Shandong Meichen Ecology & Environment Co (SZSE:300237) Interest Coverage : 0 (At Loss) (As of Mar. 2024)

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What is Shandong Meichen Ecology & Environment 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. Shandong Meichen Ecology & Environment Co's Operating Income for the three months ended in Mar. 2024 was ¥-64 Mil. Shandong Meichen Ecology & Environment Co's Interest Expense for the three months ended in Mar. 2024 was ¥-68 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 Shandong Meichen Ecology & Environment Co's Interest Coverage or its related term are showing as below:

SZSE:300237's Interest Coverage is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 7.77
* Ranked among companies with meaningful Interest Coverage only.

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

Shandong Meichen Ecology & Environment Co Interest Coverage Historical Data

The historical data trend for Shandong Meichen Ecology & Environment 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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Shandong Meichen Ecology & Environment Co Interest Coverage Chart

Shandong Meichen Ecology & Environment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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1.42

1.50

Shandong Meichen Ecology & Environment 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															-	-	-	-	-

Competitive Comparison of Shandong Meichen Ecology & Environment Co's Interest Coverage

For the Auto Parts subindustry, Shandong Meichen Ecology & Environment 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.

Shandong Meichen Ecology & Environment Co's Interest Coverage Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Shandong Meichen Ecology & Environment Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Shandong Meichen Ecology & Environment Co's Interest Coverage falls into.

Shandong Meichen Ecology & Environment 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.

Shandong Meichen Ecology & Environment 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, Shandong Meichen Ecology & Environment Co's Interest Expense was ¥-340 Mil. Its Operating Income was ¥-316 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥824 Mil.

Shandong Meichen Ecology & Environment Co did not have earnings to cover the interest expense.

Shandong Meichen Ecology & Environment Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Shandong Meichen Ecology & Environment Co's Interest Expense was ¥-68 Mil. Its Operating Income was ¥-64 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥829 Mil.

Shandong Meichen Ecology & Environment Co did not have earnings to cover the interest expense.

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

Shandong Meichen Ecology & Environment Co (SZSE:300237) 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 .

Shandong Meichen Ecology & Environment Co Interest Coverage Related Terms

Thank you for viewing the detailed overview of Shandong Meichen Ecology & Environment Co's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Shandong Meichen Ecology & Environment Co (SZSE:300237) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shandong Meichen Ecology & Environment Co Ltd (SZSE:300237) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

Northern part of East Outer Ring, Shandong Province, Zhucheng City, CHN, 262200

Website

http://www.meichen.cc

Shandong Meichen Ecology & Environment Co Ltd is engaged in the research, development, manufacturing, and distribution of rubber hose, damping rubber, engineering plastics products and related raw materials in China. It operates in the business areas of Sophisticated high molecular material and Ecological environment protection. The sophisticated high molecular material area offers suspension products, system integration modified engineering plastics products, elastic products damping noise reduction, and fluid pipe products. Ecological environment protection includes services like an ecological garden, soil repair, city minerals, water ecological management and air detection management.

Executives

Xu Hai Qin	Director
Zhang Lei	Director
Zheng Zhao Wei	Director
Li Rong Hua	Directors, executives
Guo Bai Feng	Director
Ma Jing Chun	Director
Li Rui Long	Executives
Xiao Pan Wen	Directors, executives
Sun Pei Zhu	Directors, executives
Li Wei Gang	Secretary Dong
Zhen Ran	Supervisors
Zhao Xiang Yang	Independent director
Li Xiao Nan	Director

Shandong Meichen Ecology & Environment Co (SZSE:300237) Headlines

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