Zhuzhou CRRC Times Electric Co (HKSE:03898) Interest Coverage : 124.24 (As of Dec. 2024)

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What is Zhuzhou CRRC Times Electric 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. Zhuzhou CRRC Times Electric Co's Operating Income for the six months ended in Dec. 2024 was HK$1,922 Mil. Zhuzhou CRRC Times Electric Co's Interest Expense for the six months ended in Dec. 2024 was HK$-15 Mil. Zhuzhou CRRC Times Electric Co's interest coverage for the quarter that ended in Dec. 2024 was 124.24. 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. Zhuzhou CRRC Times Electric Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Zhuzhou CRRC Times Electric Co's Interest Coverage or its related term are showing as below:

HKSE:03898' s Interest Coverage Range Over the Past 10 Years
Min: 53.65 Med: 113.2 Max: 1009.44
Current: 89.12

HKSE:03898's Interest Coverage is ranked better than
91.3% of 839 companies
in the Transportation industry
Industry Median: 5.98 vs HKSE:03898: 89.12

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

Zhuzhou CRRC Times Electric Co Interest Coverage Historical Data

The historical data trend for Zhuzhou CRRC Times Electric 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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Zhuzhou CRRC Times Electric Co Interest Coverage Chart

Zhuzhou CRRC Times Electric Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Coverage

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179.62

93.60

96.75

53.65

89.23

Zhuzhou CRRC Times Electric Co Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Interest Coverage	Get a 7-Day Free Trial															75.71	57.98	50.63	68.86	124.24

Competitive Comparison of Zhuzhou CRRC Times Electric Co's Interest Coverage

For the Railroads subindustry, Zhuzhou CRRC Times Electric 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.

Zhuzhou CRRC Times Electric Co's Interest Coverage Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Zhuzhou CRRC Times Electric Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Zhuzhou CRRC Times Electric Co's Interest Coverage falls into.

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Zhuzhou CRRC Times Electric 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.

Zhuzhou CRRC Times Electric Co'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, Zhuzhou CRRC Times Electric Co's Interest Expense was HK$-42 Mil. Its Operating Income was HK$3,752 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$267 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2024 )	/	Interest Expense (A: Dec. 2024 )
	=	-1	*	3752.22	/	-42.053
	=	89.23

Zhuzhou CRRC Times Electric Co's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the six months ended in Dec. 2024, Zhuzhou CRRC Times Electric Co's Interest Expense was HK$-15 Mil. Its Operating Income was HK$1,922 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$267 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	1921.634	/	-15.467
	=	124.24

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

Zhuzhou CRRC Times Electric Co (HKSE:03898) 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 .

Zhuzhou CRRC Times Electric Co Interest Coverage Related Terms

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

Zhuzhou CRRC Times Electric Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Zhuzhou CRRC Times Electric Co Ltd (HKSE:03898) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

ZTX:Germany 688187:China

Address

No. 169 Times Road, Shifeng District, Hunan Province, Zhuzhou, CHN, 412001

Website

http://www.tec.crrczic.cc

Zhuzhou CRRC Times Electric Co Ltd is in the R&D, design, manufacturing, and sales of rail transit equipment products and the provision of related services, and has an industrial structure of components, systems, and complete machines. Its products mainly include rail transit electrical equipment, railway engineering machinery, communication signal systems, and others. Meanwhile, the Company actively expands to industries other than rail transit, and conducts business in the fields of power semiconductor devices, industrial converter products, electric drive systems for new energy vehicles, sensor devices, and marine equipment, The Company operates in the domestic market and overseas markets.

Executives

Jpmorgan Chase & Co.	2502 Approved lending agent
Citigroup Inc.	2502 Approved lending agent
Norges Bank	2101 Beneficial owner
Crrc Group Co., Ltd.	2201 Interest of corporation controlled by you
Zhong Guo Zhong Che Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Zhong Che Xiang Gang Zi Ben Guan Li You Xian Gong Si	2101 Beneficial owner
Blackrock, Inc.	2201 Interest of corporation controlled by you
Crrc Group Co., Ltd.	2201 Interest of corporation controlled by you
Brown Brothers Harriman & Co.	2502 Approved lending agent
Vontobel Asset Management Ag	2102 Investment manager

Zhuzhou CRRC Times Electric Co Headlines

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