Shenzhen Woer Heat-Shrinkable Material Co (SZSE:002130) Interest Coverage : 17.33 (As of Mar. 2024)

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What is Shenzhen Woer Heat-Shrinkable Material 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 Woer Heat-Shrinkable Material Co's Operating Income for the three months ended in Mar. 2024 was ¥235 Mil. Shenzhen Woer Heat-Shrinkable Material Co's Interest Expense for the three months ended in Mar. 2024 was ¥-14 Mil. Shenzhen Woer Heat-Shrinkable Material Co's interest coverage for the quarter that ended in Mar. 2024 was 17.33. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Shenzhen Woer Heat-Shrinkable Material Co's Interest Coverage or its related term are showing as below:

SZSE:002130' s Interest Coverage Range Over the Past 10 Years
Min: 1.54 Med: 4.05 Max: 17.35
Current: 17.35

SZSE:002130's Interest Coverage is ranked better than
54.95% of 2291 companies
in the Industrial Products industry
Industry Median: 13.67 vs SZSE:002130: 17.35

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

Shenzhen Woer Heat-Shrinkable Material Co Interest Coverage Historical Data

The historical data trend for Shenzhen Woer Heat-Shrinkable Material 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 Woer Heat-Shrinkable Material Co Interest Coverage Chart

Shenzhen Woer Heat-Shrinkable Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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3.47

5.43

7.44

9.26

14.82

Shenzhen Woer Heat-Shrinkable Material 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															8.16	13.20	-	11.36	17.33

Competitive Comparison of Shenzhen Woer Heat-Shrinkable Material Co's Interest Coverage

For the Electrical Equipment & Parts subindustry, Shenzhen Woer Heat-Shrinkable Material 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 Woer Heat-Shrinkable Material Co's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shenzhen Woer Heat-Shrinkable Material Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Shenzhen Woer Heat-Shrinkable Material Co's Interest Coverage falls into.

Shenzhen Woer Heat-Shrinkable Material 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 Woer Heat-Shrinkable Material 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 Woer Heat-Shrinkable Material Co's Interest Expense was ¥-66 Mil. Its Operating Income was ¥980 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥655 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	980.456	/	-66.166
	=	14.82

Shenzhen Woer Heat-Shrinkable Material 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 Woer Heat-Shrinkable Material Co's Interest Expense was ¥-14 Mil. Its Operating Income was ¥235 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥796 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	235.194	/	-13.569
	=	17.33

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

Shenzhen Woer Heat-Shrinkable Material Co (SZSE:002130) 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 Woer Heat-Shrinkable Material Co Interest Coverage Related Terms

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Shenzhen Woer Heat-Shrinkable Material Co (SZSE:002130) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Woer Heat-Shrinkable Material Co Ltd (SZSE:002130) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

North Lanjing Road, Woer mansion, Pingshan, Shenzhen, Guangdong, CHN

Website

http://www.woer.com

Shenzhen Woer Heat-Shrinkable Material Co Ltd engages in the research and development, manufacture, and sale of heat-shrinkable materials in China. Its products include heat shrinkable tubes, heat shrinkable bus bar tubing, heat shrinkable power cable accessories, cold shrinkable power cable accessories, PE cross-linked wires, etc. The company also offers single and dual wall heat shrink, medium and heavy wall tubing, and other heat shrinkable tubing products; and identification sleeves, cables and wires, separable connectors accessories, separable connectors, ceramic fire-resistant materials, cold and heat shrink cable accessories, cold applied cable accessories, and other products.

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