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Ushine Photonics (ROCO:3678) Interest Coverage : 13.54 (As of Dec. 2024)


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What is Ushine Photonics 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. Ushine Photonics's Operating Income for the six months ended in Dec. 2024 was NT$44.3 Mil. Ushine Photonics's Interest Expense for the six months ended in Dec. 2024 was NT$-3.3 Mil. Ushine Photonics's interest coverage for the quarter that ended in Dec. 2024 was 13.54. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Ushine Photonics's Interest Coverage or its related term are showing as below:

ROCO:3678' s Interest Coverage Range Over the Past 10 Years
Min: 0.16   Med: 1.37   Max: 36.16
Current: 9.24


ROCO:3678's Interest Coverage is ranked worse than
50.88% of 1187 companies
in the Chemicals industry
Industry Median: 9.67 vs ROCO:3678: 9.24

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


Ushine Photonics Interest Coverage Historical Data

The historical data trend for Ushine Photonics'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.

* Premium members only.

Ushine Photonics Interest Coverage Chart

Ushine Photonics Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.61 11.37 36.16 1.37 9.24

Ushine Photonics 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 34.62 3.50 - 4.79 13.54

Competitive Comparison of Ushine Photonics's Interest Coverage

For the Chemicals subindustry, Ushine Photonics'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.


Ushine Photonics's Interest Coverage Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ushine Photonics's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Ushine Photonics's Interest Coverage falls into.


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Ushine Photonics 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.

Ushine Photonics'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, Ushine Photonics's Interest Expense was NT$-6.4 Mil. Its Operating Income was NT$59.5 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$189.0 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2024 )/Interest Expense (A: Dec. 2024 )
=-1*59.476/-6.435
=9.24

Ushine Photonics's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the six months ended in Dec. 2024, Ushine Photonics's Interest Expense was NT$-3.3 Mil. Its Operating Income was NT$44.3 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$189.0 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2024 )/Interest Expense (Q: Dec. 2024 )
=-1*44.334/-3.275
=13.54

* 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.


Ushine Photonics  (ROCO:3678) 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 .


Ushine Photonics Interest Coverage Related Terms

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


Ushine Photonics Business Description

Traded in Other Exchanges
N/A
Address
No. 199, Section 3, Huanbei Road, Hsinchu, Chupei City, TWN, 302
Ushine Photonics Corp produces indium tin oxide film products for the touch panel and display industries. Its products include ITO-films for resistive touch panels, Low resistivity TCO-films, Optical Clear Adhesives, and Anti-static protective film. It is specialized in material analysis, roll-to-roll vacuum coater design, and reactive sputtering process.

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