Sunny Friend Environmental Technology Co (TPE:8341) Interest Coverage : 17.38 (As of Sep. 2024)

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What is Sunny Friend Environmental Technology 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. Sunny Friend Environmental Technology Co's Operating Income for the three months ended in Sep. 2024 was NT$225 Mil. Sunny Friend Environmental Technology Co's Interest Expense for the three months ended in Sep. 2024 was NT$-13 Mil. Sunny Friend Environmental Technology Co's interest coverage for the quarter that ended in Sep. 2024 was 17.38. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Sunny Friend Environmental Technology Co's Interest Coverage or its related term are showing as below:

TPE:8341' s Interest Coverage Range Over the Past 10 Years
Min: 8.42 Med: 50.54 Max: 381.2
Current: 13.09

TPE:8341's Interest Coverage is ranked better than
67.25% of 171 companies
in the Waste Management industry
Industry Median: 5.06 vs TPE:8341: 13.09

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

Sunny Friend Environmental Technology Co Interest Coverage Historical Data

The historical data trend for Sunny Friend Environmental Technology 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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Sunny Friend Environmental Technology Co Interest Coverage Chart

Sunny Friend Environmental Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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61.44

39.63

23.80

15.38

8.42

Sunny Friend Environmental Technology Co 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															13.61	12.03	6.44	16.17	17.38

Competitive Comparison of Sunny Friend Environmental Technology Co's Interest Coverage

For the Waste Management subindustry, Sunny Friend Environmental Technology 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.

Sunny Friend Environmental Technology Co's Interest Coverage Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Sunny Friend Environmental Technology Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Sunny Friend Environmental Technology Co's Interest Coverage falls into.

Sunny Friend Environmental Technology 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.

Sunny Friend Environmental Technology Co'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, Sunny Friend Environmental Technology Co's Interest Expense was NT$-73 Mil. Its Operating Income was NT$616 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$3,516 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	615.993	/	-73.171
	=	8.42

Sunny Friend Environmental Technology Co's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the three months ended in Sep. 2024, Sunny Friend Environmental Technology Co's Interest Expense was NT$-13 Mil. Its Operating Income was NT$225 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$3,019 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	225.192	/	-12.959
	=	17.38

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

Sunny Friend Environmental Technology Co (TPE:8341) 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 .

Sunny Friend Environmental Technology Co Interest Coverage Related Terms

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Sunny Friend Environmental Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Sunny Friend Environmental Technology Co (TPE:8341) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1-20, Yuan Dong Road, Yuanchang Township, Yunlin County, TWN, 655

Website

https://www.sunnyfriend.com.tw

Sunny Friend Environmental Technology Co operates medical waste treatment plants. It uses technology to handle various types of hazardous waste and collects, incinerates, solidifies, and develops solutions to streamline disposal. Various subsidiaries are in Asia to provide services to medical institutions, dispose of batteries, and offer waste treatment and engineering consultations. The company works to recover materials from waste, recycle resources, and conduct environmental tests to discover innovative solutions. Removal vehicles improve communication with customers and are fully equipped to monitor and transmit all cleaning and incineration records back to Sunny Friend's data centers. It generates the majority of its revenue from waste disposal.

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