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Qi An Xin Technology Group (SHSE:688561) Interest Coverage : 0 (At Loss) (As of Sep. 2024)


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What is Qi An Xin Technology Group 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. Qi An Xin Technology Group's Operating Income for the three months ended in Sep. 2024 was ¥-303 Mil. Qi An Xin Technology Group's Interest Expense for the three months ended in Sep. 2024 was ¥-12 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 Qi An Xin Technology Group's Interest Coverage or its related term are showing as below:

SHSE:688561' s Interest Coverage Range Over the Past 10 Years
Min: 11.35   Med: 13.18   Max: 13.18
Current: 11.35


SHSE:688561's Interest Coverage is ranked worse than
63.41% of 1618 companies
in the Software industry
Industry Median: 27.82 vs SHSE:688561: 11.35

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


Qi An Xin Technology Group Interest Coverage Historical Data

The historical data trend for Qi An Xin Technology Group'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.

Qi An Xin Technology Group Interest Coverage Chart

Qi An Xin Technology Group Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial - - - - 13.18

Qi An Xin Technology Group 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 - 219.17 - - -

Competitive Comparison of Qi An Xin Technology Group's Interest Coverage

For the Software - Infrastructure subindustry, Qi An Xin Technology Group'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.


Qi An Xin Technology Group's Interest Coverage Distribution in the Software Industry

For the Software industry and Technology sector, Qi An Xin Technology Group's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Qi An Xin Technology Group's Interest Coverage falls into.



Qi An Xin Technology Group 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.

Qi An Xin Technology Group'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, Qi An Xin Technology Group's Interest Expense was ¥-33 Mil. Its Operating Income was ¥436 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥430 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*435.503/-33.046
=13.18

Qi An Xin Technology Group's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the three months ended in Sep. 2024, Qi An Xin Technology Group's Interest Expense was ¥-12 Mil. Its Operating Income was ¥-303 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥429 Mil.

Qi An Xin Technology Group 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.


Qi An Xin Technology Group  (SHSE:688561) 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 .


Qi An Xin Technology Group Interest Coverage Related Terms

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Qi An Xin Technology Group Business Description

Traded in Other Exchanges
N/A
Address
No.1, 26 of Xizhimenwai South Road, Qianxin Security Center, Xicheng District, Beijing, CHN
Qi An Xin Technology Group Inc provides a new generation of enterprise-level network security products and services to government and corporate customers.
Executives
Gu Yong Xiang Core technical personnel
Ma Jiang Bo Core technical personnel
Liu Hao Core technical personnel
Liu Yan Core technical personnel
Tang Di Bin Core technical personnel
Ji Yan Min Core technical personnel
Xu Gui Bin Senior management, core technical personnel
Ma Lei Si senior management
Ye Sheng Core technical personnel
Yang Hong Peng Directors, senior managers
Wu Yun Kun Directors, senior managers, core technical personn
Liu Hong Jin senior management
He Xin Fei senior management
Zuo Wen Jian Senior management, core technical personnel
Fan Jun Cheng Core technical personnel

Qi An Xin Technology Group Headlines

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