Ningbo Techmation Co (SHSE:603015) Interest Coverage: 5.13 (As of Mar. 2026) — 54% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SHSE:603015 Ningbo Techmation Co Ltd SHSE:603015
73 GF Score
Price ¥10.57
GF Value ¥12.03
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Ningbo Techmation Co Interest Coverage?

Ningbo Techmation Co SHSE:603015 -0.94% 73 Interest Coverage is 5.13 as of Mar. 2026, which is 54% below its 10-year median of 11.11. GuruFocus rates SHSE:603015 with a GF Score™ of 73/100 and a GF Value™ of ¥12.03 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,322 Industrial Products companies, Ningbo Techmation Co ranks worse than 71.88% 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 Techmation Co's Operating Income for the three months ended in Mar. 2026 was ¥12.4 Mil. Ningbo Techmation Co's Interest Expense for the three months ended in Mar. 2026 was ¥-2.4 Mil. Ningbo Techmation Co's interest coverage for the quarter that ended in Mar. 2026 was 5.13. The higher the ratio, the stronger the company's financial strength is.

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

SHSE:603015' s Interest Coverage Range Over the Past 10 Years
Min: 5.25   Med: 11.11   Max: 56.91
Current: 5.37


SHSE:603015's Interest Coverage is ranked worse than
71.88% of 2322 companies
in the Industrial Products industry
Industry Median: 14.63 vs SHSE:603015: 5.37

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


Ningbo Techmation Co  (SHSE:603015) 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 Techmation Co Interest Coverage Related Terms


Ningbo Techmation Co Interest Coverage Historical Data

* Premium members only.

The historical data trend for Ningbo Techmation 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.

Ningbo Techmation Co Interest Coverage Chart

Ningbo Techmation Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.60 5.25 7.06 8.50 6.45

Ningbo Techmation Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 9.27 7.94 0.00 11.36 5.13

SHSE:603015 vs GEV, ETN, PH: Interest Coverage Comparison

For the Specialty Industrial Machinery subindustry, Ningbo Techmation 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 Techmation Co Interest Coverage vs Industrial Products Industry

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

* The bar in red indicates where Ningbo Techmation Co's Interest Coverage falls into.


SHSE:603015
73GF Score
Ningbo Techmation Co Ltd SHSE:603015
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ningbo Techmation 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.

Ningbo Techmation Co's Interest Coverage for the fiscal year that ended in Dec. 2025 is calculated as

Here, for the fiscal year that ended in Dec. 2025, Ningbo Techmation Co's Interest Expense was ¥-11.4 Mil. Its Operating Income was ¥73.3 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥234.8 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*73.293/-11.371
=6.45

Ningbo Techmation Co's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, Ningbo Techmation Co's Interest Expense was ¥-2.4 Mil. Its Operating Income was ¥12.4 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥222.5 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*12.403/-2.42
=5.13

* 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.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 5.13 mean?
Ningbo Techmation Co (SHSE:603015) has a Interest Coverage of 5.13 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Ningbo Techmation Co and its competitors. This is 54% below median its historical median of 11.11. Over the past decade, Ningbo Techmation Co's Interest Coverage has ranged from 5.25 to 56.91. According to the industry distribution chart, Ningbo Techmation Co ranks #1669 out of 2322 companies in the Industrial Products industry, placing it in the top 71.9%.
Is Ningbo Techmation Co's Interest Coverage too high?
Ningbo Techmation Co's current Interest Coverage of 5.13 is 54% below median its 10-year median of 11.11. Over the past 10 years, this metric has ranged from a low of 5.25 to a high of 56.91. The Industrial Products industry median Interest Coverage is 14.63. Ningbo Techmation Co's value of 5.13 is 64.9% below this industry median. Based on the distribution chart, Ningbo Techmation Co ranks #1669 out of 2322 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Ningbo Techmation Co has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ningbo Techmation Co's Interest Coverage compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Ningbo Techmation Co ranks #1669 out of 2322 companies for Interest Coverage. This places Ningbo Techmation Co in the lower half of its industry. The industry median Interest Coverage is 14.63. Ningbo Techmation Co's value of 5.13 is 64.9% below this benchmark. Historically, Ningbo Techmation Co's own Interest Coverage has ranged from 5.25 to 56.91 over the past decade. While the company's 10-year median is 11.11 vs. the industry median of 14.63, Ningbo Techmation Co has consistently been below 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 an Industrial Products company?
The median Interest Coverage among Industrial Products companies is 14.63, based on 2,322 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 Techmation Co's current Interest Coverage of 5.13 is 64.9% below 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 Techmation Co and its competitors. For the Industrial Products industry, the median Interest Coverage is 14.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo Techmation Co's current Interest Coverage is 5.13, which is 54% below median its own 10-year median of 11.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Techmation Co stock overvalued right now?
Based on GuruFocus' analysis, Ningbo Techmation Co (SHSE:603015) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥12.03, compared to a current price of ¥10.57 — trading 12.1% below its estimated fair value. The current Interest Coverage is 5.13, which is 54% below median its 10-year median of 11.11 and 64.9% below the Industrial Products industry median of 14.63. Ningbo Techmation Co's overall GF Score™ is 73/100 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 Techmation Co (SHSE:603015), the current Interest Coverage is 5.13 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 Techmation Co (SHSE:603015) Overvalued in 2026?

Based on GuruFocus' analysis, Ningbo Techmation Co stock appears to be undervalued. The current stock price of ¥10.57 is trading 12.1% below its estimated GF Value™ of ¥12.03. GuruFocus considers Ningbo Techmation Co to be Modestly Undervalued.

Key valuation signals for SHSE:603015:

  • Interest Coverage: 5.13 (54% below median its 10-year median of 11.11)
  • GF Value™: ¥12.03 vs. price of ¥10.57 (12.1% below fair value)
  • GF Score™: 73/100 with 3 warning signs
  • Industry Position: 64.9% below the Industrial Products median (#1669 of 2322)

No single metric tells the full story. See the SHSE:603015 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ningbo Techmation Co Business Description

Address No. 88 Dagang Fifth Road, Beilun, Ningbo, CHN
Ningbo Techmation Co Ltd supplies automation system integration in the plastics processing industry. It provides high-quality automation system solutions for medium and high-end plastic machinery manufacturers. Its products include iNet, a plastic machinery control system, an energy-saving servo system, and other automated products and system solutions.
73GF Score

Get the complete analysis for SHSE:603015

Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥10.57
Price
¥12.03
GF Value