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Winall Hi-tech Seed Co (SZSE:300087) Interest Coverage : 0 (At Loss) (As of Sep. 2024)


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What is Winall Hi-tech Seed 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. Winall Hi-tech Seed Co's Operating Income for the three months ended in Sep. 2024 was ¥-65 Mil. Winall Hi-tech Seed Co's Interest Expense for the three months ended in Sep. 2024 was ¥-15 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Winall Hi-tech Seed Co's Interest Coverage or its related term are showing as below:

SZSE:300087' s Interest Coverage Range Over the Past 10 Years
Min: 5.8   Med: 23.74   Max: 660.25
Current: 5.8


SZSE:300087's Interest Coverage is ranked worse than
56.73% of 1433 companies
in the Consumer Packaged Goods industry
Industry Median: 8.64 vs SZSE:300087: 5.80

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


Winall Hi-tech Seed Co Interest Coverage Historical Data

The historical data trend for Winall Hi-tech Seed 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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Winall Hi-tech Seed Co Interest Coverage Chart

Winall Hi-tech Seed Co 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 152.35 10.61 10.43 10.02 11.21

Winall Hi-tech Seed 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 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 - 29.41 2.00 - -

Competitive Comparison of Winall Hi-tech Seed Co's Interest Coverage

For the Farm Products subindustry, Winall Hi-tech Seed 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.


Winall Hi-tech Seed Co's Interest Coverage Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Winall Hi-tech Seed Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Winall Hi-tech Seed Co's Interest Coverage falls into.



Winall Hi-tech Seed 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.

Winall Hi-tech Seed 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, Winall Hi-tech Seed Co's Interest Expense was ¥-38 Mil. Its Operating Income was ¥428 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥652 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*427.887/-38.177
=11.21

Winall Hi-tech Seed Co's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the three months ended in Sep. 2024, Winall Hi-tech Seed Co's Interest Expense was ¥-15 Mil. Its Operating Income was ¥-65 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥394 Mil.

Winall Hi-tech Seed Co did not have earnings to cover the interest expense.

* 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.


Winall Hi-tech Seed Co  (SZSE:300087) 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 .


Winall Hi-tech Seed Co Interest Coverage Related Terms

Thank you for viewing the detailed overview of Winall Hi-tech Seed Co's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Winall Hi-tech Seed Co Business Description

Traded in Other Exchanges
N/A
Address
Tian Chi Road, Hefei High-tech Industrial Development Zone No 3, Hefei, CHN, 230088
Winall Hi-tech Seed Co Ltd is a seed company. It is engaged in the breeding of various crop seeds in China. The company produces hybrid rice varieties from double cropping; and three-line two-line hybrid rice varieties, as well as corn, wheat, cottonseed oil, vegetables, west melon, pumpkin, and other crop seeds.
Executives
Zhang Qin Directors, executives
Jiang San Qiao Executives
Zhang Cong He Executives
Zhu Quan Gui Executives
Gao Sheng Cong Executives
Jia Gui Lan Director
Chen Jin Jie Director
Wang Jin Directors, executives
Feng Qi Supervisors
Xu Wen Jian Director
Gao Jian Director
Wang Qun Executives
Li Cheng Quan Director
Jiang Xiao Min Supervisors

Winall Hi-tech Seed Co Headlines

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