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Shin Zu Shing Co (TPE:3376) Interest Coverage : 39.14 (As of Mar. 2025)


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What is Shin Zu Shing 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. Shin Zu Shing Co's Operating Income for the three months ended in Mar. 2025 was NT$159 Mil. Shin Zu Shing Co's Interest Expense for the three months ended in Mar. 2025 was NT$-4 Mil. Shin Zu Shing Co's interest coverage for the quarter that ended in Mar. 2025 was 39.14. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Shin Zu Shing Co's Interest Coverage or its related term are showing as below:

TPE:3376' s Interest Coverage Range Over the Past 10 Years
Min: 38.33   Med: 146.36   Max: 403.35
Current: 46.67


TPE:3376's Interest Coverage is ranked better than
69.24% of 2282 companies
in the Industrial Products industry
Industry Median: 15.66 vs TPE:3376: 46.67

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


Shin Zu Shing Co Interest Coverage Historical Data

The historical data trend for Shin Zu Shing 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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Shin Zu Shing Co Interest Coverage Chart

Shin Zu Shing Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 273.12 255.95 140.77 38.33 43.10

Shin Zu Shing Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 30.78 44.50 52.07 47.37 39.14

Competitive Comparison of Shin Zu Shing Co's Interest Coverage

For the Metal Fabrication subindustry, Shin Zu Shing 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.


Shin Zu Shing Co's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shin Zu Shing Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Shin Zu Shing Co's Interest Coverage falls into.


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Shin Zu Shing 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.

Shin Zu Shing 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, Shin Zu Shing Co's Interest Expense was NT$-29 Mil. Its Operating Income was NT$1,252 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$752 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2024 )/Interest Expense (A: Dec. 2024 )
=-1*1252.094/-29.05
=43.10

Shin Zu Shing Co's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the three months ended in Mar. 2025, Shin Zu Shing Co's Interest Expense was NT$-4 Mil. Its Operating Income was NT$159 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$745 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2025 )/Interest Expense (Q: Mar. 2025 )
=-1*159.193/-4.067
=39.14

* 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.

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


Shin Zu Shing Co  (TPE:3376) 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 .


Shin Zu Shing Co Interest Coverage Related Terms

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Shin Zu Shing Co Business Description

Traded in Other Exchanges
N/A
Address
No. 174, Junying Street, Shulin District, New Taipei City, TWN, 238
Shin Zu Shing Co Ltd is engaged in research and development, design, production, assembly, testing, manufacturing, and sales of various precision springs, stamping parts, hinge components, and metal injection molding (MIM). It is committed to developing various hinge components to be used in various notebook computers, LCD monitors, digital cameras, and other electronic product parts etc. The group's reportable operating segments are Hinge products, which derive key revenue, Milling products, and MIM products. Geographically, it generates maximum revenue from Asia (excluding Taiwan), followed by Taiwan, America, and Europe.

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