CXDC (China XD Plastics Co) Interest Coverage : 4.42 (As of Dec. 2020)

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What is China XD Plastics 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. China XD Plastics Co's Operating Income for the three months ended in Dec. 2020 was $64 Mil. China XD Plastics Co's Interest Expense for the three months ended in Dec. 2020 was $-14 Mil. China XD Plastics Co's interest coverage for the quarter that ended in Dec. 2020 was 4.42. The higher the ratio, the stronger the company's financial strength is.

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

CXDC's Interest Coverage is not ranked ^*
in the Chemicals industry.
Industry Median: 9.72
* Ranked among companies with meaningful Interest Coverage only.

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

China XD Plastics Co Interest Coverage Historical Data

The historical data trend for China XD Plastics 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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China XD Plastics Co Interest Coverage Chart

China XD Plastics Co Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Interest Coverage

Get a 7-Day Free Trial

4.15

3.74

2.31

1.18

1.31

China XD Plastics Co Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
Interest Coverage	Get a 7-Day Free Trial															-	0.29	1.99	-	4.42

Competitive Comparison of China XD Plastics Co's Interest Coverage

For the Specialty Chemicals subindustry, China XD Plastics 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.

China XD Plastics Co's Interest Coverage Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, China XD Plastics Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where China XD Plastics Co's Interest Coverage falls into.

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China XD Plastics 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.

China XD Plastics Co's Interest Coverage for the fiscal year that ended in Dec. 2020 is calculated as

Here, for the fiscal year that ended in Dec. 2020, China XD Plastics Co's Interest Expense was $-71 Mil. Its Operating Income was $93 Mil. And its Long-Term Debt & Capital Lease Obligation was $741 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2020 )	/	Interest Expense (A: Dec. 2020 )
	=	-1	*	93.321	/	-71.177
	=	1.31

China XD Plastics Co's Interest Coverage for the quarter that ended in Dec. 2020 is calculated as

Here, for the three months ended in Dec. 2020, China XD Plastics Co's Interest Expense was $-14 Mil. Its Operating Income was $64 Mil. And its Long-Term Debt & Capital Lease Obligation was $741 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2020 )	/	Interest Expense (Q: Dec. 2020 )
	=	-1	*	63.785	/	-14.42
	=	4.42

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

China XD Plastics Co (OTCPK:CXDC) 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 .

China XD Plastics Co Interest Coverage Related Terms

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

China XD Plastics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » China XD Plastics Co Ltd (OTCPK:CXDC) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 9 Dalian North Road, Haping Road Centralized Industrial Park, Harbin Development Zone, Heilongjiang, CHN, 150060

Website

http://www.chinaxd.net

China XD Plastics Co Ltd manufactures special plastic material that is used for automobiles. Its product offering includes automobile exteriors, interiors and other components such as air conditioner casing, heating and ventilation casing, engine covers and air ducts which marketed are predominantly sold in China.

Executives

Dahe Zhang	director, officer: Chief Financial Officer	500 5TH AVENUE, SUITE 4120, NEW YORK NY 10110
Jie Han	director, 10 percent owner, officer: Chief Executive Officer	NO 9 QINLING RD, YINGBIN RD, CENTRALIZED IND PARK, HARBIN DEVELP CTR HEILONGJIANG F4 150078
Qingwei Ma	officer: Chief Operating Officer	NO 9 QINLING RD, YINGBIN RD, CENTRALIZED IND PARK, HARBIN DEVELP CTR HEILONGJIANG F4 150078
Faith Dawn Ltd	10 percent owner	NO. 9 DALIAN NORTH ROAD HAPING ROAD CENTRALIZED INDUSTRIAL PARK HEILONGJIANG PROVINCE F4 00000
Faith Abundant Ltd	10 percent owner	NO. 9 DALIAN NORTH ROAD HAPING ROAD CENTRALIZED INDUSTRIAL PARK HEILONGJIANG PROVINCE F4 00000
Guanbao Huang	director	NO. 9 DALIAN N RD, HAPING RD CEN IND PK HARBIN DEVELOPMENT ZONE HEILONGJIANG PROVINCE F4 150060
Huiyi Chen	director	NO. 9 DALIAN N RD, HAPING RD CEN IND PK HARBIN DEVELOPMENT ZONE HEILONGJIANG PROVINCE F4 150060
Junjie Ma	officer: Chief Technology Officer	NO 9 QINLING RD, YINGBIN RD, CENTRALIZED IND PARK, HARBIN DEVELP CTR HEILONGJIANG F4 150078
North Haven Private Equity Asia Employee Investors Iii, L.p.	10 percent owner, other: See Explanation of Responses	1585 BROADWAY NEW YORK NY 10036
Ms Holdings Inc	10 percent owner, other: See Explanation of Responses	1585 BROADWAY NEW YORK NY 10036
Mspea Modified Plastics Holding Ltd	10 percent owner, other: See Explanation of Responses	C/O WALKERS CORPORATE SERVICES LIMITED WALKER HOUSE, 87 MARY STREET GEORGE TOWN, GRAND CAYMAN E9 KYI-9005
Stanley Morgan	10 percent owner, other: See Explanation of Responses	1585 BROADWAY, NEW YORK NY 10036
Xd Engineering Plastics Co Ltd	10 percent owner	PO BOX 957, OFFSHORE INCORPORATIONS CTR ROAD TOWN TORTOLA D8 00000
Ryan Law	director	C/O MORGAN STANLEY INTL. COMMERCE CTR, 1 AUSTIN RD W 46 FL KOWLOON K3 -
Xin Li	director	NO. 9 DALIAN N RD, HAPING RD CEN IND PK HARBIN DEVELOPMENT ZONE HEILONGJIANG PROVINCE F4 150060