Anhui Province Natural Gas Development Co (SHSE:603689) Interest Coverage : 9.25 (As of Sep. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Anhui Province Natural Gas Development 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. Anhui Province Natural Gas Development Co's Operating Income for the three months ended in Sep. 2024 was ¥109 Mil. Anhui Province Natural Gas Development Co's Interest Expense for the three months ended in Sep. 2024 was ¥-12 Mil. Anhui Province Natural Gas Development Co's interest coverage for the quarter that ended in Sep. 2024 was 9.25. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Anhui Province Natural Gas Development Co's Interest Coverage or its related term are showing as below:

SHSE:603689' s Interest Coverage Range Over the Past 10 Years
Min: 5.35 Med: 9.49 Max: 29.76
Current: 6.06

SHSE:603689's Interest Coverage is ranked worse than
50.14% of 728 companies
in the Oil & Gas industry
Industry Median: 6.075 vs SHSE:603689: 6.06

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

Anhui Province Natural Gas Development Co Interest Coverage Historical Data

The historical data trend for Anhui Province Natural Gas Development 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.

* Premium members only.

Anhui Province Natural Gas Development Co Interest Coverage Chart

Anhui Province Natural Gas Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

29.76

22.40

13.25

6.91

7.75

Anhui Province Natural Gas Development 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															12.70	2.48	8.26	6.61	9.25

Competitive Comparison of Anhui Province Natural Gas Development Co's Interest Coverage

For the Oil & Gas Midstream subindustry, Anhui Province Natural Gas Development 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.

Anhui Province Natural Gas Development Co's Interest Coverage Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Anhui Province Natural Gas Development Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Anhui Province Natural Gas Development Co's Interest Coverage falls into.

Anhui Province Natural Gas Development 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.

Anhui Province Natural Gas Development 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, Anhui Province Natural Gas Development Co's Interest Expense was ¥-58 Mil. Its Operating Income was ¥446 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥2,430 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	446.126	/	-57.597
	=	7.75

Anhui Province Natural Gas Development Co's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the three months ended in Sep. 2024, Anhui Province Natural Gas Development Co's Interest Expense was ¥-12 Mil. Its Operating Income was ¥109 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥1,989 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	109.331	/	-11.825
	=	9.25

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

Anhui Province Natural Gas Development Co (SHSE:603689) 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 .

Anhui Province Natural Gas Development Co Interest Coverage Related Terms

Thank you for viewing the detailed overview of Anhui Province Natural Gas Development Co's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Anhui Province Natural Gas Development Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Anhui Province Natural Gas Development Co Ltd (SHSE:603689) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9 Dalian Road, Baohe Industrial Zone, Anhui Province, Hefei, CHN, 230051

Website

http://www.ahtrq.com

Anhui Province Natural Gas Development Co Ltd is a natural gas pipeline operator. It invests, constructs, operates and manages natural gas pipelines in Anhui Province. The company also participates in the development and construction of natural gas pipeline network in urban areas; manages natural gas resources on behalf of Anhui Province; sells natural gas; and market and competitive investment in other natural gas, CBM and other energy applications and related projects. The other business activities of the company are to invest in the development of natural gas and coal seams in the province Gas resources projects; other energy development projects; and to engage in other auxiliary businesses.

Anhui Province Natural Gas Development Co Headlines

No Headlines