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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. Zhejiang Red Dragonfly Footwear Co's
Operating Income
for the
three
months ended in Jun. 2026 was ¥-18 Mil. Zhejiang Red Dragonfly Footwear Co's Interest Expense for the
three
months ended in Jun. 2026 was ¥0 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 Zhejiang Red Dragonfly Footwear Co's Interest Coverage or its related term are showing as below:
SHSE:603116's Interest Coverage is not ranked *
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 5.7 * Ranked among companies with meaningful Interest Coverage only.
Zhejiang Red Dragonfly Footwear Co (SHSE:603116) 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 .
Zhejiang Red Dragonfly Footwear Co Interest Coverage Related Terms
Zhejiang Red Dragonfly Footwear 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.
Zhejiang Red Dragonfly Footwear Co Interest Coverage Chart
SHSE:603116 vs NKE, DECK, ONON: Interest Coverage Comparison
For the Footwear & Accessories subindustry, Zhejiang Red Dragonfly Footwear 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.
Zhejiang Red Dragonfly Footwear Co Interest Coverage vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Zhejiang Red Dragonfly Footwear Co's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Zhejiang Red Dragonfly Footwear Co's Interest Coverage falls into.
Zhejiang Red Dragonfly Footwear 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.
What does a Interest Coverage of 0 (At Loss) mean?
Zhejiang Red Dragonfly Footwear Co (SHSE:603116) has a Interest Coverage of 0 (At Loss) as of Jun. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Zhejiang Red Dragonfly Footwear Co and its competitors. According to the industry distribution chart, Zhejiang Red Dragonfly Footwear Co ranks #999999 out of 761 companies in the Manufacturing - Apparel & Accessories industry.
Is Zhejiang Red Dragonfly Footwear Co's Interest Coverage too high?
Zhejiang Red Dragonfly Footwear Co's current Interest Coverage is 0 (At Loss). Based on the distribution chart, Zhejiang Red Dragonfly Footwear Co ranks #999999 out of 761 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Zhejiang Red Dragonfly Footwear Co has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Red Dragonfly Footwear Co's Interest Coverage compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Zhejiang Red Dragonfly Footwear Co ranks #999999 out of 761 companies for Interest Coverage. This places Zhejiang Red Dragonfly Footwear Co in the lower half of its industry. The industry median Interest Coverage is 5.70. 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 Manufacturing - Apparel & Accessories company?
The median Interest Coverage among Manufacturing - Apparel & Accessories companies is 5.70, based on 761 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. 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 Zhejiang Red Dragonfly Footwear Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Interest Coverage is 5.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Red Dragonfly Footwear Co's current Interest Coverage is 0 (At Loss). However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Red Dragonfly Footwear Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Red Dragonfly Footwear Co (SHSE:603116) is currently considered Fairly Valued. The stock's GF Value™ is ¥6.11, compared to a current price of ¥6.60 — trading 8% above its estimated fair value. The current Interest Coverage is 0 (At Loss). Zhejiang Red Dragonfly Footwear Co's overall GF Score™ is 60/100 with 1 warning sign 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 Zhejiang Red Dragonfly Footwear Co (SHSE:603116), the current Interest Coverage is 0 (At Loss) as of Jun. 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 Zhejiang Red Dragonfly Footwear Co (SHSE:603116) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Red Dragonfly Footwear Co stock appears to be overvalued.
The current stock price of ¥6.60 is trading 8% above its estimated GF Value™ of ¥6.11.
GuruFocus considers Zhejiang Red Dragonfly Footwear Co to be Fairly Valued.
Key valuation signals for SHSE:603116:
Interest Coverage: 0 (At Loss)
GF Value™: ¥6.11 vs. price of ¥6.60 (8% above fair value)
No single metric tells the full story. See the SHSE:603116 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Red Dragonfly Footwear Co Ltd is engaged in research and development, production and sale of Red Dragonfly brand shoes and leather goods, clothing and other industry. The company main products include men's and women's shoes, children's shoes and apparels, leather belts, wallets, and leather handbags, among others.
60GF Score
Get the complete analysis for SHSE:603116
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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