Guangzhou Doppler Electronic Technologies Co (SZSE:301528) Interest Coverage : 0 (At Loss) (As of Mar. 2024)

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What is Guangzhou Doppler Electronic Technologies 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. Guangzhou Doppler Electronic Technologies Co's Operating Income for the three months ended in Mar. 2024 was ¥-5.5 Mil. Guangzhou Doppler Electronic Technologies Co's Interest Expense for the three months ended in Mar. 2024 was ¥-0.1 Mil. did not have earnings to cover the interest expense. 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. Guangzhou Doppler Electronic Technologies Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Guangzhou Doppler Electronic Technologies Co's Interest Coverage or its related term are showing as below:

SZSE:301528' s Interest Coverage Range Over the Past 10 Years
Min: 178.89 Med: 320.57 Max: 481.27
Current: 262.84

SZSE:301528's Interest Coverage is ranked better than
88.43% of 2291 companies
in the Industrial Products industry
Industry Median: 13.78 vs SZSE:301528: 262.84

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

Guangzhou Doppler Electronic Technologies Co Interest Coverage Historical Data

The historical data trend for Guangzhou Doppler Electronic Technologies 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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Guangzhou Doppler Electronic Technologies Co Interest Coverage Chart

Guangzhou Doppler Electronic Technologies Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

481.27

454.05

178.89

280.83

267.46

Guangzhou Doppler Electronic Technologies Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial									-	452.62	212.91	438.87	-

Competitive Comparison of Guangzhou Doppler Electronic Technologies Co's Interest Coverage

For the Specialty Industrial Machinery subindustry, Guangzhou Doppler Electronic Technologies 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.

Guangzhou Doppler Electronic Technologies Co's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Guangzhou Doppler Electronic Technologies Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Guangzhou Doppler Electronic Technologies Co's Interest Coverage falls into.

Guangzhou Doppler Electronic Technologies 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.

Guangzhou Doppler Electronic Technologies 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, Guangzhou Doppler Electronic Technologies Co's Interest Expense was ¥-0.3 Mil. Its Operating Income was ¥84.3 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥3.1 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	84.25	/	-0.315
	=	267.46

Guangzhou Doppler Electronic Technologies Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Guangzhou Doppler Electronic Technologies Co's Interest Expense was ¥-0.1 Mil. Its Operating Income was ¥-5.5 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥2.5 Mil.

Guangzhou Doppler Electronic Technologies Co did not have earnings to cover the interest expense.

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

Guangzhou Doppler Electronic Technologies Co (SZSE:301528) 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 .

Guangzhou Doppler Electronic Technologies Co Interest Coverage Related Terms

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

Guangzhou Doppler Electronic Technologies Co (SZSE:301528) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guangzhou Doppler Electronic Technologies Co Ltd (SZSE:301528) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kaihuang Avenue, Guangzhou Economic and Technological Development Zone, 1st Floor, Building 2, No. 1501, Guangdong, Guangzhou, CHN, 510000

Website

https://www.cndoppler.com

Guangzhou Doppler Electronic Technologies Co Ltd is a high-tech enterprise focusing on the R&D and manufacturing of ultrasonic equipment and ultrasonic transducers (probes), and is committed to building a world-class non-destructive testing brand. The company's main products include industrial ultrasonic phased array testing equipment, automatic testing equipment, ultrasonic transducers, customized testing and analysis software and other testing supporting parts, etc.

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