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 Ronbay New Energy Technology Co's
Operating Income
for the
three
months ended in Mar. 2026 was ¥129 Mil. Ningbo Ronbay New Energy Technology Co's Interest Expense for the
three
months ended in Mar. 2026 was ¥-45 Mil.
Ningbo Ronbay New Energy Technology Co's interest coverage for the quarter that ended in Mar. 2026 was 2.88.
The higher the ratio, the stronger the company's financial strength is.
Warning Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Ningbo Ronbay New Energy Technology Co Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.
SHSE:688005'
s Interest Coverage Range Over the Past 10 Years
Min: 0.15 Med: 12.17 Max: 84.99
Current: 0.77
SHSE:688005's Interest Coverage is ranked worse than 96.77% of 2321
companies
in the Industrial Products industry
Industry Median: 14.8
vs SHSE:688005: 0.77
Ningbo Ronbay New Energy Technology Co (SHSE:688005) 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 Ronbay New Energy Technology Co Interest Coverage Related Terms
Ningbo Ronbay New Energy Technology 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 Ronbay New Energy Technology Co Interest Coverage Chart
Ningbo Ronbay New Energy Technology Co Annual Data
SHSE:688005 vs VRT, BE: Interest Coverage Comparison
For the Electrical Equipment & Parts subindustry, Ningbo Ronbay New Energy Technology 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 Ronbay New Energy Technology Co Interest Coverage vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ningbo Ronbay New Energy Technology Co's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Ningbo Ronbay New Energy Technology Co's Interest Coverage falls into.
Ningbo Ronbay New Energy Technology 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 Ronbay New Energy Technology Co (SHSE:688005) has a Interest Coverage of 2.88 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Ningbo Ronbay New Energy Technology Co and its competitors. This is 76% below median its historical median of 12.17. Over the past decade, Ningbo Ronbay New Energy Technology Co's Interest Coverage has ranged from 0.15 to 84.99. According to the industry distribution chart, Ningbo Ronbay New Energy Technology Co ranks #2246 out of 2321 companies in the Industrial Products industry, placing it in the top 96.8%.
Is Ningbo Ronbay New Energy Technology Co's Interest Coverage too high?
Ningbo Ronbay New Energy Technology Co's current Interest Coverage of 2.88 is 76% below median its 10-year median of 12.17. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 84.99. The Industrial Products industry median Interest Coverage is 14.80. Ningbo Ronbay New Energy Technology Co's value of 2.88 is 80.5% below this industry median. Based on the distribution chart, Ningbo Ronbay New Energy Technology Co ranks #2246 out of 2321 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Ningbo Ronbay New Energy Technology Co has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ningbo Ronbay New Energy Technology Co's Interest Coverage compare to VRT and BE?
According to the Industrial Products industry distribution chart, Ningbo Ronbay New Energy Technology Co ranks #2246 out of 2321 companies for Interest Coverage. This places Ningbo Ronbay New Energy Technology Co in the lower half of its industry. The industry median Interest Coverage is 14.80. Ningbo Ronbay New Energy Technology Co's value of 2.88 is 80.5% below this benchmark. Historically, Ningbo Ronbay New Energy Technology Co's own Interest Coverage has ranged from 0.15 to 84.99 over the past decade. While the company's 10-year median is 12.17 vs. the industry median of 14.80, Ningbo Ronbay New Energy Technology Co has consistently been below 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 14.80, based on 2,321 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 Ronbay New Energy Technology Co's current Interest Coverage of 2.88 is 80.5% below 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 Ronbay New Energy Technology Co and its competitors. For the Industrial Products industry, the median Interest Coverage is 14.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo Ronbay New Energy Technology Co's current Interest Coverage is 2.88, which is 76% below median its own 10-year median of 12.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Ronbay New Energy Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Ningbo Ronbay New Energy Technology Co (SHSE:688005) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥23.56, compared to a current price of ¥28.56 — trading 21.2% above its estimated fair value. The current Interest Coverage is 2.88, which is 76% below median its 10-year median of 12.17 and 80.5% below the Industrial Products industry median of 14.80. Ningbo Ronbay New Energy Technology Co's overall GF Score™ is 79/100 with 10 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 Ronbay New Energy Technology Co (SHSE:688005), the current Interest Coverage is 2.88 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 Ronbay New Energy Technology Co (SHSE:688005) Overvalued in 2026?
Based on GuruFocus' analysis, Ningbo Ronbay New Energy Technology Co stock appears to be overvalued.
The current stock price of ¥28.56 is trading 21.2% above its estimated GF Value™ of ¥23.56.
GuruFocus considers Ningbo Ronbay New Energy Technology Co to be Modestly Overvalued.
Key valuation signals for SHSE:688005:
Interest Coverage: 2.88 (76% below median its 10-year median of 12.17)
GF Value™: ¥23.56 vs. price of ¥28.56 (21.2% above fair value)
Industry Position: 80.5% below the Industrial Products median (#2246 of 2321)
No single metric tells the full story. See the SHSE:688005 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ningbo Ronbay New Energy Technology Co Business Description
Ningbo Ronbay New Energy Technology Co Ltd is engaged in the research and development, production, and marketing of multi-materials, lithium ferromanganese phosphate (lmfp) materials, sodium battery materials, and multi-precursors. The products are mainly used in the manufacturing of lithium/sodium batteries and are mainly applied in fields such as electric vehicles, electric two-wheelers, energy storage equipment, and electronic products.
79GF Score
Get the complete analysis for SHSE:688005
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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