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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 Oceanking Development Co's
Operating Income
for the
three
months ended in Mar. 2026 was ¥61 Mil. Zhejiang Oceanking Development Co's Interest Expense for the
three
months ended in Mar. 2026 was ¥-6 Mil.
Zhejiang Oceanking Development Co's interest coverage for the quarter that ended in Mar. 2026 was 10.64.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Zhejiang Oceanking Development Co's Interest Coverage or its related term are showing as below:
SHSE:603213'
s Interest Coverage Range Over the Past 10 Years
Min: 5.68 Med: 24.46 Max: 1474.88
Current: 6.22
SHSE:603213's Interest Coverage is ranked worse than 61.07% of 1233
companies
in the Chemicals industry
Industry Median: 10.26
vs SHSE:603213: 6.22
Zhejiang Oceanking Development Co (SHSE:603213) 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 Oceanking Development Co Interest Coverage Related Terms
Zhejiang Oceanking Development 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 Oceanking Development Co Interest Coverage Chart
For the Chemicals subindustry, Zhejiang Oceanking Development 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 Oceanking Development Co Interest Coverage vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Zhejiang Oceanking Development Co's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Zhejiang Oceanking Development Co's Interest Coverage falls into.
Zhejiang Oceanking Development 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.
Zhejiang Oceanking Development Co (SHSE:603213) has a Interest Coverage of 10.64 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Zhejiang Oceanking Development Co and its competitors. This is 57% below median its historical median of 24.46. Over the past decade, Zhejiang Oceanking Development Co's Interest Coverage has ranged from 5.68 to 1,474.88. According to the industry distribution chart, Zhejiang Oceanking Development Co ranks #753 out of 1233 companies in the Chemicals industry, placing it in the top 61.1%.
Is Zhejiang Oceanking Development Co's Interest Coverage too high?
Zhejiang Oceanking Development Co's current Interest Coverage of 10.64 is 57% below median its 10-year median of 24.46. Over the past 10 years, this metric has ranged from a low of 5.68 to a high of 1,474.88. The Chemicals industry median Interest Coverage is 10.26. Zhejiang Oceanking Development Co's value of 10.64 is 3.7% above this industry median. Based on the distribution chart, Zhejiang Oceanking Development Co ranks #753 out of 1233 companies in the Chemicals industry, which is below the industry midpoint. Overall, Zhejiang Oceanking Development Co has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Oceanking Development Co's Interest Coverage compare to DOW?
According to the Chemicals industry distribution chart, Zhejiang Oceanking Development Co ranks #753 out of 1233 companies for Interest Coverage. This places Zhejiang Oceanking Development Co in the lower half of its industry. The industry median Interest Coverage is 10.26. Zhejiang Oceanking Development Co's value of 10.64 is 3.7% above this benchmark. Historically, Zhejiang Oceanking Development Co's own Interest Coverage has ranged from 5.68 to 1,474.88 over the past decade. While the company's 10-year median is 24.46 vs. the industry median of 10.26, Zhejiang Oceanking Development 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 Chemicals company?
The median Interest Coverage among Chemicals companies is 10.26, based on 1,233 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. Zhejiang Oceanking Development Co's current Interest Coverage of 10.64 is 3.7% 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 Zhejiang Oceanking Development Co and its competitors. For the Chemicals industry, the median Interest Coverage is 10.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Oceanking Development Co's current Interest Coverage is 10.64, which is 57% below median its own 10-year median of 24.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Oceanking Development Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Oceanking Development Co (SHSE:603213) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥11.25, compared to a current price of ¥13.92 — trading 23.7% above its estimated fair value. The current Interest Coverage is 10.64, which is 57% below median its 10-year median of 24.46 and 3.7% above the Chemicals industry median of 10.26. Zhejiang Oceanking Development Co's overall GF Score™ is 79/100 with 11 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 Zhejiang Oceanking Development Co (SHSE:603213), the current Interest Coverage is 10.64 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 Zhejiang Oceanking Development Co (SHSE:603213) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Oceanking Development Co stock appears to be overvalued.
The current stock price of ¥13.92 is trading 23.7% above its estimated GF Value™ of ¥11.25.
GuruFocus considers Zhejiang Oceanking Development Co to be Modestly Overvalued.
Key valuation signals for SHSE:603213:
Interest Coverage: 10.64 (57% below median its 10-year median of 24.46)
GF Value™: ¥11.25 vs. price of ¥13.92 (23.7% above fair value)
Industry Position: 3.7% above the Chemicals median (#753 of 1233)
No single metric tells the full story. See the SHSE:603213 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Oceanking Development Co Business Description
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