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Jiangsu Baichuan High-Tech New Materials Co (SZSE:002455) Interest Coverage : 1.23 (As of Mar. 2025)


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What is Jiangsu Baichuan High-Tech New Materials 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. Jiangsu Baichuan High-Tech New Materials Co's Operating Income for the three months ended in Mar. 2025 was ¥62 Mil. Jiangsu Baichuan High-Tech New Materials Co's Interest Expense for the three months ended in Mar. 2025 was ¥-50 Mil. Jiangsu Baichuan High-Tech New Materials Co's interest coverage for the quarter that ended in Mar. 2025 was 1.23. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Jiangsu Baichuan High-Tech New Materials Co Ltd interest coverage is 1.26, which is low.

The historical rank and industry rank for Jiangsu Baichuan High-Tech New Materials Co's Interest Coverage or its related term are showing as below:

SZSE:002455' s Interest Coverage Range Over the Past 10 Years
Min: 1.26   Med: 4.29   Max: 49.86
Current: 1.26


SZSE:002455's Interest Coverage is ranked worse than
90.89% of 1186 companies
in the Chemicals industry
Industry Median: 9.72 vs SZSE:002455: 1.26

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 Baichuan High-Tech New Materials Co Interest Coverage Historical Data

The historical data trend for Jiangsu Baichuan High-Tech New Materials 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.

* Premium members only.

Jiangsu Baichuan High-Tech New Materials Co Interest Coverage Chart

Jiangsu Baichuan High-Tech New Materials Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.18 5.02 2.60 - 1.31

Jiangsu Baichuan High-Tech New Materials Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 1.44 1.82 - 1.91 1.23

Competitive Comparison of Jiangsu Baichuan High-Tech New Materials Co's Interest Coverage

For the Specialty Chemicals subindustry, Jiangsu Baichuan High-Tech New Materials 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.


Jiangsu Baichuan High-Tech New Materials Co's Interest Coverage Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Jiangsu Baichuan High-Tech New Materials Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Jiangsu Baichuan High-Tech New Materials Co's Interest Coverage falls into.


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Jiangsu Baichuan High-Tech New Materials 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.

Jiangsu Baichuan High-Tech New Materials 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, Jiangsu Baichuan High-Tech New Materials Co's Interest Expense was ¥-229 Mil. Its Operating Income was ¥300 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥1,930 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2024 )/Interest Expense (A: Dec. 2024 )
=-1*299.522/-229.426
=1.31

Jiangsu Baichuan High-Tech New Materials Co's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the three months ended in Mar. 2025, Jiangsu Baichuan High-Tech New Materials Co's Interest Expense was ¥-50 Mil. Its Operating Income was ¥62 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥1,890 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2025 )/Interest Expense (Q: Mar. 2025 )
=-1*61.627/-50.027
=1.23

* 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 Baichuan High-Tech New Materials Co  (SZSE:002455) 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 Baichuan High-Tech New Materials Co Interest Coverage Related Terms

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Jiangsu Baichuan High-Tech New Materials Co Business Description

Traded in Other Exchanges
N/A
Address
55 Jianshe Lu, Yunting Town, Jiangsu Province, Jiangyin, CHN, 214422
Jiangsu Baichuan High-Tech New Materials Co Ltd is engaged in hi-tech fine chemical products. It is engaged in research, development, and production of many environment-friendly chemical products, such as acetates, propylene glycol ether and its esters, acid anhydrides, plasticizer, polyatomic alcohols, insulating resins and enamel wire paints. The company's products are widely used in many fields, such as paintings, cementing compounds, pharmaceutical and medical treatment, household appliances, carpentry furniture, finishing and decoration, toys for children, package printing, industrial equipment, and road marking.
Executives
Zheng Tie Jiang Director
Sun Bai Ya Executives
Jiang Guo Qiang Directors, executives
Cao Sheng Ping Executives
Cao Cai E Executives
Weng Jun Wei Supervisors
Chen Hui Min Directors, executives
Zheng Jiang Directors, executives
Hui Ning Director
Cheng Guo Liang Supervisors
Xu Wei Supervisors

Jiangsu Baichuan High-Tech New Materials Co Headlines

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