Guangzhou Jiacheng International Logistics Co (SHSE:603535) Interest Coverage : 4.53 (As of Sep. 2024)

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What is Guangzhou Jiacheng International Logistics 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. Guangzhou Jiacheng International Logistics Co's Operating Income for the three months ended in Sep. 2024 was ¥64 Mil. Guangzhou Jiacheng International Logistics Co's Interest Expense for the three months ended in Sep. 2024 was ¥-14 Mil. Guangzhou Jiacheng International Logistics Co's interest coverage for the quarter that ended in Sep. 2024 was 4.53. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Guangzhou Jiacheng International Logistics Co's Interest Coverage or its related term are showing as below:

SHSE:603535' s Interest Coverage Range Over the Past 10 Years
Min: 5 Med: 96.79 Max: 26448
Current: 5

SHSE:603535's Interest Coverage is ranked worse than
54.09% of 819 companies
in the Transportation industry
Industry Median: 5.81 vs SHSE:603535: 5.00

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

Guangzhou Jiacheng International Logistics Co Interest Coverage Historical Data

The historical data trend for Guangzhou Jiacheng International Logistics 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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Guangzhou Jiacheng International Logistics Co Interest Coverage Chart

Guangzhou Jiacheng International Logistics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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84.15

246.65

36.71

25.06

9.40

Guangzhou Jiacheng International Logistics Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Coverage	Get a 7-Day Free Trial															15.73	2.83	6.60	5.88	4.53

Competitive Comparison of Guangzhou Jiacheng International Logistics Co's Interest Coverage

For the Integrated Freight & Logistics subindustry, Guangzhou Jiacheng International Logistics 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.

Guangzhou Jiacheng International Logistics Co's Interest Coverage Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Guangzhou Jiacheng International Logistics Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Guangzhou Jiacheng International Logistics Co's Interest Coverage falls into.

Guangzhou Jiacheng International Logistics 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.

Guangzhou Jiacheng International Logistics 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, Guangzhou Jiacheng International Logistics Co's Interest Expense was ¥-26 Mil. Its Operating Income was ¥245 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥864 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	244.619	/	-26.028
	=	9.40

Guangzhou Jiacheng International Logistics Co's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the three months ended in Sep. 2024, Guangzhou Jiacheng International Logistics Co's Interest Expense was ¥-14 Mil. Its Operating Income was ¥64 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥1,045 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	63.564	/	-14.021
	=	4.53

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

Guangzhou Jiacheng International Logistics Co (SHSE:603535) 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 .

Guangzhou Jiacheng International Logistics Co Interest Coverage Related Terms

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Guangzhou Jiacheng International Logistics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Guangzhou Jiacheng International Logistics Co Ltd (SHSE:603535) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

371-375 Huanshi East Road, Room 1602 , South Tower, World Trade Center Building, Guangzhou, CHN, 511442

Website

http://www.jiacheng88.com

Guangzhou Jiacheng International Logistics Co Ltd is an integrated shipping and logistics company. Its main business is to provide third-party integrated logistics services such as procurement logistics, production logistics, sales logistics, reverse logistics, distribution processing and global after-sales service. The company also provides extended services such as merchandise distribution, agency procurement, processing and international trade. In addition, the company designs personalized logistics solutions for e-commerce companies, by using automated logistics equipment and advanced logistics information management system. These services include intelligent storage and handling, packaging, transportation and coordinated distribution and logistics information transmission.

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