Evergreen International Storage & Transport (TPE:2607) Interest Coverage : 29.81 (As of Sep. 2024)

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What is Evergreen International Storage & Transport 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. Evergreen International Storage & Transport's Operating Income for the three months ended in Sep. 2024 was NT$816 Mil. Evergreen International Storage & Transport's Interest Expense for the three months ended in Sep. 2024 was NT$-27 Mil. Evergreen International Storage & Transport's interest coverage for the quarter that ended in Sep. 2024 was 29.81. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Evergreen International Storage & Transport's Interest Coverage or its related term are showing as below:

TPE:2607' s Interest Coverage Range Over the Past 10 Years
Min: 3.64 Med: 7.09 Max: 28.98
Current: 28.98

TPE:2607's Interest Coverage is ranked better than
82.07% of 820 companies
in the Transportation industry
Industry Median: 5.92 vs TPE:2607: 28.98

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

Evergreen International Storage & Transport Interest Coverage Historical Data

The historical data trend for Evergreen International Storage & Transport'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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Evergreen International Storage & Transport Interest Coverage Chart

Evergreen International Storage & Transport Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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3.64

5.19

10.74

25.29

23.87

Evergreen International Storage & Transport 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															31.37	31.51	26.93	27.31	29.81

Competitive Comparison of Evergreen International Storage & Transport's Interest Coverage

For the Marine Shipping subindustry, Evergreen International Storage & Transport'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.

Evergreen International Storage & Transport's Interest Coverage Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Evergreen International Storage & Transport's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Evergreen International Storage & Transport's Interest Coverage falls into.

Evergreen International Storage & Transport 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.

Evergreen International Storage & Transport'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, Evergreen International Storage & Transport's Interest Expense was NT$-109 Mil. Its Operating Income was NT$2,607 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$4,278 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	2607.461	/	-109.237
	=	23.87

Evergreen International Storage & Transport's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the three months ended in Sep. 2024, Evergreen International Storage & Transport's Interest Expense was NT$-27 Mil. Its Operating Income was NT$816 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$4,382 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	815.583	/	-27.357
	=	29.81

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

Evergreen International Storage & Transport (TPE:2607) 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 .

Evergreen International Storage & Transport Interest Coverage Related Terms

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Evergreen International Storage & Transport Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Evergreen International Storage & Transport Corp (TPE:2607) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

899, Ching Kuo Road, Taoyuan District, Taoyuan, TWN

Website

https://www.evergreen-eitc.com.tw

Evergreen International Storage & Transport Corp is a transportation and logistics company domiciled in Taiwan. The company has six segments: inland transportation, international marine transportation, container terminals, Freight forwarder, gasoline stations, and others. Inland transportation segment derives key revenue, transports cargo inland and provides passenger transportation services. International marine transportation, transports cargo internationally and provides ship chartering. The container terminals segment leases and operate container ports. The gasoline station segment operates refueling stations. Freight forwarder involves the business of marine and air freight forwarding and other related business. The company generates the majority of its revenue in Taiwan.

Evergreen International Storage & Transport Headlines

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