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Ningbo Water Meter (Group) CoSHSE:603700 +0.18%73 Interest Coverage is 34.11 as of Jun. 2026, which is 35% below its 10-year median of 52.55. GuruFocus rates SHSE:603700 with a GF Score™ of 73/100 and a GF Value™ of ¥14.29 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 2,309 Industrial Products companies, Ningbo Water Meter (Group) Co ranks better than 85.88% 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 Water Meter (Group) Co's
Operating Income
for the
three
months ended in Jun. 2026 was ¥13 Mil. Ningbo Water Meter (Group) Co's Interest Expense for the
three
months ended in Jun. 2026 was ¥-0 Mil.
Ningbo Water Meter (Group) Co's interest coverage for the quarter that ended in Jun. 2026 was 34.11.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Ningbo Water Meter (Group) Co's Interest Coverage or its related term are showing as below:
SHSE:603700'
s Interest Coverage Range Over the Past 10 Years
Min: 25.37 Med: 52.55 Max: 7671.32
Current: 151.71
SHSE:603700's Interest Coverage is ranked better than 85.88% of 2309
companies
in the Industrial Products industry
Industry Median: 14.65
vs SHSE:603700: 151.71
Ningbo Water Meter (Group) Co (SHSE:603700) 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 Water Meter (Group) Co Interest Coverage Related Terms
Ningbo Water Meter (Group) Co Interest Coverage Historical Data
* 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 Water Meter (Group) Co Interest Coverage Chart
SHSE:603700 vs VRT, BE: Interest Coverage Comparison
For the Electrical Equipment & Parts subindustry, Ningbo Water Meter (Group) 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 Water Meter (Group) Co Interest Coverage vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ningbo Water Meter (Group) Co's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Ningbo Water Meter (Group) Co's Interest Coverage falls into.
Ningbo Water Meter (Group) 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:
* 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.
Ningbo Water Meter (Group) Co (SHSE:603700) has a Interest Coverage of 34.11 as of Jun. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Ningbo Water Meter (Group) Co and its competitors. This is 35% below median its historical median of 52.55. Over the past decade, Ningbo Water Meter (Group) Co's Interest Coverage has ranged from 25.37 to 7,671.32. According to the industry distribution chart, Ningbo Water Meter (Group) Co ranks #326 out of 2309 companies in the Industrial Products industry, placing it in the top 14.1%.
Is Ningbo Water Meter (Group) Co's Interest Coverage too high?
Ningbo Water Meter (Group) Co's current Interest Coverage of 34.11 is 35% below median its 10-year median of 52.55. Over the past 10 years, this metric has ranged from a low of 25.37 to a high of 7,671.32. The Industrial Products industry median Interest Coverage is 14.65. Ningbo Water Meter (Group) Co's value of 34.11 is 132.8% above this industry median. Based on the distribution chart, Ningbo Water Meter (Group) Co ranks #326 out of 2309 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Ningbo Water Meter (Group) Co has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ningbo Water Meter (Group) Co's Interest Coverage compare to VRT and BE?
According to the Industrial Products industry distribution chart, Ningbo Water Meter (Group) Co ranks #326 out of 2309 companies for Interest Coverage. This places Ningbo Water Meter (Group) Co in the top 14% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 14.65. Ningbo Water Meter (Group) Co's value of 34.11 is 132.8% above this benchmark. Historically, Ningbo Water Meter (Group) Co's own Interest Coverage has ranged from 25.37 to 7,671.32 over the past decade. While the company's 10-year median is 52.55 vs. the industry median of 14.65, Ningbo Water Meter (Group) 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 14.65, based on 2,309 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 Water Meter (Group) Co's current Interest Coverage of 34.11 is 132.8% 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 Water Meter (Group) Co and its competitors. For the Industrial Products industry, the median Interest Coverage is 14.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo Water Meter (Group) Co's current Interest Coverage is 34.11, which is 35% below median its own 10-year median of 52.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Water Meter (Group) Co stock overvalued right now?
Based on GuruFocus' analysis, Ningbo Water Meter (Group) Co (SHSE:603700) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥14.29, compared to a current price of ¥11.02 — trading 22.9% below its estimated fair value. The current Interest Coverage is 34.11, which is 35% below median its 10-year median of 52.55 and 132.8% above the Industrial Products industry median of 14.65. Ningbo Water Meter (Group) Co's overall GF Score™ is 73/100 with 4 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 Water Meter (Group) Co (SHSE:603700), the current Interest Coverage is 34.11 as of Jun. 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 Water Meter (Group) Co (SHSE:603700) Overvalued in 2026?
Based on GuruFocus' analysis, Ningbo Water Meter (Group) Co stock appears to be undervalued.
The current stock price of ¥11.02 is trading 22.9% below its estimated GF Value™ of ¥14.29.
GuruFocus considers Ningbo Water Meter (Group) Co to be Modestly Undervalued.
Key valuation signals for SHSE:603700:
Interest Coverage: 34.11 (35% below median its 10-year median of 52.55)
GF Value™: ¥14.29 vs. price of ¥11.02 (22.9% below fair value)
Industry Position: 132.8% above the Industrial Products median (#326 of 2309)
No single metric tells the full story. See the SHSE:603700 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ningbo Water Meter (Group) Co Ltd is engaged in manufacturing water meters. The product portfolio includes liquid sealed water meters, volumetric rotary piston water meter, manual batch control water meter, multi-jet dry type water meter and others.
73GF Score
Get the complete analysis for SHSE:603700
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