Ocean's King Lighting Science & Technology Co (SZSE:002724) Interest Coverage : 56.13 (As of Sep. 2024)

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What is Ocean's King Lighting Science & Technology 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. Ocean's King Lighting Science & Technology Co's Operating Income for the three months ended in Sep. 2024 was ¥17 Mil. Ocean's King Lighting Science & Technology Co's Interest Expense for the three months ended in Sep. 2024 was ¥-0 Mil. Ocean's King Lighting Science & Technology Co's interest coverage for the quarter that ended in Sep. 2024 was 56.13. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Ocean's King Lighting Science & Technology Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Ocean's King Lighting Science & Technology Co's Interest Coverage or its related term are showing as below:

SZSE:002724' s Interest Coverage Range Over the Past 10 Years
Min: 67.35 Med: 471.37 Max: 1357.28
Current: 67.35

SZSE:002724's Interest Coverage is ranked better than
75.5% of 2294 companies
in the Industrial Products industry
Industry Median: 15.225 vs SZSE:002724: 67.35

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

Ocean's King Lighting Science & Technology Co Interest Coverage Historical Data

The historical data trend for Ocean's King Lighting Science & Technology 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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Ocean's King Lighting Science & Technology Co Interest Coverage Chart

Ocean's King Lighting Science & Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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1,346.42

1,357.28

608.72

168.68

109.88

Ocean's King Lighting Science & Technology Co 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															-	54.64	-	194.14	56.13

Competitive Comparison of Ocean's King Lighting Science & Technology Co's Interest Coverage

For the Electrical Equipment & Parts subindustry, Ocean's King Lighting Science & Technology 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.

Ocean's King Lighting Science & Technology Co's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ocean's King Lighting Science & Technology Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Ocean's King Lighting Science & Technology Co's Interest Coverage falls into.

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Ocean's King Lighting Science & Technology 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.

Ocean's King Lighting Science & Technology 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, Ocean's King Lighting Science & Technology Co's Interest Expense was ¥-1 Mil. Its Operating Income was ¥122 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥6 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	121.965	/	-1.11
	=	109.88

Ocean's King Lighting Science & Technology Co's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the three months ended in Sep. 2024, Ocean's King Lighting Science & Technology Co's Interest Expense was ¥-0 Mil. Its Operating Income was ¥17 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥3 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	17.065	/	-0.304
	=	56.13

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

Ocean's King Lighting Science & Technology Co (SZSE:002724) 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 .

Ocean's King Lighting Science & Technology Co Interest Coverage Related Terms

Thank you for viewing the detailed overview of Ocean's King Lighting Science & Technology Co's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Ocean's King Lighting Science & Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ocean's King Lighting Science & Technology Co Ltd (SZSE:002724) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

Gaoxin Road, Ocean's King Science & Technology Tower, No. 1601, Guangming New District, Shenzhen, CHN, 518107

Website

http://www.haiyangwang.com

Ocean's King Lighting Science & Technology Co Ltd is a China-based company providing lighting products. It is engaged in the research, development, manufacture, and supply of innovative and reliable indoor and outdoor lighting solutions. The firm is a supplier of lighting products to transportation, power generation, mining, oil and gas, and petrochemical industries. It offers lighting and control products including fixed explosion-proof lighting, fixed professional lighting, mobile professional lighting, portable explosion-proof lighting, portable professional lighting, detectors, controllers, and gateways. The firm also provides value-added services.

Executives

Huang Xiu Qian	Director
Chen Yan	Directors, executives
Li Cai Fen	Director
Yang Zhi Jie	Directors, executives
Li Fu Ning	Director
Ma Shao Yong	Director
Feng Yuan	Supervisors
Li Ping	Independent director
Chen Shao Feng	Director
Zhou Ming Jie	Directors, executives
Yan Li Rong	Supervisors
Chen Hui	Secretary Dong
Yi Nian Feng	Supervisors

Ocean's King Lighting Science & Technology Co Headlines

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