Chongqing Xishan Science and Technology Co (SHSE:688576) Interest Coverage : 1,048.65 (As of Mar. 2024)

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What is Chongqing Xishan Science and 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. Chongqing Xishan Science and Technology Co's Operating Income for the three months ended in Mar. 2024 was ¥24.1 Mil. Chongqing Xishan Science and Technology Co's Interest Expense for the three months ended in Mar. 2024 was ¥-0.0 Mil. Chongqing Xishan Science and Technology Co's interest coverage for the quarter that ended in Mar. 2024 was 1,048.65. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Chongqing Xishan Science and Technology Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Chongqing Xishan Science and Technology Co's Interest Coverage or its related term are showing as below:

SHSE:688576' s Interest Coverage Range Over the Past 10 Years
Min: 6.22 Med: 192.65 Max: No Debt
Current: 703.14

SHSE:688576's Interest Coverage is ranked better than
87.29% of 409 companies
in the Medical Devices & Instruments industry
Industry Median: 17.5 vs SHSE:688576: 703.14

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

Chongqing Xishan Science and Technology Co Interest Coverage Historical Data

The historical data trend for Chongqing Xishan Science and 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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Chongqing Xishan Science and Technology Co Interest Coverage Chart

Chongqing Xishan Science and Technology Co Annual Data

Trend

Dec13

Dec14

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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6.22

125.48

192.65

540.61

Chongqing Xishan Science and Technology Co Quarterly Data
	Dec13	Dec14	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial										331.73	360.09	282.29	1,591.44	1,048.65

Competitive Comparison of Chongqing Xishan Science and Technology Co's Interest Coverage

For the Medical Instruments & Supplies subindustry, Chongqing Xishan Science and 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.

Chongqing Xishan Science and Technology Co's Interest Coverage Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Chongqing Xishan Science and Technology Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Chongqing Xishan Science and Technology Co's Interest Coverage falls into.

Chongqing Xishan Science and 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.

Chongqing Xishan Science and 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, Chongqing Xishan Science and Technology Co's Interest Expense was ¥-0.2 Mil. Its Operating Income was ¥109.2 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥0.1 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	109.204	/	-0.202
	=	540.61

Chongqing Xishan Science and 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, Chongqing Xishan Science and Technology Co's Interest Expense was ¥-0.0 Mil. Its Operating Income was ¥24.1 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥0.1 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	24.119	/	-0.023
	=	1,048.65

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

Chongqing Xishan Science and Technology Co (SHSE:688576) 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 .

Chongqing Xishan Science and Technology Co Interest Coverage Related Terms

Thank you for viewing the detailed overview of Chongqing Xishan Science and Technology Co's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Chongqing Xishan Science and Technology Co (SHSE:688576) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Chongqing Xishan Science and Technology Co Ltd (SHSE:688576) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9, Middle Section of Huangshan Avenue, Jupiter Science and Technology Development Center, High-tech Park, North New District, Chongqing, CHN, 401121

Website

https://www.xishantech.com.cn

Chongqing Xishan Science and Technology Co Ltd focuses on surgical instruments, especially in the field of minimally invasive surgical instruments. It is mainly engaged in the research, development, production and sales of minimally invasive surgical instruments. Speculum, energy surgery equipment and other products, currently the products are mainly used in neurosurgery, ENT, orthopedics, breast surgery and other clinical departments. The company's main products are surgical power units, consumables and accessories, which are mainly used for cutting, grinding, planing, sawing, milling and trimming of bone tissue and soft tissue in surgical operations, especially minimally invasive surgical operations.

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