Qingsong Health Co (ROCO:6931) Interest Coverage : 4.02 (As of Dec. 2023)

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What is Qingsong Health 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. Qingsong Health Co's Operating Income for the six months ended in Dec. 2023 was NT$38.1 Mil. Qingsong Health Co's Interest Expense for the six months ended in Dec. 2023 was NT$-9.5 Mil. Qingsong Health Co's interest coverage for the quarter that ended in Dec. 2023 was 4.02. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Qingsong Health Co's Interest Coverage or its related term are showing as below:

ROCO:6931' s Interest Coverage Range Over the Past 10 Years
Min: 1.02 Med: 2.46 Max: 3.05
Current: 3.05

ROCO:6931's Interest Coverage is ranked worse than
72.79% of 408 companies
in the Healthcare Providers & Services industry
Industry Median: 8.91 vs ROCO:6931: 3.05

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

Qingsong Health Co Interest Coverage Historical Data

The historical data trend for Qingsong Health 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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Qingsong Health Co Interest Coverage Chart

Qingsong Health Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

2.34

2.58

1.02

3.05

Qingsong Health Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial			-	0.36	1.61	1.93	4.02

Competitive Comparison of Qingsong Health Co's Interest Coverage

For the Medical Care Facilities subindustry, Qingsong Health 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.

Qingsong Health Co's Interest Coverage Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Qingsong Health Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Qingsong Health Co's Interest Coverage falls into.

Qingsong Health 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.

Qingsong Health 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, Qingsong Health Co's Interest Expense was NT$-17.6 Mil. Its Operating Income was NT$53.8 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$802.0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	53.832	/	-17.636
	=	3.05

Qingsong Health Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Qingsong Health Co's Interest Expense was NT$-9.5 Mil. Its Operating Income was NT$38.1 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$802.0 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	38.135	/	-9.497
	=	4.02

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

Qingsong Health Co (ROCO:6931) 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 .

Qingsong Health Co Interest Coverage Related Terms

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

Qingsong Health Co (ROCO:6931) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Qingsong Health Co Ltd (ROCO:6931) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 219, Section 3, Zhongtou West Road, Dali District, Taichung, TWN

Website

https://www.qingsong.com.tw

Qingsong Health Co Ltd is an elderly parental care organization. It provides a variety of care solutions from home to institutions to protect families, creates a livable living environment and provides warm care services, so that the elders can spend their old age with smiles and satisfaction in their silver-haired years.

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