Ningbo Ocean Shipping CoSHSE:601022 +0.76%78 Interest Coverage is 31.60 as of Mar. 2026, which is 2% above its 10-year median of 30.96. GuruFocus rates SHSE:601022 with a GF Score™ of 78/100 and a GF Value™ of ¥11.50 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 838 Transportation companies, Ningbo Ocean Shipping Co ranks better than 86.16% on this metric.
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. Ningbo Ocean Shipping Co's
Operating Income
for the
three
months ended in Mar. 2026 was ¥200 Mil. Ningbo Ocean Shipping Co's Interest Expense for the
three
months ended in Mar. 2026 was ¥-6 Mil.
Ningbo Ocean Shipping Co's interest coverage for the quarter that ended in Mar. 2026 was 31.60.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Ningbo Ocean Shipping Co's Interest Coverage or its related term are showing as below:
SHSE:601022'
s Interest Coverage Range Over the Past 10 Years
Min: 7.38 Med: 30.96 Max: 51.08
Current: 41.02
SHSE:601022's Interest Coverage is ranked better than 86.16% of 838
companies
in the Transportation industry
Industry Median: 5.67
vs SHSE:601022: 41.02
Ningbo Ocean Shipping Co (SHSE:601022) 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 .
Ningbo Ocean Shipping Co Interest Coverage Related Terms
Ningbo Ocean Shipping Co Interest Coverage Historical Data
* 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.
Ningbo Ocean Shipping Co Interest Coverage Competitor Comparison
For the Marine Shipping subindustry, Ningbo Ocean Shipping 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.
Ningbo Ocean Shipping Co Interest Coverage vs Transportation Industry
For the Transportation industry and Industrials sector, Ningbo Ocean Shipping Co's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Ningbo Ocean Shipping Co's Interest Coverage falls into.
Ningbo Ocean Shipping 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:
* 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.
Ningbo Ocean Shipping Co (SHSE:601022) has a Interest Coverage of 31.60 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Ningbo Ocean Shipping Co and its competitors. This is near median its historical median of 30.96. Over the past decade, Ningbo Ocean Shipping Co's Interest Coverage has ranged from 7.38 to 51.08. According to the industry distribution chart, Ningbo Ocean Shipping Co ranks #116 out of 838 companies in the Transportation industry, placing it in the top 13.8%.
Is Ningbo Ocean Shipping Co's Interest Coverage too high?
Ningbo Ocean Shipping Co's current Interest Coverage of 31.60 is near median its 10-year median of 30.96. Over the past 10 years, this metric has ranged from a low of 7.38 to a high of 51.08. The Transportation industry median Interest Coverage is 5.67. Ningbo Ocean Shipping Co's value of 31.60 is 457.3% above this industry median. Based on the distribution chart, Ningbo Ocean Shipping Co ranks #116 out of 838 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Ningbo Ocean Shipping Co has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ningbo Ocean Shipping Co's Interest Coverage compare to competitors?
According to the Transportation industry distribution chart, Ningbo Ocean Shipping Co ranks #116 out of 838 companies for Interest Coverage. This places Ningbo Ocean Shipping Co in the top 14% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 5.67. Ningbo Ocean Shipping Co's value of 31.60 is 457.3% above this benchmark. Historically, Ningbo Ocean Shipping Co's own Interest Coverage has ranged from 7.38 to 51.08 over the past decade. While the company's 10-year median is 30.96 vs. the industry median of 5.67, Ningbo Ocean Shipping Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Transportation company?
The median Interest Coverage among Transportation companies is 5.67, based on 838 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ningbo Ocean Shipping Co's current Interest Coverage of 31.60 is 457.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Ningbo Ocean Shipping Co and its competitors. For the Transportation industry, the median Interest Coverage is 5.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo Ocean Shipping Co's current Interest Coverage is 31.60, which is near median its own 10-year median of 30.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Ocean Shipping Co stock overvalued right now?
Based on GuruFocus' analysis, Ningbo Ocean Shipping Co (SHSE:601022) is currently considered Significantly Undervalued. The stock's GF Value™ is ¥11.50, compared to a current price of ¥7.91 — trading 31.2% below its estimated fair value. The current Interest Coverage is 31.60, which is near median its 10-year median of 30.96 and 457.3% above the Transportation industry median of 5.67. Ningbo Ocean Shipping Co's overall GF Score™ is 78/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Ningbo Ocean Shipping Co (SHSE:601022), the current Interest Coverage is 31.60 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Ningbo Ocean Shipping Co (SHSE:601022) Overvalued in 2026?
Based on GuruFocus' analysis, Ningbo Ocean Shipping Co stock appears to be undervalued.
The current stock price of ¥7.91 is trading 31.2% below its estimated GF Value™ of ¥11.50.
GuruFocus considers Ningbo Ocean Shipping Co to be Significantly Undervalued.
Key valuation signals for SHSE:601022:
Interest Coverage: 31.60 (near median its 10-year median of 30.96)
GF Value™: ¥11.50 vs. price of ¥7.91 (31.2% below fair value)
Industry Position: 457.3% above the Transportation median (#116 of 838)
No single metric tells the full story. See the SHSE:601022 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ningbo Ocean Shipping Co Ltd specializing in the operation of cross-strait, China-Japan, China-Korea, Southeast Asia container liner routes and domestic container public transportation.
78GF Score
Get the complete analysis for SHSE:601022
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