Shenzhen Zhongjin Lingnan Nonfemet Co (SZSE:000060) Interest Coverage : 3.84 (As of Mar. 2024)

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What is Shenzhen Zhongjin Lingnan Nonfemet 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. Shenzhen Zhongjin Lingnan Nonfemet Co's Operating Income for the three months ended in Mar. 2024 was ¥540 Mil. Shenzhen Zhongjin Lingnan Nonfemet Co's Interest Expense for the three months ended in Mar. 2024 was ¥-141 Mil. Shenzhen Zhongjin Lingnan Nonfemet Co's interest coverage for the quarter that ended in Mar. 2024 was 3.84. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Shenzhen Zhongjin Lingnan Nonfemet Co's Interest Coverage or its related term are showing as below:

SZSE:000060' s Interest Coverage Range Over the Past 10 Years
Min: 0.56 Med: 4.69 Max: 8.74
Current: 2.9

SZSE:000060's Interest Coverage is ranked worse than
91.2% of 1330 companies
in the Metals & Mining industry
Industry Median: No Debt vs SZSE:000060: 2.90

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

Shenzhen Zhongjin Lingnan Nonfemet Co Interest Coverage Historical Data

The historical data trend for Shenzhen Zhongjin Lingnan Nonfemet 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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Shenzhen Zhongjin Lingnan Nonfemet Co Interest Coverage Chart

Shenzhen Zhongjin Lingnan Nonfemet Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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3.59

5.61

8.74

6.98

2.92

Shenzhen Zhongjin Lingnan Nonfemet 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															4.14	4.04	3.76	1.18	3.84

Competitive Comparison of Shenzhen Zhongjin Lingnan Nonfemet Co's Interest Coverage

For the Other Industrial Metals & Mining subindustry, Shenzhen Zhongjin Lingnan Nonfemet 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.

Shenzhen Zhongjin Lingnan Nonfemet Co's Interest Coverage Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Shenzhen Zhongjin Lingnan Nonfemet Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Shenzhen Zhongjin Lingnan Nonfemet Co's Interest Coverage falls into.

Shenzhen Zhongjin Lingnan Nonfemet 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.

Shenzhen Zhongjin Lingnan Nonfemet 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, Shenzhen Zhongjin Lingnan Nonfemet Co's Interest Expense was ¥-597 Mil. Its Operating Income was ¥1,741 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥9,685 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	1741.04	/	-597.26
	=	2.92

Shenzhen Zhongjin Lingnan Nonfemet Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Shenzhen Zhongjin Lingnan Nonfemet Co's Interest Expense was ¥-141 Mil. Its Operating Income was ¥540 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥10,413 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	540.034	/	-140.627
	=	3.84

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

Shenzhen Zhongjin Lingnan Nonfemet Co (SZSE:000060) 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 .

Shenzhen Zhongjin Lingnan Nonfemet Co Interest Coverage Related Terms

Thank you for viewing the detailed overview of Shenzhen Zhongjin Lingnan Nonfemet Co's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Shenzhen Zhongjin Lingnan Nonfemet Co (SZSE:000060) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Shenzhen Zhongjin Lingnan Nonfemet Co Ltd (SZSE:000060) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

6013 Shennan Road, Zhongguo Youse Building, 24th-26th Floor, Futian District, Guangdong, Shenzhen, CHN, 518040

Website

http://www.nonfemet.com

Shenzhen Zhongjin Lingnan Nonfemet Co Ltd is a China-based company engaged in the production of non-ferrous metals. Its product portfolio includes fine lead ore, fine zinc ore, mixed lead and zinc ore, fine sulfur ore, electrolytic lead, fine zinc, silver, fine cadmium, germanium ingots, germanium dioxide, indium ingots, sulfuric acid, zinc sulfate, section aluminum, curtain walls, steel stripes, nickel hydroxide, zinc powder for batteries, and fibrous nickel powder. The company also undertakes cross-industry and cross-region operations that span mining, processing, smelting, manufacturing, research and development, construction materials, real estate development, trade, warehousing, and financial service.

Executives

Qi Si Yin	Supervisors
Huang Jian Min	Secretary Dong
Yu Gang	Directors, executives
Chen Shao Hua	Executives
Niu Hong	Supervisors
Chu Hu	Executives
Liang Ming	Executives
Wu Sheng Hui	Director
Yao Shu	Executives
Yu Zhong Min	Executives
Peng Ling	Directors, executives
Ma Jian Hua	Director
Zhang Guang Yan	Supervisors
Zheng Jin Hua	Supervisors
Zhu Wei Ping	Independent director

Shenzhen Zhongjin Lingnan Nonfemet Co (SZSE:000060) Headlines

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