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Jing zhou Ju lin Science And Technology Co (BJSE:873305) Interest Coverage : No Debt (1) (As of Mar. 2024)


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What is Jing zhou Ju lin Science And Technology 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. Jing zhou Ju lin Science And Technology Co's Operating Income for the three months ended in Mar. 2024 was ¥5.4 Mil. Jing zhou Ju lin Science And Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥0.0 Mil. Jing zhou Ju lin Science And Technology Co has no debt. 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. Jing zhou Ju lin Science And Technology Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

(1) 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.

The historical rank and industry rank for Jing zhou Ju lin Science And Technology Co's Interest Coverage or its related term are showing as below:

BJSE:873305' s Interest Coverage Range Over the Past 10 Years
Min: 13.51   Med: 22.1   Max: 4414.63
Current: 161.41


BJSE:873305's Interest Coverage is ranked better than
85.08% of 2292 companies
in the Industrial Products industry
Industry Median: 13.775 vs BJSE:873305: 161.41

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


Jing zhou Ju lin Science And Technology Co Interest Coverage Historical Data

The historical data trend for Jing zhou Ju lin Science And Technology 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.

* Premium members only.

Jing zhou Ju lin Science And Technology Co Interest Coverage Chart

Jing zhou Ju lin Science And Technology Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial 13.51 22.10 26.57 90.49 4,414.63

Jing zhou Ju lin Science And Technology Co Quarterly Data
Jun18 Dec18 Jun19 Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt 46.66 No Debt No Debt No Debt

Competitive Comparison of Jing zhou Ju lin Science And Technology Co's Interest Coverage

For the Tools & Accessories subindustry, Jing zhou Ju lin Science And Technology 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.


Jing zhou Ju lin Science And Technology Co's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Jing zhou Ju lin Science And Technology Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Jing zhou Ju lin Science And Technology Co's Interest Coverage falls into.



Jing zhou Ju lin Science And Technology 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.

Jing zhou Ju lin Science And Technology 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, Jing zhou Ju lin Science And Technology Co's Interest Expense was ¥-0.0 Mil. Its Operating Income was ¥35.3 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥0.0 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*35.317/-0.008
=4,414.63

Jing zhou Ju lin Science And Technology Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Jing zhou Ju lin Science And Technology Co's Interest Expense was ¥0.0 Mil. Its Operating Income was ¥5.4 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥0.0 Mil.

Jing zhou Ju lin Science And Technology Co had no debt (1).

* 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.

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


Jing zhou Ju lin Science And Technology Co  (BJSE:873305) 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 .


Jing zhou Ju lin Science And Technology Co Interest Coverage Related Terms

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Jing zhou Ju lin Science And Technology Co (BJSE:873305) Business Description

Traded in Other Exchanges
N/A
Address
No. 129, Xihu Road, Guanju Industrial Park, Shashi District, Hubei Province, Jingzhou City, CHN, 434000
Jing zhou Ju lin Science And Technology Co Ltd is mainly engaged in the research, development, and production of powder metallurgy and magnetic material products. It manufactures magnetic materials, non-ferrous metal alloy products, plastic products, mechanical equipment, and household appliances.

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