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Leshan Giantstar Farming & Husbandry (SHSE:603477) Interest Coverage : 0 (At Loss) (As of Mar. 2024)


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What is Leshan Giantstar Farming & Husbandry 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. Leshan Giantstar Farming & Husbandry's Operating Income for the three months ended in Mar. 2024 was ¥-80 Mil. Leshan Giantstar Farming & Husbandry's Interest Expense for the three months ended in Mar. 2024 was ¥-49 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 Leshan Giantstar Farming & Husbandry's Interest Coverage or its related term are showing as below:


SHSE:603477's Interest Coverage is not ranked *
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 5.025
* 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.


Leshan Giantstar Farming & Husbandry Interest Coverage Historical Data

The historical data trend for Leshan Giantstar Farming & Husbandry'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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Leshan Giantstar Farming & Husbandry Interest Coverage Chart

Leshan Giantstar Farming & Husbandry Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.28 11.64 9.51 5.50 -

Leshan Giantstar Farming & Husbandry 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 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 - - - - -

Competitive Comparison of Leshan Giantstar Farming & Husbandry's Interest Coverage

For the Footwear & Accessories subindustry, Leshan Giantstar Farming & Husbandry'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.


Leshan Giantstar Farming & Husbandry's Interest Coverage Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Leshan Giantstar Farming & Husbandry's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Leshan Giantstar Farming & Husbandry's Interest Coverage falls into.



Leshan Giantstar Farming & Husbandry 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.

Leshan Giantstar Farming & Husbandry'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, Leshan Giantstar Farming & Husbandry's Interest Expense was ¥-86 Mil. Its Operating Income was ¥-293 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥1,584 Mil.

Leshan Giantstar Farming & Husbandry did not have earnings to cover the interest expense.

Leshan Giantstar Farming & Husbandry's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Leshan Giantstar Farming & Husbandry's Interest Expense was ¥-49 Mil. Its Operating Income was ¥-80 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥1,756 Mil.

Leshan Giantstar Farming & Husbandry did not have earnings to cover the 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.

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


Leshan Giantstar Farming & Husbandry  (SHSE:603477) 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 .


Leshan Giantstar Farming & Husbandry Interest Coverage Related Terms

Thank you for viewing the detailed overview of Leshan Giantstar Farming & Husbandry's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Leshan Giantstar Farming & Husbandry (SHSE:603477) Business Description

Traded in Other Exchanges
N/A
Address
Xinhua Village, Zhugen Town, Wutongqiao District, Sichuan Province, Leshan, CHN, 614800
Leshan Giantstar Farming & Husbandry Corp Ltd, formerly Sichuan Zhenjing Corp Ltd manufactures and distributes leather products. The company produces and sells leather cases, leather car seats, decoration leather, and other products.

Leshan Giantstar Farming & Husbandry (SHSE:603477) Headlines

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