GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Sinoma International Engineering Co Ltd (SHSE:600970) » Definitions » Interest Coverage

Sinoma International Engineering Co (SHSE:600970) Interest Coverage : 14.84 (As of Sep. 2024)


View and export this data going back to 2005. Start your Free Trial

What is Sinoma International Engineering 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. Sinoma International Engineering Co's Operating Income for the three months ended in Sep. 2024 was ¥857 Mil. Sinoma International Engineering Co's Interest Expense for the three months ended in Sep. 2024 was ¥-58 Mil. Sinoma International Engineering Co's interest coverage for the quarter that ended in Sep. 2024 was 14.84. The higher the ratio, the stronger the company's financial strength is.

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

SHSE:600970' s Interest Coverage Range Over the Past 10 Years
Min: 4.73   Med: 9.02   Max: 15.15
Current: 15.15


SHSE:600970's Interest Coverage is ranked better than
64.27% of 1293 companies
in the Construction industry
Industry Median: 6.79 vs SHSE:600970: 15.15

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


Sinoma International Engineering Co Interest Coverage Historical Data

The historical data trend for Sinoma International Engineering 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.

* Premium members only.

Sinoma International Engineering Co Interest Coverage Chart

Sinoma International Engineering Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.08 13.07 9.86 13.29 14.55

Sinoma International Engineering Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.25 15.48 17.22 13.22 14.84

Competitive Comparison of Sinoma International Engineering Co's Interest Coverage

For the Engineering & Construction subindustry, Sinoma International Engineering 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.


Sinoma International Engineering Co's Interest Coverage Distribution in the Construction Industry

For the Construction industry and Industrials sector, Sinoma International Engineering Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Sinoma International Engineering Co's Interest Coverage falls into.



Sinoma International Engineering 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.

Sinoma International Engineering 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, Sinoma International Engineering Co's Interest Expense was ¥-295 Mil. Its Operating Income was ¥4,293 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥3,099 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*4293.402/-295.149
=14.55

Sinoma International Engineering Co's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the three months ended in Sep. 2024, Sinoma International Engineering Co's Interest Expense was ¥-58 Mil. Its Operating Income was ¥857 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥3,744 Mil.

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*856.946/-57.728
=14.84

* 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.


Sinoma International Engineering Co  (SHSE:600970) 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 .


Sinoma International Engineering Co Interest Coverage Related Terms

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


Sinoma International Engineering Co Business Description

Traded in Other Exchanges
N/A
Address
No. 16 Wangjing North Road, Sinoma International Building, Chaoyang District, Beijing, CHN, 100102
Sinoma International Engineering Co Ltd is a supplier of complete industry chain for cement engineering, offers full-line general contracting service, from engineering design, technology and equipment research & development, equipment manufacture and supply, civil construction, equipment installation and plant commissioning to operation & maintenance. The company's main business covers cement technology & equipment and engineering, integrating premium resources of technology, talent, management, and platform.
Executives
Sui Tong Bo senior management
Fan Li Ting senior management
Wang Yuan senior management
Xing Wan Li Supervisors
Guo Zheng Yong senior management
Liu Yan Director
He Xiao Long senior management
Yin Zhi Song Directors, senior managers
Meng Qing Lin senior management
Jiang Zhong Wen Director
Xia Zhi Yun Director
Zhao Hui Feng Supervisors
Ni Jin Rui senior management
Shen Jun senior management
Jiao Feng senior management

Sinoma International Engineering Co Headlines

No Headlines