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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. Sichuan Baicha Baidao Industrial Co's Operating Income for the six months ended in Jun. 2024 was HK$446 Mil. Sichuan Baicha Baidao Industrial Co's Interest Expense for the six months ended in Jun. 2024 was HK$-3 Mil. Sichuan Baicha Baidao Industrial Co's interest coverage for the quarter that ended in Jun. 2024 was 155.57. 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. Sichuan Baicha Baidao Industrial Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.
The historical rank and industry rank for Sichuan Baicha Baidao Industrial Co's Interest Coverage or its related term are showing as below:
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
The historical data trend for Sichuan Baicha Baidao Industrial 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.
Sichuan Baicha Baidao Industrial Co Annual Data | |||||||
Trend | Dec21 | Dec22 | Dec23 | ||||
Interest Coverage | 340.70 | 247.98 | 381.22 |
Sichuan Baicha Baidao Industrial Co Semi-Annual Data | |||||
Dec21 | Dec22 | Jun23 | Dec23 | Jun24 | |
Interest Coverage | N/A | N/A | 348.89 | 418.85 | 155.57 |
For the Packaged Foods subindustry, Sichuan Baicha Baidao Industrial 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.
For the Consumer Packaged Goods industry and Consumer Defensive sector, Sichuan Baicha Baidao Industrial Co's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Sichuan Baicha Baidao Industrial Co's Interest Coverage falls into.
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.
Sichuan Baicha Baidao Industrial 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, Sichuan Baicha Baidao Industrial Co's Interest Expense was HK$-4 Mil. Its Operating Income was HK$1,539 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$47 Mil.
Interest Coverage | = | -1 | * | Operating Income (A: Dec. 2023 ) | / | Interest Expense (A: Dec. 2023 ) |
= | -1 | * | 1539.358 | / | -4.038 | |
= | 381.22 |
Sichuan Baicha Baidao Industrial Co's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as
Here, for the six months ended in Jun. 2024, Sichuan Baicha Baidao Industrial Co's Interest Expense was HK$-3 Mil. Its Operating Income was HK$446 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$62 Mil.
Interest Coverage | = | -1 | * | Operating Income (Q: Jun. 2024 ) | / | Interest Expense (Q: Jun. 2024 ) |
= | -1 | * | 446.187 | / | -2.868 | |
= | 155.57 |
* 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.
Sichuan Baicha Baidao Industrial Co (HKSE:02555) 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 .
Thank you for viewing the detailed overview of Sichuan Baicha Baidao Industrial Co's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Liu Weihong | 2501 Other | |
Wang Xiaokun | 2501 Other | |
Si Chuan Heng Sheng He Rui Shi Ye Ji Tuan You Xian Gong Si | 2101 Beneficial owner | |
Cheng Du Jin Bai Sen Qi Ye Guan Li You Xian Gong Si | 2201 Interest of corporation controlled by you |
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