Shenzhen Jdd Tech New Material Co (SZSE:301538) Interest Coverage : 755.87 (As of Mar. 2025)

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What is Shenzhen Jdd Tech New Material 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. Shenzhen Jdd Tech New Material Co's Operating Income for the three months ended in Mar. 2025 was ¥53.7 Mil. Shenzhen Jdd Tech New Material Co's Interest Expense for the three months ended in Mar. 2025 was ¥-0.1 Mil. Shenzhen Jdd Tech New Material Co's interest coverage for the quarter that ended in Mar. 2025 was 755.87. 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 Jdd Tech New Material Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Shenzhen Jdd Tech New Material Co's Interest Coverage or its related term are showing as below:

SZSE:301538' s Interest Coverage Range Over the Past 10 Years
Min: 119.72 Med: 490.35 Max: 16474.25
Current: 682.2

SZSE:301538's Interest Coverage is ranked better than
93.69% of 1188 companies
in the Chemicals industry
Industry Median: 9.72 vs SZSE:301538: 682.20

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 Jdd Tech New Material Co Interest Coverage Historical Data

The historical data trend for Shenzhen Jdd Tech New Material 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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Shenzhen Jdd Tech New Material Co Interest Coverage Chart

Shenzhen Jdd Tech New Material Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Coverage

Get a 7-Day Free Trial

349.53

119.72

1,958.39

403.45

512.75

Shenzhen Jdd Tech New Material Co Quarterly Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec19	Dec20	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Interest Coverage	Get a 7-Day Free Trial															309.06	379.41	N/A	550.48	755.87

Competitive Comparison of Shenzhen Jdd Tech New Material Co's Interest Coverage

For the Specialty Chemicals subindustry, Shenzhen Jdd Tech New Material 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.

Shenzhen Jdd Tech New Material Co's Interest Coverage Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shenzhen Jdd Tech New Material Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Shenzhen Jdd Tech New Material Co's Interest Coverage falls into.

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Shenzhen Jdd Tech New Material 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.

Shenzhen Jdd Tech New Material Co's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, Shenzhen Jdd Tech New Material Co's Interest Expense was ¥-0.4 Mil. Its Operating Income was ¥210.2 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥35.8 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2024 )	/	Interest Expense (A: Dec. 2024 )
	=	-1	*	210.228	/	-0.41
	=	512.75

Shenzhen Jdd Tech New Material Co's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the three months ended in Mar. 2025, Shenzhen Jdd Tech New Material Co's Interest Expense was ¥-0.1 Mil. Its Operating Income was ¥53.7 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥33.2 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2025 )	/	Interest Expense (Q: Mar. 2025 )
	=	-1	*	53.667	/	-0.071
	=	755.87

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

Shenzhen Jdd Tech New Material Co (SZSE:301538) 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 Jdd Tech New Material Co Interest Coverage Related Terms

Thank you for viewing the detailed overview of Shenzhen Jdd Tech New Material Co's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Shenzhen Jdd Tech New Material Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shenzhen Jdd Tech New Material Co Ltd (SZSE:301538) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shajing Street, 2 industrial plants in Area E, Democratic West Industrial Park, Baoan District, Guangdong Province, Shenzhen, CHN, 518104

Website

http://www.jddtech.com.cn

Shenzhen Jdd Tech New Material Co Ltd is focus on the design, research and development, production and sales of polymer modified protective materials. Its main products include functional protective sleeves and functional monofilaments. etc., widely used in diverse fields such as automobiles, engineering machinery, rail transit, and communication electronics. Its main products rely on their good temperature resistance, UV resistance, flame retardancy, chemical corrosion resistance and other properties to provide wear resistance, heat insulation, anti-impact, shielding and resistance to wire harness systems and fluid pipelines in various fields. Blasting, fire prevention, noise reduction and other safety protection functions.

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