Ananda Drive Techniques (Shanghai) Co (SHSE:603350) Interest Coverage : 2,316.06 (As of Mar. 2025)

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What is Ananda Drive Techniques (Shanghai) 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. Ananda Drive Techniques (Shanghai) Co's Operating Income for the three months ended in Mar. 2025 was ¥42 Mil. Ananda Drive Techniques (Shanghai) Co's Interest Expense for the three months ended in Mar. 2025 was ¥-0 Mil. Ananda Drive Techniques (Shanghai) Co's interest coverage for the quarter that ended in Mar. 2025 was 2,316.06. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Ananda Drive Techniques (Shanghai) Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Ananda Drive Techniques (Shanghai) Co's Interest Coverage or its related term are showing as below:

SHSE:603350' s Interest Coverage Range Over the Past 10 Years
Min: 10.86 Med: 75.41 Max: 740.44
Current: 83.16

SHSE:603350's Interest Coverage is ranked better than
85.7% of 1042 companies
in the Vehicles & Parts industry
Industry Median: 8.055 vs SHSE:603350: 83.16

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

Ananda Drive Techniques (Shanghai) Co Interest Coverage Historical Data

The historical data trend for Ananda Drive Techniques (Shanghai) 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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Ananda Drive Techniques (Shanghai) Co Interest Coverage Chart

Ananda Drive Techniques (Shanghai) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Coverage

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106.70

519.19

740.44

586.63

75.41

Ananda Drive Techniques (Shanghai) Co Quarterly Data
	Dec15	Mar16	Jun16	Dec16	Jun17	Dec19	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Interest Coverage	Get a 7-Day Free Trial															313.27	503.46	13.65	77.53	2,316.06

Competitive Comparison of Ananda Drive Techniques (Shanghai) Co's Interest Coverage

For the Auto Parts subindustry, Ananda Drive Techniques (Shanghai) 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.

Ananda Drive Techniques (Shanghai) Co's Interest Coverage Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Ananda Drive Techniques (Shanghai) Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Ananda Drive Techniques (Shanghai) Co's Interest Coverage falls into.

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Ananda Drive Techniques (Shanghai) 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.

Ananda Drive Techniques (Shanghai) 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, Ananda Drive Techniques (Shanghai) Co's Interest Expense was ¥-1 Mil. Its Operating Income was ¥111 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥5 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2024 )	/	Interest Expense (A: Dec. 2024 )
	=	-1	*	111.232	/	-1.475
	=	75.41

Ananda Drive Techniques (Shanghai) Co's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the three months ended in Mar. 2025, Ananda Drive Techniques (Shanghai) Co's Interest Expense was ¥-0 Mil. Its Operating Income was ¥42 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥4 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2025 )	/	Interest Expense (Q: Mar. 2025 )
	=	-1	*	41.689	/	-0.018
	=	2,316.06

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

Ananda Drive Techniques (Shanghai) Co (SHSE:603350) 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 .

Ananda Drive Techniques (Shanghai) Co Interest Coverage Related Terms

Thank you for viewing the detailed overview of Ananda Drive Techniques (Shanghai) Co's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Ananda Drive Techniques (Shanghai) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ananda Drive Techniques (Shanghai) Co Ltd (SHSE:603350) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

Guangzhong Road, 1-2 Floor, Building A, No. 19, Lane 133, Minhang District, Shanghai, CHN, 201108

Website

Ananda Drive Techniques (Shanghai) Co Ltd is engaged in research and development, production and sales of electric drive systems for electric two-wheeled vehicles that include mid-drive, side-mounted, and hub motors, along with controllers, sensors, and HMI. Its product include eBike System, eMoped System, eMotorcycle System and eScooter System.

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