Ningbo Deye TechnologySHSE:605117 -3.77%88 Interest Coverage is 116.31 as of Mar. 2026, which is 166% above its 10-year median of 43.75. GuruFocus rates SHSE:605117 with a GF Score™ of 88/100 and a GF Value™ of ¥75.04 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 2,322 Industrial Products companies, Ningbo Deye Technology ranks better than 77.26% 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 Deye Technology's
Operating Income
for the
three
months ended in Mar. 2026 was ¥1,479 Mil. Ningbo Deye Technology's Interest Expense for the
three
months ended in Mar. 2026 was ¥-13 Mil.
Ningbo Deye Technology's interest coverage for the quarter that ended in Mar. 2026 was 116.31.
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 Deye Technology Corp has enough cash to cover all of its debt. Its financial situation is stable.
The historical rank and industry rank for Ningbo Deye Technology's Interest Coverage or its related term are showing as below:
SHSE:605117'
s Interest Coverage Range Over the Past 10 Years
Min: 17.79 Med: 43.75 Max: 419.88
Current: 68.1
SHSE:605117's Interest Coverage is ranked better than 77.26% of 2322
companies
in the Industrial Products industry
Industry Median: 14.775
vs SHSE:605117: 68.10
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 Deye Technology Interest Coverage Related Terms
Ningbo Deye Technology Interest Coverage Historical Data
* Premium members only.
The historical data trend for Ningbo Deye Technology'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.
SHSE:605117 vs VRT, BE: Interest Coverage Comparison
For the Electrical Equipment & Parts subindustry, Ningbo Deye Technology'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 Deye Technology Interest Coverage vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ningbo Deye Technology's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Ningbo Deye Technology's Interest Coverage falls into.
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 Deye Technology (SHSE:605117) has a Interest Coverage of 116.31 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Ningbo Deye Technology and its competitors. This is 166% above median its historical median of 43.75. Over the past decade, Ningbo Deye Technology's Interest Coverage has ranged from 17.79 to 419.88. According to the industry distribution chart, Ningbo Deye Technology ranks #528 out of 2322 companies in the Industrial Products industry, placing it in the top 22.7%.
Is Ningbo Deye Technology's Interest Coverage too high?
Ningbo Deye Technology's current Interest Coverage of 116.31 is 166% above median its 10-year median of 43.75. Over the past 10 years, this metric has ranged from a low of 17.79 to a high of 419.88. The Industrial Products industry median Interest Coverage is 14.78. Ningbo Deye Technology's value of 116.31 is 687.2% above this industry median. Based on the distribution chart, Ningbo Deye Technology ranks #528 out of 2322 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Ningbo Deye Technology has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ningbo Deye Technology's Interest Coverage compare to VRT and BE?
According to the Industrial Products industry distribution chart, Ningbo Deye Technology ranks #528 out of 2322 companies for Interest Coverage. This places Ningbo Deye Technology in the top 23% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 14.78. Ningbo Deye Technology's value of 116.31 is 687.2% above this benchmark. Historically, Ningbo Deye Technology's own Interest Coverage has ranged from 17.79 to 419.88 over the past decade. While the company's 10-year median is 43.75 vs. the industry median of 14.78, Ningbo Deye Technology 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 14.78, 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 Deye Technology's current Interest Coverage of 116.31 is 687.2% 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 Deye Technology and its competitors. For the Industrial Products industry, the median Interest Coverage is 14.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo Deye Technology's current Interest Coverage is 116.31, which is 166% above median its own 10-year median of 43.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Deye Technology stock overvalued right now?
Based on GuruFocus' analysis, Ningbo Deye Technology (SHSE:605117) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥75.04, compared to a current price of ¥86.19 — trading 14.9% above its estimated fair value. The current Interest Coverage is 116.31, which is 166% above median its 10-year median of 43.75 and 687.2% above the Industrial Products industry median of 14.78. Ningbo Deye Technology's overall GF Score™ is 88/100 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 Deye Technology (SHSE:605117), the current Interest Coverage is 116.31 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 Deye Technology (SHSE:605117) Overvalued in 2026?
Based on GuruFocus' analysis, Ningbo Deye Technology stock appears to be overvalued.
The current stock price of ¥86.19 is trading 14.9% above its estimated GF Value™ of ¥75.04.
GuruFocus considers Ningbo Deye Technology to be Modestly Overvalued.
Key valuation signals for SHSE:605117:
Interest Coverage: 116.31 (166% above median its 10-year median of 43.75)
GF Value™: ¥75.04 vs. price of ¥86.19 (14.9% above fair value)
Industry Position: 687.2% above the Industrial Products median (#528 of 2322)
No single metric tells the full story. See the SHSE:605117 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ningbo Deye Technology Corp is engaged in the research, development, manufacturing, and sale of inverters, heat exchangers, and dehumidifiers. Its product range also includes refrigeration equipment, air and water purification systems, fresh air systems, solar air conditioners, variable frequency water pumps, and electronic controllers.
88GF Score
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