Shinelong Automotive Lightweight Application (HKSE:01930) Interest Coverage : 28.32 (As of Dec. 2024)

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What is Shinelong Automotive Lightweight Application 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. Shinelong Automotive Lightweight Application's Operating Income for the six months ended in Dec. 2024 was HK$14.0 Mil. Shinelong Automotive Lightweight Application's Interest Expense for the six months ended in Dec. 2024 was HK$-0.5 Mil. Shinelong Automotive Lightweight Application's interest coverage for the quarter that ended in Dec. 2024 was 28.32. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Shinelong Automotive Lightweight Application's Interest Coverage or its related term are showing as below:

HKSE:01930' s Interest Coverage Range Over the Past 10 Years
Min: 19.14 Med: 39.54 Max: 119.03
Current: 19.14

HKSE:01930's Interest Coverage is ranked better than
67.56% of 1042 companies
in the Vehicles & Parts industry
Industry Median: 8.055 vs HKSE:01930: 19.14

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

Shinelong Automotive Lightweight Application Interest Coverage Historical Data

The historical data trend for Shinelong Automotive Lightweight Application'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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Shinelong Automotive Lightweight Application Interest Coverage Chart

Shinelong Automotive Lightweight Application Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Coverage

Get a 7-Day Free Trial

39.54

25.20

28.83

46.18

19.17

Shinelong Automotive Lightweight Application Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Interest Coverage	Get a 7-Day Free Trial											41.73	59.28	32.61	10.91	28.32

Competitive Comparison of Shinelong Automotive Lightweight Application's Interest Coverage

For the Auto Parts subindustry, Shinelong Automotive Lightweight Application'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.

Shinelong Automotive Lightweight Application's Interest Coverage Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Shinelong Automotive Lightweight Application's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Shinelong Automotive Lightweight Application's Interest Coverage falls into.

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Shinelong Automotive Lightweight Application 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.

Shinelong Automotive Lightweight Application's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, Shinelong Automotive Lightweight Application's Interest Expense was HK$-1.0 Mil. Its Operating Income was HK$20.0 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$9.4 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2024 )	/	Interest Expense (A: Dec. 2024 )
	=	-1	*	19.954	/	-1.041
	=	19.17

Shinelong Automotive Lightweight Application's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the six months ended in Dec. 2024, Shinelong Automotive Lightweight Application's Interest Expense was HK$-0.5 Mil. Its Operating Income was HK$14.0 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$9.4 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	13.99	/	-0.494
	=	28.32

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

Shinelong Automotive Lightweight Application (HKSE:01930) 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 .

Shinelong Automotive Lightweight Application Interest Coverage Related Terms

Thank you for viewing the detailed overview of Shinelong Automotive Lightweight Application's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Shinelong Automotive Lightweight Application Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shinelong Automotive Lightweight Application Ltd (HKSE:01930) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

90 Yangongdai Lane, Zhangpu Town, Jiangsu Province, Kunshan, CHN

Website

http://www.shinlone.com.cn

Shinelong Automotive Lightweight Application Ltd is engaged in the design, development, manufacture, and sales of customized hot-pressing moulds, hydroforming moulds and injection moulds that are used in auto manufacturing. Apart from automotive moulds, the group also engages in the design, development, manufacture, and sales of customized plastic moulds for the production of electrical appliances and health-protective appliances. The company also offers parts processing services. Geographically, it generates maximum revenue from the PRC.

Executives

Lin Wan-yi	2101 Beneficial owner
Su Su-mei	2202 Interest of your spouse
Shine Art International Limited	2101 Beneficial owner
Friendly Holdings (hk) Co., Limited	2101 Beneficial owner
Hammurabi International Limited	2201 Interest of corporation controlled by you
Liu Fang Jung	2201 Interest of corporation controlled by you

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