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Sichuan Tianwei Electronic Co (SHSE:688511) Interest Coverage : 93.73 (As of Sep. 2024)


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What is Sichuan Tianwei Electronic 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. Sichuan Tianwei Electronic Co's Operating Income for the three months ended in Sep. 2024 was ¥7.4 Mil. Sichuan Tianwei Electronic Co's Interest Expense for the three months ended in Sep. 2024 was ¥-0.1 Mil. Sichuan Tianwei Electronic Co's interest coverage for the quarter that ended in Sep. 2024 was 93.73. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Sichuan Tianwei Electronic Co Ltd has no debt.

The historical rank and industry rank for Sichuan Tianwei Electronic Co's Interest Coverage or its related term are showing as below:

SHSE:688511' s Interest Coverage Range Over the Past 10 Years
Min: 4.04   Med: 69.17   Max: 3312.33
Current: 268.75


SHSE:688511's Interest Coverage is ranked better than
92.2% of 218 companies
in the Aerospace & Defense industry
Industry Median: 7.665 vs SHSE:688511: 268.75

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


Sichuan Tianwei Electronic Co Interest Coverage Historical Data

The historical data trend for Sichuan Tianwei Electronic 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.

Sichuan Tianwei Electronic Co Interest Coverage Chart

Sichuan Tianwei Electronic Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial 33.46 69.17 90.05 441.04 3,312.33

Sichuan Tianwei Electronic Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 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 Premium Member Only Premium Member Only 2,565.00 2,659.40 5,625.00 - 93.73

Competitive Comparison of Sichuan Tianwei Electronic Co's Interest Coverage

For the Aerospace & Defense subindustry, Sichuan Tianwei Electronic 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.


Sichuan Tianwei Electronic Co's Interest Coverage Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Sichuan Tianwei Electronic Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Sichuan Tianwei Electronic Co's Interest Coverage falls into.



Sichuan Tianwei Electronic 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.

Sichuan Tianwei Electronic 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, Sichuan Tianwei Electronic Co's Interest Expense was ¥-0.0 Mil. Its Operating Income was ¥39.7 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥0.0 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*39.748/-0.012
=3,312.33

Sichuan Tianwei Electronic Co's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the three months ended in Sep. 2024, Sichuan Tianwei Electronic Co's Interest Expense was ¥-0.1 Mil. Its Operating Income was ¥7.4 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥0.0 Mil.

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*7.405/-0.079
=93.73

* 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.


Sichuan Tianwei Electronic Co  (SHSE:688511) 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 .


Sichuan Tianwei Electronic Co Interest Coverage Related Terms

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Sichuan Tianwei Electronic Co Business Description

Traded in Other Exchanges
N/A
Address
No. 233, Wulian 1st Road, Gongxing Street, China (Sichuan) Pilot Free Trade Zone, Shuangliu District, Chengdu, CHN, 610200
Sichuan Tianwei Electronic Co Ltd is a military scientific research and production company engaged in the research and development, production and sales of high-speed automatic fire suppression and explosion suppression systems, high-energy aviation ignition discharge devices, and high-precision fuse devices. The company's products are widely used in weapons, aviation, aerospace, shipbuilding, electronics and other fields such as in coal mines, energy, electric power, dust industries, and public Civil areas such as transportation.
Executives
Yang De Zhi Core technical personnel
Hou Guang Li senior management
Yang Qin Qin senior management
Zhang Chao Directors, senior managers, core technical personnel
Liu Bin Core technical personnel
Luo Yuan Lin Core technical personnel
Ma Yi Director
Yang Hai Yan Core technical personnel

Sichuan Tianwei Electronic Co Headlines

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