Harbin Jiuzhou Group Co (SZSE:300040) Interest Coverage : 0.84 (As of Mar. 2024)

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What is Harbin Jiuzhou Group 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. Harbin Jiuzhou Group Co's Operating Income for the three months ended in Mar. 2024 was ¥31 Mil. Harbin Jiuzhou Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥-37 Mil. Harbin Jiuzhou Group Co's interest coverage for the quarter that ended in Mar. 2024 was 0.84. 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. Harbin Jiuzhou Group Co Ltd interest coverage is 1.95, which is low.

The historical rank and industry rank for Harbin Jiuzhou Group Co's Interest Coverage or its related term are showing as below:

SZSE:300040' s Interest Coverage Range Over the Past 10 Years
Min: 1.95 Med: 6.55 Max: 93.45
Current: 1.95

SZSE:300040's Interest Coverage is ranked worse than
88.65% of 2290 companies
in the Industrial Products industry
Industry Median: 13.785 vs SZSE:300040: 1.95

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

Harbin Jiuzhou Group Co Interest Coverage Historical Data

The historical data trend for Harbin Jiuzhou Group 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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Harbin Jiuzhou Group Co Interest Coverage Chart

Harbin Jiuzhou Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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5.44

9.07

6.55

5.78

2.24

Harbin Jiuzhou Group 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															1.56	-	0.40	-	0.84

Competitive Comparison of Harbin Jiuzhou Group Co's Interest Coverage

For the Specialty Industrial Machinery subindustry, Harbin Jiuzhou Group 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.

Harbin Jiuzhou Group Co's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Harbin Jiuzhou Group Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Harbin Jiuzhou Group Co's Interest Coverage falls into.

Harbin Jiuzhou Group 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.

Harbin Jiuzhou Group 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, Harbin Jiuzhou Group Co's Interest Expense was ¥-84 Mil. Its Operating Income was ¥188 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥2,767 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	188.244	/	-84.034
	=	2.24

Harbin Jiuzhou Group Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Harbin Jiuzhou Group Co's Interest Expense was ¥-37 Mil. Its Operating Income was ¥31 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥2,747 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	31.167	/	-36.886
	=	0.84

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

Harbin Jiuzhou Group Co (SZSE:300040) 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 .

Harbin Jiuzhou Group Co Interest Coverage Related Terms

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Harbin Jiuzhou Group Co (SZSE:300040) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Harbin Jiuzhou Group Co Ltd (SZSE:300040) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 609 Jiuzhou Road, Songbei District, Heilongjiang Province, Harbin, CHN, 150027

Website

http://www.jze.com.cn

Harbin Jiuzhou Group Co Ltd operates as an electrical equipment supplier and energy efficient management solutions provider. The solutions provided by the company include building technology, distribution automation, rail transit solution, data center, and city and infrastructure. The products and services include power products, switchgear, high voltage motor drive products, and power system automation.

Executives

Li Yin	Director
Li Zhen	Securities Affairs Representative
Zhang Qing	Directors, executives
Liu Fu Li	Executives
Yang Deng Rui	Independent director
Zou Cun Dong	Executives

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