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Beijing Jiuzhouyigui Environmental Technology Co (SHSE:688485) Interest Coverage : 0 (At Loss) (As of Sep. 2024)


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What is Beijing Jiuzhouyigui Environmental 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. Beijing Jiuzhouyigui Environmental Technology Co's Operating Income for the three months ended in Sep. 2024 was ¥-0.2 Mil. Beijing Jiuzhouyigui Environmental Technology Co's Interest Expense for the three months ended in Sep. 2024 was ¥-0.2 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Beijing Jiuzhouyigui Environmental Technology Co's Interest Coverage or its related term are showing as below:


SHSE:688485's Interest Coverage is not ranked *
in the Business Services industry.
Industry Median: 13.2
* Ranked among companies with meaningful Interest Coverage only.

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


Beijing Jiuzhouyigui Environmental Technology Co Interest Coverage Historical Data

The historical data trend for Beijing Jiuzhouyigui Environmental 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.

* Premium members only.

Beijing Jiuzhouyigui Environmental Technology Co Interest Coverage Chart

Beijing Jiuzhouyigui Environmental Technology Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial 57.53 343.67 111.03 78.46 4.12

Beijing Jiuzhouyigui Environmental Technology Co Quarterly Data
Dec18 Dec19 Sep20 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 40.84 78.44 - - -

Competitive Comparison of Beijing Jiuzhouyigui Environmental Technology Co's Interest Coverage

For the Specialty Business Services subindustry, Beijing Jiuzhouyigui Environmental 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.


Beijing Jiuzhouyigui Environmental Technology Co's Interest Coverage Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Beijing Jiuzhouyigui Environmental Technology Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Beijing Jiuzhouyigui Environmental Technology Co's Interest Coverage falls into.



Beijing Jiuzhouyigui Environmental 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.

Beijing Jiuzhouyigui Environmental 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, Beijing Jiuzhouyigui Environmental Technology Co's Interest Expense was ¥-1.0 Mil. Its Operating Income was ¥4.1 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥6.5 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*4.068/-0.987
=4.12

Beijing Jiuzhouyigui Environmental Technology Co's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the three months ended in Sep. 2024, Beijing Jiuzhouyigui Environmental Technology Co's Interest Expense was ¥-0.2 Mil. Its Operating Income was ¥-0.2 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥5.4 Mil.

Beijing Jiuzhouyigui Environmental Technology Co did not have earnings to cover the 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.

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


Beijing Jiuzhouyigui Environmental Technology Co  (SHSE:688485) 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 .


Beijing Jiuzhouyigui Environmental Technology Co Interest Coverage Related Terms

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Beijing Jiuzhouyigui Environmental Technology Co Business Description

Traded in Other Exchanges
N/A
Address
No. 32, Guangmao Road, Doudian Town, Fangshan District, Beijing, CHN, 100070
Beijing Jiuzhouyigui Environmental Technology Co Ltd is a comprehensive service provider in the field of rail transit vibration and noise reduction.

Beijing Jiuzhouyigui Environmental Technology Co Headlines

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