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Qinghai Huading Industrial Co (SHSE:600243) Interest Coverage : 0 (At Loss) (As of Mar. 2025)


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What is Qinghai Huading Industrial 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. Qinghai Huading Industrial Co's Operating Income for the three months ended in Mar. 2025 was ¥-2.3 Mil. Qinghai Huading Industrial Co's Interest Expense for the three months ended in Mar. 2025 was ¥-0.2 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

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


SHSE:600243's Interest Coverage is not ranked *
in the Industrial Products industry.
Industry Median: 15.66
* Ranked among companies with meaningful Interest Coverage only.

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


Qinghai Huading Industrial Co Interest Coverage Historical Data

The historical data trend for Qinghai Huading 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.

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Qinghai Huading Industrial Co Interest Coverage Chart

Qinghai Huading Industrial Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Interest Coverage
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Qinghai Huading Industrial Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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Competitive Comparison of Qinghai Huading Industrial Co's Interest Coverage

For the Specialty Industrial Machinery subindustry, Qinghai Huading 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.


Qinghai Huading Industrial Co's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Qinghai Huading Industrial Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Qinghai Huading Industrial Co's Interest Coverage falls into.


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Qinghai Huading Industrial 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.

Qinghai Huading Industrial 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, Qinghai Huading Industrial Co's Interest Expense was ¥-1.5 Mil. Its Operating Income was ¥-39.0 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥53.7 Mil.

Qinghai Huading Industrial Co did not have earnings to cover the interest expense.

Qinghai Huading Industrial Co's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the three months ended in Mar. 2025, Qinghai Huading Industrial Co's Interest Expense was ¥-0.2 Mil. Its Operating Income was ¥-2.3 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥83.6 Mil.

Qinghai Huading Industrial Co did not have earnings to cover the interest expense.

* 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.


Qinghai Huading Industrial Co  (SHSE:600243) 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 .


Qinghai Huading Industrial Co Interest Coverage Related Terms

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Qinghai Huading Industrial Co Business Description

Traded in Other Exchanges
N/A
Address
No. 318, Qiyi Road, Qinghai Province, Xining, CHN, 810000
Qinghai Huading Industrial Co Ltd is a Chinese company engaged in the manufacture and sale of CNC horizontal lathe products, roll lathes, special railway lathes, and other machine tools.
Executives
Wang Feng Director
Yu Shi Guang Director
Li Yue Nan Supervisors
Liu Wen Zhong Director
Yang Yong Jun Director
Xiao Shan Peng senior management
Li Xiang Jun Director
Ma Xin Ping Supervisors
Wang Chun Mei Director
Yu Jian Guo Supervisors

Qinghai Huading Industrial Co Headlines

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