Shenzhen S.C New Energy Technology (SZSE:300724) Interest Coverage : 284.01 (As of Mar. 2024)

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What is Shenzhen S.C New Energy Technology 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. Shenzhen S.C New Energy Technology's Operating Income for the three months ended in Mar. 2024 was ¥660 Mil. Shenzhen S.C New Energy Technology's Interest Expense for the three months ended in Mar. 2024 was ¥-2 Mil. Shenzhen S.C New Energy Technology's interest coverage for the quarter that ended in Mar. 2024 was 284.01. 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. Shenzhen S.C New Energy Technology Corp has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Shenzhen S.C New Energy Technology's Interest Coverage or its related term are showing as below:

SZSE:300724' s Interest Coverage Range Over the Past 10 Years
Min: 8.8 Med: 102.01 Max: 332.16
Current: 225.5

SZSE:300724's Interest Coverage is ranked better than
87.46% of 2297 companies
in the Industrial Products industry
Industry Median: 13.68 vs SZSE:300724: 225.50

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

Shenzhen S.C New Energy Technology Interest Coverage Historical Data

The historical data trend for Shenzhen S.C New Energy Technology'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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Shenzhen S.C New Energy Technology Interest Coverage Chart

Shenzhen S.C New Energy Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

166.78

31.57

52.01

152.01

190.30

Shenzhen S.C New Energy Technology 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															135.90	171.64	213.05	241.61	284.01

Competitive Comparison of Shenzhen S.C New Energy Technology's Interest Coverage

For the Specialty Industrial Machinery subindustry, Shenzhen S.C New Energy Technology'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.

Shenzhen S.C New Energy Technology's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shenzhen S.C New Energy Technology's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Shenzhen S.C New Energy Technology's Interest Coverage falls into.

Shenzhen S.C New Energy Technology 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.

Shenzhen S.C New Energy Technology'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, Shenzhen S.C New Energy Technology's Interest Expense was ¥-11 Mil. Its Operating Income was ¥2,014 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥270 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	2013.987	/	-10.583
	=	190.30

Shenzhen S.C New Energy Technology's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Shenzhen S.C New Energy Technology's Interest Expense was ¥-2 Mil. Its Operating Income was ¥660 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥89 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	660.317	/	-2.325
	=	284.01

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

Shenzhen S.C New Energy Technology (SZSE:300724) 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 .

Shenzhen S.C New Energy Technology Interest Coverage Related Terms

Thank you for viewing the detailed overview of Shenzhen S.C New Energy Technology's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Shenzhen S.C New Energy Technology (SZSE:300724) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen S.C New Energy Technology Corp (SZSE:300724) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 89 Hengping Road, Henggang Street, Buildding D, E (Yongxin Industrial Park) Digital Silicon Valley, Longgang District, Guangdong Province, Shenzhen, CHN, 518115

Website

http://www.chinasc.com.cn

Shenzhen S.C New Energy Technology Corp is a Chinese photo-voltaic and green energy equipment manufacturer. The company offerings are categorized into five categories from mono/multi-Crystalline texturing equipment, diffusion furnace, PSG removal and edge isolation equipment, PECVD to intelligent automation equipment. Its products include Automatic Mono-Crystalline Texturing Equipment, DOA Equipment, Integrated Mono-crystalline/ MCCE Texturing Equipment, Automatic Ultrasonic Wafer Cleaning Equipment, Drying oven, LED devices, and also offers Crystalline Solar Cell Production Line Turnkey Solution.

Executives

Liang Mei Zhen	Director
Li Shi Jun	Directors, executives
Zuo Guo Jun	Directors, executives
Wu Bo	Directors, executives
Zhang Yong	Supervisors

Shenzhen S.C New Energy Technology (SZSE:300724) Headlines

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