Guangdong Songfa Ceramics Co (SHSE:603268) Interest Coverage : 0 (At Loss) (As of Mar. 2024)

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What is Guangdong Songfa Ceramics 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. Guangdong Songfa Ceramics Co's Operating Income for the three months ended in Mar. 2024 was ¥-6.0 Mil. Guangdong Songfa Ceramics Co's Interest Expense for the three months ended in Mar. 2024 was ¥-4.6 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 Guangdong Songfa Ceramics Co's Interest Coverage or its related term are showing as below:

SHSE:603268's Interest Coverage is not ranked ^*
in the Furnishings, Fixtures & Appliances industry.
Industry Median: 8.89
* Ranked among companies with meaningful Interest Coverage only.

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

Guangdong Songfa Ceramics Co Interest Coverage Historical Data

The historical data trend for Guangdong Songfa Ceramics 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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Guangdong Songfa Ceramics Co Interest Coverage Chart

Guangdong Songfa Ceramics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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3.33

3.45

Guangdong Songfa Ceramics Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Guangdong Songfa Ceramics Co's Interest Coverage

For the Furnishings, Fixtures & Appliances subindustry, Guangdong Songfa Ceramics 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.

Guangdong Songfa Ceramics Co's Interest Coverage Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Guangdong Songfa Ceramics Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Guangdong Songfa Ceramics Co's Interest Coverage falls into.

Guangdong Songfa Ceramics 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.

Guangdong Songfa Ceramics Co's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Guangdong Songfa Ceramics Co's Interest Expense was ¥-19.8 Mil. Its Operating Income was ¥-61.6 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥18.1 Mil.

Guangdong Songfa Ceramics Co did not have earnings to cover the interest expense.

Guangdong Songfa Ceramics Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Guangdong Songfa Ceramics Co's Interest Expense was ¥-4.6 Mil. Its Operating Income was ¥-6.0 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥17.6 Mil.

Guangdong Songfa Ceramics Co did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's Financial Strength is.

Guangdong Songfa Ceramics Co (SHSE:603268) 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 .

Guangdong Songfa Ceramics Co Interest Coverage Related Terms

Thank you for viewing the detailed overview of Guangdong Songfa Ceramics Co's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Guangdong Songfa Ceramics Co (SHSE:603268) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Guangdong Songfa Ceramics Co Ltd (SHSE:603268) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

No. 20, Ruyi Road Industrial Park, Building C2-2, Fengxi District, Chaozhou, CHN, 521031

Website

http://www.songfa.com

Guangdong Songfa Ceramics Co Ltd is engaged in research & development, design, production and sale of daily-use ceramics products. It produce household porcelain, custom porcelain and hotel porcelain and other daily-use ceramic products and also products like cover tableware, tea sets, coffee utensils, display porcelain, art collection porcelain and stainless steel, crystal And household items such as glass.

Executives

Lin Dao Fan	Director
Dong Wei	senior management
You Sha	Director
Chen Li Yuan	senior management
Zhang Rui Hao	senior management
Ceng Wen Guang	Director
Lin Qiu Lan	Director

Guangdong Songfa Ceramics Co (SHSE:603268) Headlines

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