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Guolian Minsheng Securities Co (SHSE:601456) Interest Coverage : 0 (At Loss) (As of Dec. 2024)


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What is Guolian Minsheng Securities 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. Guolian Minsheng Securities Co's Operating Income for the three months ended in Dec. 2024 was ¥-1,546 Mil. Guolian Minsheng Securities Co's Interest Expense for the three months ended in Dec. 2024 was ¥-321 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 Guolian Minsheng Securities Co's Interest Coverage or its related term are showing as below:

SHSE:601456' s Interest Coverage Range Over the Past 10 Years
Min: 0.66   Med: 1.23   Max: 2.25
Current: 1.49


SHSE:601456's Interest Coverage is ranked worse than
86.06% of 459 companies
in the Capital Markets industry
Industry Median: 20.1 vs SHSE:601456: 1.49

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


Guolian Minsheng Securities Co Interest Coverage Historical Data

The historical data trend for Guolian Minsheng Securities 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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Guolian Minsheng Securities Co Interest Coverage Chart

Guolian Minsheng Securities Co 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 0.66 1.13 2.25 1.32 1.44

Guolian Minsheng Securities Co Quarterly Data
Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 6.78 0.10 1.16 9.20 -

Competitive Comparison of Guolian Minsheng Securities Co's Interest Coverage

For the Capital Markets subindustry, Guolian Minsheng Securities 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.


Guolian Minsheng Securities Co's Interest Coverage Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Guolian Minsheng Securities Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Guolian Minsheng Securities Co's Interest Coverage falls into.


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Guolian Minsheng Securities 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.

Guolian Minsheng Securities 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, Guolian Minsheng Securities Co's Interest Expense was ¥-1,321 Mil. Its Operating Income was ¥1,905 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥18,933 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2024 )/Interest Expense (A: Dec. 2024 )
=-1*1905.043/-1321.469
=1.44

Guolian Minsheng Securities Co's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the three months ended in Dec. 2024, Guolian Minsheng Securities Co's Interest Expense was ¥-321 Mil. Its Operating Income was ¥-1,546 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥18,933 Mil.

Guolian Minsheng Securities 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.


Guolian Minsheng Securities Co  (SHSE:601456) 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 .


Guolian Minsheng Securities Co Interest Coverage Related Terms

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Guolian Minsheng Securities Co Business Description

Traded in Other Exchanges
Address
No. 8 Jinrong One Street, Jiangsu Province, Wuxi, CHN, 214000
Guolian Minsheng Securities Co Ltd is a China-based financial institution. The company's operating segments include Brokerage and wealth management, Credit transactions, Investment banking, Proprietary trading, Asset management and investment, and Other businesses. It generates maximum revenue from the Brokerage and wealth management segment and the Proprietary trading segment. The Brokerage and wealth management segment includes securities trading and brokering services, sales of wealth management products, investment consulting, and asset allocation. The Proprietary trading segment includes trading in financial products.

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