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. Fortune Electric Co's
Operating Income
for the
three
months ended in Mar. 2025 was NT$967 Mil. Fortune Electric Co's Interest Expense for the
three
months ended in Mar. 2025 was NT$-7 Mil.
Fortune Electric Co's interest coverage for the quarter that ended in Mar. 2025 was 138.59.
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. Fortune Electric Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.
The historical rank and industry rank for Fortune Electric Co's Interest Coverage or its related term are showing as below:
TPE:1519'
s Interest Coverage Range Over the Past 10 Years
Min: 0.44 Med: 10.93 Max: 132.53
Current: 132.53
TPE:1519's Interest Coverage is ranked better than 81.9% of 2282
companies
in the Industrial Products industry
Industry Median: 15.66
vs TPE:1519: 132.53
Fortune Electric Co Interest Coverage Historical Data
The historical data trend for Fortune Electric 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.
Competitive Comparison of Fortune Electric Co's Interest Coverage
For the Electrical Equipment & Parts subindustry, Fortune Electric 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.
Fortune Electric Co's Interest Coverage Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Fortune Electric Co's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Fortune Electric Co's Interest Coverage falls into.
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:
* 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.
Fortune Electric Co (TPE:1519) 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 .
Fortune Electric Co Interest Coverage Related Terms
Thank you for viewing the detailed overview of Fortune Electric Co's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Fortune Electric Co Ltd principally manufactures, processes, and trades transformers, distribution panels, low voltage switches, and substation equipment. The group's reporting segments are the Electrical department and the Turnkey department (Construction department). The majority of its revenue is generated from the Electrical department, which manufactures, processes, and trades transformers, distributors, low-pressure switches, and substation equipment. The Turnkey department mainly engages in engineering contracts.
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