Zhejiang Risun Intelligent Technology Co (SHSE:688215) Interest Coverage : 11.47 (As of Mar. 2024)

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What is Zhejiang Risun Intelligent Technology 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. Zhejiang Risun Intelligent Technology Co's Operating Income for the three months ended in Mar. 2024 was ¥6.1 Mil. Zhejiang Risun Intelligent Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥-0.5 Mil. Zhejiang Risun Intelligent Technology Co's interest coverage for the quarter that ended in Mar. 2024 was 11.47. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Zhejiang Risun Intelligent Technology Co's Interest Coverage or its related term are showing as below:

SHSE:688215' s Interest Coverage Range Over the Past 10 Years
Min: 15.54 Med: 58.45 Max: No Debt
Current: 17.17

SHSE:688215's Interest Coverage is ranked better than
54.64% of 2297 companies
in the Industrial Products industry
Industry Median: 13.67 vs SHSE:688215: 17.17

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

Zhejiang Risun Intelligent Technology Co Interest Coverage Historical Data

The historical data trend for Zhejiang Risun Intelligent Technology 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.

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Zhejiang Risun Intelligent Technology Co Interest Coverage Chart

Zhejiang Risun Intelligent Technology Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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106.84

43.78

15.54

15.94

19.42

Zhejiang Risun Intelligent Technology Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial															19.11	26.02	10.44	23.21	11.47

Competitive Comparison of Zhejiang Risun Intelligent Technology Co's Interest Coverage

For the Specialty Industrial Machinery subindustry, Zhejiang Risun Intelligent 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.

Zhejiang Risun Intelligent Technology Co's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhejiang Risun Intelligent Technology Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Zhejiang Risun Intelligent Technology Co's Interest Coverage falls into.

Zhejiang Risun Intelligent 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:

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.

Zhejiang Risun Intelligent Technology 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, Zhejiang Risun Intelligent Technology Co's Interest Expense was ¥-1.6 Mil. Its Operating Income was ¥31.3 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥1.8 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	31.28	/	-1.611
	=	19.42

Zhejiang Risun Intelligent Technology Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Zhejiang Risun Intelligent Technology Co's Interest Expense was ¥-0.5 Mil. Its Operating Income was ¥6.1 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥1.7 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	6.134	/	-0.535
	=	11.47

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

Zhejiang Risun Intelligent Technology Co (SHSE:688215) 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 .

Zhejiang Risun Intelligent Technology Co Interest Coverage Related Terms

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Zhejiang Risun Intelligent Technology Co (SHSE:688215) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Risun Intelligent Technology Co Ltd (SHSE:688215) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Room 4-18, No. 6, Jingyuan Road, Ningbo High-tech Zone, Zhejiang Province, Ningbo, CHN, 315040

Website

http://www.sunrise.com.cn

Zhejiang Risun Intelligent Technology Co Ltd is engaged in production and sales of intelligent material transfer, automated production, automated storage, automated sorting and logistics systems in industrial production. The company's main products are intelligent suspension production system, intelligent suspension warehouse sorting system, plane logistics transportation system, intelligent intersection pallet sorting machine, intelligent stereo storage system, real time data acquisition system and intelligent mobile robot (AGV), MES, WMS and other automated production equipment and logistics equipment, that are mainly applied to clothing, home textile, home, auto parts, cases, bags, shoes, baby carrier, electric business, logistics, warehousing, washing, and other industries.

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