term are showing as below:

ALBHF' s Interest Coverage Range Over the Past 10 Years
Min: 8.79 Med: No Debt Max: No Debt
Current: 67.28

ALBHF's Interest Coverage is ranked better than
77.59% of 406 companies
in the Healthcare Providers & Services industry
Industry Median: 9.005 vs ALBHF: 67.28

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

Alibaba Health Information Technology Interest Coverage Historical Data

The historical data trend for Alibaba Health Information Technology'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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Alibaba Health Information Technology Interest Coverage Chart

Alibaba Health Information Technology Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

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45.27

8.79

Alibaba Health Information Technology Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Coverage	Get a 7-Day Free Trial															-	-	9.16	8.27	130.42

Competitive Comparison of Alibaba Health Information Technology's Interest Coverage

For the Pharmaceutical Retailers subindustry, Alibaba Health Information Technology'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.

Alibaba Health Information Technology's Interest Coverage Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Alibaba Health Information Technology's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Alibaba Health Information Technology's Interest Coverage falls into.

Alibaba Health Information Technology 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.

Alibaba Health Information Technology's Interest Coverage for the fiscal year that ended in Mar. 2023 is calculated as

Here, for the fiscal year that ended in Mar. 2023, Alibaba Health Information Technology's Interest Expense was $-1 Mil. Its Operating Income was $7 Mil. And its Long-Term Debt & Capital Lease Obligation was $6 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	7.437	/	-0.846
	=	8.79

Alibaba Health Information Technology's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the six months ended in Sep. 2023, Alibaba Health Information Technology's Interest Expense was $-0 Mil. Its Operating Income was $44 Mil. And its Long-Term Debt & Capital Lease Obligation was $7 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	43.82	/	-0.336
	=	130.42

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

Alibaba Health Information Technology (OTCPK:ALBHF) 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 .

Alibaba Health Information Technology Interest Coverage Related Terms

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Alibaba Health Information Technology (Alibaba Health Information Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Alibaba Health Information Technology Ltd (OTCPK:ALBHF) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

ALBBY:USA 00241:Hong Kong TWYA:Germany TWY:Germany TWY:Germany

Address

Guanghua Road, 65/F, CITIC Tower, Building 1, No.10, Jianwai Subdistrict, Chaoyang District, Beijing, CHN

Website

https://www.alihealth.cn

Alibaba Health is of one of China's leading e-commerce platform specializing in healthcare-related products, including prescription drugs, OTC drugs, traditional Chinese medicine, health foods, and so on. The company operates both a third-party B2C service, or 3P, and its own direct-to-consumer business, or 1P, with its own inventory, which can both be accessed by Alibaba's Tmall app and Alipay. The company also provides online consultation services in a separate app called Yilu or "Dr. Deer", although its e-commerce businesses remain its core competency in the long-term. E-commerce accounted for 97% of revenue in fiscal year 2022. We estimate that AliHealth holds about 45% of market share in the industry in terms of GMV. AliHealth is 63.74% owned by its parent company, Alibaba Group.