Ningbo Orient Wires & Cables Co (SHSE:603606) Interest Coverage: 58.44 (As of Mar. 2026) — 63% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SHSE:603606 Ningbo Orient Wires & Cables Co Ltd SHSE:603606
91 GF Score
Price ¥39.29
GF Value ¥62.17
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Ningbo Orient Wires & Cables Co Interest Coverage?

Ningbo Orient Wires & Cables Co SHSE:603606 +0.59% 91 Interest Coverage is 58.44 as of Mar. 2026, which is 63% above its 10-year median of 35.78. GuruFocus rates SHSE:603606 with a GF Score™ of 91/100 and a GF Value™ of ¥62.17 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 2,322 Industrial Products companies, Ningbo Orient Wires & Cables Co ranks better than 83.46% on this metric.

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. Ningbo Orient Wires & Cables Co's Operating Income for the three months ended in Mar. 2026 was ¥501 Mil. Ningbo Orient Wires & Cables Co's Interest Expense for the three months ended in Mar. 2026 was ¥-9 Mil. Ningbo Orient Wires & Cables Co's interest coverage for the quarter that ended in Mar. 2026 was 58.44. 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. Ningbo Orient Wires & Cables Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Ningbo Orient Wires & Cables Co's Interest Coverage or its related term are showing as below:

SHSE:603606' s Interest Coverage Range Over the Past 10 Years
Min: 2.8   Med: 35.78   Max: 154.6
Current: 118.21


SHSE:603606's Interest Coverage is ranked better than
83.46% of 2322 companies
in the Industrial Products industry
Industry Median: 14.835 vs SHSE:603606: 118.21

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


Ningbo Orient Wires & Cables Co  (SHSE:603606) 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 .


Ningbo Orient Wires & Cables Co Interest Coverage Related Terms


Ningbo Orient Wires & Cables Co Interest Coverage Historical Data

* Premium members only.

The historical data trend for Ningbo Orient Wires & Cables 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.

Ningbo Orient Wires & Cables Co Interest Coverage Chart

Ningbo Orient Wires & Cables Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 67.71 31.94 39.62 58.43 154.60

Ningbo Orient Wires & Cables Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 84.81 60.98 222.59 429.28 58.44

SHSE:603606 vs VRT, BE: Interest Coverage Comparison

For the Electrical Equipment & Parts subindustry, Ningbo Orient Wires & Cables 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.


Ningbo Orient Wires & Cables Co Interest Coverage vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ningbo Orient Wires & Cables Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Ningbo Orient Wires & Cables Co's Interest Coverage falls into.


SHSE:603606
91GF Score
Ningbo Orient Wires & Cables Co Ltd SHSE:603606
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ningbo Orient Wires & Cables 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.

Ningbo Orient Wires & Cables Co's Interest Coverage for the fiscal year that ended in Dec. 2025 is calculated as

Here, for the fiscal year that ended in Dec. 2025, Ningbo Orient Wires & Cables Co's Interest Expense was ¥-11 Mil. Its Operating Income was ¥1,693 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥464 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*1693.196/-10.952
=154.60

Ningbo Orient Wires & Cables Co's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, Ningbo Orient Wires & Cables Co's Interest Expense was ¥-9 Mil. Its Operating Income was ¥501 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥520 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*501.05/-8.574
=58.44

* 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.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 58.44 mean?
Ningbo Orient Wires & Cables Co (SHSE:603606) has a Interest Coverage of 58.44 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Ningbo Orient Wires & Cables Co and its competitors. This is 63% above median its historical median of 35.78. Over the past decade, Ningbo Orient Wires & Cables Co's Interest Coverage has ranged from 2.80 to 154.60. According to the industry distribution chart, Ningbo Orient Wires & Cables Co ranks #384 out of 2322 companies in the Industrial Products industry, placing it in the top 16.5%.
Is Ningbo Orient Wires & Cables Co's Interest Coverage too high?
Ningbo Orient Wires & Cables Co's current Interest Coverage of 58.44 is 63% above median its 10-year median of 35.78. Over the past 10 years, this metric has ranged from a low of 2.80 to a high of 154.60. The Industrial Products industry median Interest Coverage is 14.84. Ningbo Orient Wires & Cables Co's value of 58.44 is 293.9% above this industry median. Based on the distribution chart, Ningbo Orient Wires & Cables Co ranks #384 out of 2322 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Ningbo Orient Wires & Cables Co has a GF Score™ of 91/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ningbo Orient Wires & Cables Co's Interest Coverage compare to VRT and BE?
According to the Industrial Products industry distribution chart, Ningbo Orient Wires & Cables Co ranks #384 out of 2322 companies for Interest Coverage. This places Ningbo Orient Wires & Cables Co in the top 17% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 14.84. Ningbo Orient Wires & Cables Co's value of 58.44 is 293.9% above this benchmark. Historically, Ningbo Orient Wires & Cables Co's own Interest Coverage has ranged from 2.80 to 154.60 over the past decade. While the company's 10-year median is 35.78 vs. the industry median of 14.84, Ningbo Orient Wires & Cables 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 an Industrial Products company?
The median Interest Coverage among Industrial Products companies is 14.84, based on 2,322 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. Ningbo Orient Wires & Cables Co's current Interest Coverage of 58.44 is 293.9% 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 Ningbo Orient Wires & Cables Co and its competitors. For the Industrial Products industry, the median Interest Coverage is 14.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo Orient Wires & Cables Co's current Interest Coverage is 58.44, which is 63% above median its own 10-year median of 35.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Orient Wires & Cables Co stock overvalued right now?
Based on GuruFocus' analysis, Ningbo Orient Wires & Cables Co (SHSE:603606) is currently considered Significantly Undervalued. The stock's GF Value™ is ¥62.17, compared to a current price of ¥39.29 — trading 36.8% below its estimated fair value. The current Interest Coverage is 58.44, which is 63% above median its 10-year median of 35.78 and 293.9% above the Industrial Products industry median of 14.84. Ningbo Orient Wires & Cables Co's overall GF Score™ is 91/100 with 3 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 Ningbo Orient Wires & Cables Co (SHSE:603606), the current Interest Coverage is 58.44 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 Ningbo Orient Wires & Cables Co (SHSE:603606) Overvalued in 2026?

Based on GuruFocus' analysis, Ningbo Orient Wires & Cables Co stock appears to be undervalued. The current stock price of ¥39.29 is trading 36.8% below its estimated GF Value™ of ¥62.17. GuruFocus considers Ningbo Orient Wires & Cables Co to be Significantly Undervalued.

Key valuation signals for SHSE:603606:

  • Interest Coverage: 58.44 (63% above median its 10-year median of 35.78)
  • GF Value™: ¥62.17 vs. price of ¥39.29 (36.8% below fair value)
  • GF Score™: 91/100 with 3 warning signs
  • Industry Position: 293.9% above the Industrial Products median (#384 of 2322)

No single metric tells the full story. See the SHSE:603606 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ningbo Orient Wires & Cables Co Business Description

Address No. 1800, Zhongshan East Road, 49-50 Floor, Guohua Financial Center, Beilun District, Zhejiang Province, Ningbo, CHN, 315100
Ningbo Orient Wires & Cables Co Ltd is engaged in the research & development, production, and sales of wires and cables; providing customized services for customers of cables for marine engineering.
91GF Score

Get the complete analysis for SHSE:603606

Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥39.29
Price
¥62.17
GF Value