Shining Building Business Co (TPE:5531) Interest Coverage : 0 (At Loss) (As of Mar. 2025)

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What is Shining Building Business 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. Shining Building Business Co's Operating Income for the three months ended in Mar. 2025 was NT$-245 Mil. Shining Building Business Co's Interest Expense for the three months ended in Mar. 2025 was NT$-197 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Shining Building Business Co Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

The historical rank and industry rank for Shining Building Business Co's Interest Coverage or its related term are showing as below:

TPE:5531' s Interest Coverage Range Over the Past 10 Years
Min: 0.07 Med: 1.31 Max: 3.27
Current: 0.09

TPE:5531's Interest Coverage is ranked worse than
99.47% of 1326 companies
in the Construction industry
Industry Median: 7.22 vs TPE:5531: 0.09

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

Shining Building Business Co Interest Coverage Historical Data

The historical data trend for Shining Building Business 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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Shining Building Business Co Interest Coverage Chart

Shining Building Business Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Coverage

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0.66

0.07

Shining Building Business 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															-	-	0.66	1.88	-

Competitive Comparison of Shining Building Business Co's Interest Coverage

For the Engineering & Construction subindustry, Shining Building Business 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.

Shining Building Business Co's Interest Coverage Distribution in the Construction Industry

For the Construction industry and Industrials sector, Shining Building Business Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Shining Building Business Co's Interest Coverage falls into.

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Shining Building Business 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.

Shining Building Business 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, Shining Building Business Co's Interest Expense was NT$-943 Mil. Its Operating Income was NT$67 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$10,218 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2024 )	/	Interest Expense (A: Dec. 2024 )
	=	-1	*	67.118	/	-942.973
	=	0.07

Shining Building Business Co's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the three months ended in Mar. 2025, Shining Building Business Co's Interest Expense was NT$-197 Mil. Its Operating Income was NT$-245 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$10,524 Mil.

Shining Building Business Co did not have earnings to cover the interest expense.

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

Shining Building Business Co (TPE:5531) 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 .

Shining Building Business Co Interest Coverage Related Terms

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

Shining Building Business Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shining Building Business Co Ltd (TPE:5531) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 408, Sec. 2,Taiwan Boulevard, West District, Taichung City, TWN

Website

http://www.shininggroup.com

Shining Building Business Co Ltd is engaged in the business of entrusting construction firms to build commercial buildings, and rent, and sell public housing. The company operates through three business segments. The building unit is engaged in the business of building commercial buildings and renting and selling public housing. The construction Unit is engaged in construction and civil engineering, and the Other Unit includes the construction of hotels, real estate development, and general investment businesses. Its geographic areas are Taiwan and Mainland China.

Shining Building Business Co Headlines

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