GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Jiangsu Jiejie Microelectronics Co Ltd (SZSE:300623) » Definitions » Interest Coverage

Jiangsu Jiejie Microelectronics Co (SZSE:300623) Interest Coverage : 21.37 (As of Sep. 2024)


View and export this data going back to 2017. Start your Free Trial

What is Jiangsu Jiejie Microelectronics 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 Jiejie Microelectronics Co's Operating Income for the three months ended in Sep. 2024 was ¥170 Mil. Jiangsu Jiejie Microelectronics Co's Interest Expense for the three months ended in Sep. 2024 was ¥-8 Mil. Jiangsu Jiejie Microelectronics Co's interest coverage for the quarter that ended in Sep. 2024 was 21.37. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Jiangsu Jiejie Microelectronics Co's Interest Coverage or its related term are showing as below:

SZSE:300623' s Interest Coverage Range Over the Past 10 Years
Min: 8.31   Med: 639.35   Max: 3884.73
Current: 17.44


SZSE:300623's Interest Coverage is ranked worse than
51.63% of 614 companies
in the Semiconductors industry
Industry Median: 18.845 vs SZSE:300623: 17.44

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 Jiejie Microelectronics Co Interest Coverage Historical Data

The historical data trend for Jiangsu Jiejie Microelectronics 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 Jiejie Microelectronics Co Interest Coverage Chart

Jiangsu Jiejie Microelectronics 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 193.13 788.32 490.38 24.88 8.31

Jiangsu Jiejie Microelectronics 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 5.35 9.86 11.30 38.22 21.37

Competitive Comparison of Jiangsu Jiejie Microelectronics Co's Interest Coverage

For the Semiconductor Equipment & Materials subindustry, Jiangsu Jiejie Microelectronics 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 Jiejie Microelectronics Co's Interest Coverage Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Jiangsu Jiejie Microelectronics Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Jiangsu Jiejie Microelectronics Co's Interest Coverage falls into.



Jiangsu Jiejie Microelectronics 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 Jiejie Microelectronics 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, Jiangsu Jiejie Microelectronics Co's Interest Expense was ¥-31 Mil. Its Operating Income was ¥261 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥1,776 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*261.468/-31.455
=8.31

Jiangsu Jiejie Microelectronics Co's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the three months ended in Sep. 2024, Jiangsu Jiejie Microelectronics Co's Interest Expense was ¥-8 Mil. Its Operating Income was ¥170 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥1,581 Mil.

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*169.932/-7.951
=21.37

* 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 Jiejie Microelectronics Co  (SZSE:300623) 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 Jiejie Microelectronics Co Interest Coverage Related Terms

Thank you for viewing the detailed overview of Jiangsu Jiejie Microelectronics Co's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Jiangsu Jiejie Microelectronics Co Business Description

Traded in Other Exchanges
N/A
Address
No.8, Xinglong Road, Science and Technology Pioneer Park, Jiangsu Province, Qidong, CHN, 226200
Jiangsu Jiejie Microelectronics Co Ltd manufactures semiconductor discrete devices and power electronic components in China. Some of its key products include bidirectional thyristor, unidirectional thyristor, low junction capacitor discharge tube, TVS and other protection devices, high voltage rectification Diodes and power-type switching transistors. The entity sells its products in China, and also exports it to various other countries.
Executives
Huang Shan Bing Director
Zhang Zu Lei Director
Shen Xin Xin Directors, executives
Sun Jia Xun Executives
Wang Cheng Sen Directors, executives
Zhang Chao Executives
Li Zhong Lin Director
Xue Zhi Xiang Supervisors
Yan Cheng Xiang Executives
Qian Qing You Supervisors

Jiangsu Jiejie Microelectronics Co Headlines

No Headlines