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Quang Ninh Thermal power JSC (HSTC:QTP) Interest Coverage : 17.09 (As of Sep. 2024)


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What is Quang Ninh Thermal power JSC 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. Quang Ninh Thermal power JSC's Operating Income for the three months ended in Sep. 2024 was ₫87,773 Mil. Quang Ninh Thermal power JSC's Interest Expense for the three months ended in Sep. 2024 was ₫-5,135 Mil. Quang Ninh Thermal power JSC's interest coverage for the quarter that ended in Sep. 2024 was 17.09. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Quang Ninh Thermal power JSC's Interest Coverage or its related term are showing as below:

HSTC:QTP' s Interest Coverage Range Over the Past 10 Years
Min: 3.77   Med: 7.27   Max: 29.97
Current: 29.97


HSTC:QTP's Interest Coverage is ranked better than
90.18% of 326 companies
in the Utilities - Independent Power Producers industry
Industry Median: 3.01 vs HSTC:QTP: 29.97

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


Quang Ninh Thermal power JSC Interest Coverage Historical Data

The historical data trend for Quang Ninh Thermal power JSC'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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Quang Ninh Thermal power JSC Interest Coverage Chart

Quang Ninh Thermal power JSC Annual Data
Trend Dec21 Dec22 Dec23
Interest Coverage
3.77 7.27 12.24

Quang Ninh Thermal power JSC Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.97 25.51 43.34 34.77 17.09

Competitive Comparison of Quang Ninh Thermal power JSC's Interest Coverage

For the Utilities - Renewable subindustry, Quang Ninh Thermal power JSC'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.


Quang Ninh Thermal power JSC's Interest Coverage Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Quang Ninh Thermal power JSC's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Quang Ninh Thermal power JSC's Interest Coverage falls into.


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Quang Ninh Thermal power JSC 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.

Quang Ninh Thermal power JSC'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, Quang Ninh Thermal power JSC's Interest Expense was ₫-57,480 Mil. Its Operating Income was ₫703,578 Mil. And its Long-Term Debt & Capital Lease Obligation was ₫217,750 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*703578.145/-57479.962
=12.24

Quang Ninh Thermal power JSC's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the three months ended in Sep. 2024, Quang Ninh Thermal power JSC's Interest Expense was ₫-5,135 Mil. Its Operating Income was ₫87,773 Mil. And its Long-Term Debt & Capital Lease Obligation was ₫142,750 Mil.

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*87772.76/-5134.708
=17.09

* 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.


Quang Ninh Thermal power JSC  (HSTC:QTP) 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 .


Quang Ninh Thermal power JSC Interest Coverage Related Terms

Thank you for viewing the detailed overview of Quang Ninh Thermal power JSC's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Quang Ninh Thermal power JSC Business Description

Traded in Other Exchanges
N/A
Address
Group 33 Area 5, Ha Khanh Ward, Quang Ninh Province, Ha Long City, VNM
Quang Ninh Thermal power JSC is engaged in the generation, transmission, and distribution of electricity.

Quang Ninh Thermal power JSC Headlines

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