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Zotye Automobile Co (SZSE:000980) Interest Coverage : 0 (At Loss) (As of Mar. 2025)


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What is Zotye Automobile 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. Zotye Automobile Co's Operating Income for the three months ended in Mar. 2025 was ¥-63.2 Mil. Zotye Automobile Co's Interest Expense for the three months ended in Mar. 2025 was ¥-15.9 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 Zotye Automobile Co's Interest Coverage or its related term are showing as below:


SZSE:000980's Interest Coverage is not ranked *
in the Vehicles & Parts industry.
Industry Median: 8.055
* 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.


Zotye Automobile Co Interest Coverage Historical Data

The historical data trend for Zotye Automobile 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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Zotye Automobile Co Interest Coverage Chart

Zotye Automobile Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Interest Coverage
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Zotye Automobile Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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Competitive Comparison of Zotye Automobile Co's Interest Coverage

For the Auto Manufacturers subindustry, Zotye Automobile 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.


Zotye Automobile Co's Interest Coverage Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Zotye Automobile Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Zotye Automobile Co's Interest Coverage falls into.


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Zotye Automobile 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.

Zotye Automobile Co's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, Zotye Automobile Co's Interest Expense was ¥-121.3 Mil. Its Operating Income was ¥-346.6 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥649.2 Mil.

Zotye Automobile Co did not have earnings to cover the interest expense.

Zotye Automobile Co's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the three months ended in Mar. 2025, Zotye Automobile Co's Interest Expense was ¥-15.9 Mil. Its Operating Income was ¥-63.2 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥656.9 Mil.

Zotye Automobile 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.


Zotye Automobile Co  (SZSE:000980) 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 .


Zotye Automobile Co Interest Coverage Related Terms

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Zotye Automobile Co Business Description

Traded in Other Exchanges
N/A
Address
Yongkang Economic Development Zone, Zhejiang, CHN, 321301
Zotye Automobile Co Ltd is a China-based auto vehicle manufacturing company. The company is engaged in the business of research and development, manufacturing and sales of complete vehicles as the core business. The company owns automotive brands such as Zotye, Jiangnan, and Junma. The products of the company cover market segments such as cars, SUVs, MPVs, and new energy vehicles. It manufactures and distributes automobile instruments, security doors, and other automobile parts. The organization sells its vehicles in China and also exports it to other international countries.
Executives
Wang Lei Executives
Xu Zi Jie Supervisors
Wang Yu Mei Executives
Fang Mao Jun Executives
Yang Hai Feng Secretary Dong
Yan Gen Shui Directors, executives
Yu Bin Directors, executives

Zotye Automobile Co Headlines

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