Power Glory Battery Tech Shenzhen Co (BJSE:835237) Interest Coverage : 387.87 (As of Sep. 2024)

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What is Power Glory Battery Tech Shenzhen 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. Power Glory Battery Tech Shenzhen Co's Operating Income for the three months ended in Sep. 2024 was ¥18.2 Mil. Power Glory Battery Tech Shenzhen Co's Interest Expense for the three months ended in Sep. 2024 was ¥-0.0 Mil. Power Glory Battery Tech Shenzhen Co's interest coverage for the quarter that ended in Sep. 2024 was 387.87. 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. Power Glory Battery Tech Shenzhen Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Power Glory Battery Tech Shenzhen Co's Interest Coverage or its related term are showing as below:

BJSE:835237' s Interest Coverage Range Over the Past 10 Years
Min: 0.33 Med: 29.81 Max: 1117.83
Current: 870.45

BJSE:835237's Interest Coverage is ranked better than
93.89% of 2259 companies
in the Industrial Products industry
Industry Median: 14.51 vs BJSE:835237: 870.45

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

Power Glory Battery Tech Shenzhen Co Interest Coverage Historical Data

The historical data trend for Power Glory Battery Tech Shenzhen 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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Power Glory Battery Tech Shenzhen Co Interest Coverage Chart

Power Glory Battery Tech Shenzhen Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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25.11

186.31

156.01

62.45

1,117.83

Power Glory Battery Tech Shenzhen Co Quarterly Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Coverage	Get a 7-Day Free Trial															3,508.20	705.39	13,891.00	1,772.71	387.87

Competitive Comparison of Power Glory Battery Tech Shenzhen Co's Interest Coverage

For the Electrical Equipment & Parts subindustry, Power Glory Battery Tech Shenzhen 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.

Power Glory Battery Tech Shenzhen Co's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Power Glory Battery Tech Shenzhen Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Power Glory Battery Tech Shenzhen Co's Interest Coverage falls into.

Power Glory Battery Tech Shenzhen 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.

Power Glory Battery Tech Shenzhen 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, Power Glory Battery Tech Shenzhen Co's Interest Expense was ¥-0.0 Mil. Its Operating Income was ¥44.7 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥0.2 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	44.713	/	-0.04
	=	1,117.83

Power Glory Battery Tech Shenzhen Co's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the three months ended in Sep. 2024, Power Glory Battery Tech Shenzhen Co's Interest Expense was ¥-0.0 Mil. Its Operating Income was ¥18.2 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥0.7 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	18.23	/	-0.047
	=	387.87

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

Power Glory Battery Tech Shenzhen Co (BJSE:835237) 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 .

Power Glory Battery Tech Shenzhen Co Interest Coverage Related Terms

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

Power Glory Battery Tech Shenzhen Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Power Glory Battery Tech Shenzhen Co Ltd (BJSE:835237) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

No. 19 Xianfeng Road, Xiaoting District, Hubei Province, Yichang City, CHN, 443007

Website

https://www.szlijia.com

Power Glory Battery Tech Shenzhen Co Ltd engages in research, development, production, and sales of lithium miniature primary batteries. Its product comprises Lithium-Manganese Button Cell (CR series), Lithium-Manganese Button Cell (CR/PH series), Lithium Manganese Button Cell (CR/HT series), Poly-Carbon Monofluoride Lithium Battery (BR series), Hybrid Lithium-Ion Capacitor Battery (LSC series), Lithium-Manganese Cylindrical Battery, Lithium-Manganese Pouch Battery, Rechargeable Lithium-Manganese Button Cells (ML series), Lithium-Manganese Button Cells (CR-D Low-Temperature series), and Lithium-Manganese Button Cells (CR-T Wide-Temperature series).

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