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Jiangsu Azure (SZSE:002245) Interest Coverage : 15.49 (As of Sep. 2024)


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What is Jiangsu Azure 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. Jiangsu Azure's Operating Income for the three months ended in Sep. 2024 was ¥170 Mil. Jiangsu Azure's Interest Expense for the three months ended in Sep. 2024 was ¥-11 Mil. Jiangsu Azure's interest coverage for the quarter that ended in Sep. 2024 was 15.49. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Jiangsu Azure's Interest Coverage or its related term are showing as below:

SZSE:002245' s Interest Coverage Range Over the Past 10 Years
Min: 3.36   Med: 9.13   Max: 86.7
Current: 10.11


SZSE:002245's Interest Coverage is ranked better than
64.86% of 407 companies
in the Conglomerates industry
Industry Median: 4.7 vs SZSE:002245: 10.11

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


Jiangsu Azure Interest Coverage Historical Data

The historical data trend for Jiangsu Azure'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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Jiangsu Azure Interest Coverage Chart

Jiangsu Azure Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.36 4.68 12.65 7.70 4.21

Jiangsu Azure 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 4.20 7.62 6.41 11.04 15.49

Competitive Comparison of Jiangsu Azure's Interest Coverage

For the Conglomerates subindustry, Jiangsu Azure'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.


Jiangsu Azure's Interest Coverage Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Jiangsu Azure's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Jiangsu Azure's Interest Coverage falls into.



Jiangsu Azure 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.

Jiangsu Azure'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, Jiangsu Azure's Interest Expense was ¥-46 Mil. Its Operating Income was ¥194 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥341 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*194.167/-46.106
=4.21

Jiangsu Azure's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the three months ended in Sep. 2024, Jiangsu Azure's Interest Expense was ¥-11 Mil. Its Operating Income was ¥170 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥139 Mil.

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*170.201/-10.99
=15.49

* 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.


Jiangsu Azure  (SZSE:002245) 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 .


Jiangsu Azure Interest Coverage Related Terms

Thank you for viewing the detailed overview of Jiangsu Azure's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Jiangsu Azure Business Description

Traded in Other Exchanges
N/A
Address
No. 10, Xinjing Middle Road, Yangshe Town, Jiangsu Province, Jiangsu, Zhangjiagang, CHN, 215618
Jiangsu Azure Corp formerly Jiangsu Aucksun Co Ltd is a China-based company engaged in the areas of metal logistics and distribution, LED chips and new energy lithium batteries. The company provides complete supply chain services for warehousing, sorting, arranging, packaging, distribution and processing of metal materials.
Executives
Cao Cheng Bao Independent director
Yu Jing Zhu Supervisors
Chen Kai Directors, executives
Wu Xiang Yang Securities Affairs Representative
Cheng Hong Executives
Lin Wen Hua Directors, executives, directors
Xu Li Ying Director
Li Ke Feng Director
Zhu Bao Yuan Director
Xu Zuo Ming Supervisors
Shen Xue Ru Director
Xu Peng Cheng Securities Affairs Representative
Wang Han Xi Executives

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