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Century Iron And Steel Industrial Co (TPE:9958) Interest Coverage : 10.02 (As of Jun. 2024)


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What is Century Iron And Steel Industrial 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. Century Iron And Steel Industrial Co's Operating Income for the three months ended in Jun. 2024 was NT$869 Mil. Century Iron And Steel Industrial Co's Interest Expense for the three months ended in Jun. 2024 was NT$-87 Mil. Century Iron And Steel Industrial Co's interest coverage for the quarter that ended in Jun. 2024 was 10.02. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Century Iron And Steel Industrial Co's Interest Coverage or its related term are showing as below:

TPE:9958' s Interest Coverage Range Over the Past 10 Years
Min: 0.35   Med: 2.3   Max: 17.37
Current: 9.81


TPE:9958's Interest Coverage is ranked worse than
57.34% of 2274 companies
in the Industrial Products industry
Industry Median: 13.985 vs TPE:9958: 9.81

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


Century Iron And Steel Industrial Co Interest Coverage Historical Data

The historical data trend for Century Iron And Steel Industrial 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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Century Iron And Steel Industrial Co Interest Coverage Chart

Century Iron And Steel Industrial Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.45 12.94 17.37 0.35 5.29

Century Iron And Steel Industrial Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 2.89 5.64 11.31 12.96 10.02

Competitive Comparison of Century Iron And Steel Industrial Co's Interest Coverage

For the Metal Fabrication subindustry, Century Iron And Steel Industrial 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.


Century Iron And Steel Industrial Co's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Century Iron And Steel Industrial Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Century Iron And Steel Industrial Co's Interest Coverage falls into.



Century Iron And Steel Industrial 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.

Century Iron And Steel Industrial 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, Century Iron And Steel Industrial Co's Interest Expense was NT$-377 Mil. Its Operating Income was NT$1,996 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$13,086 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*1996.149/-377.048
=5.29

Century Iron And Steel Industrial Co's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Here, for the three months ended in Jun. 2024, Century Iron And Steel Industrial Co's Interest Expense was NT$-87 Mil. Its Operating Income was NT$869 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$11,791 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*869.131/-86.772
=10.02

* 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.


Century Iron And Steel Industrial Co  (TPE:9958) 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 .


Century Iron And Steel Industrial Co Interest Coverage Related Terms

Thank you for viewing the detailed overview of Century Iron And Steel Industrial Co's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Century Iron And Steel Industrial Co Business Description

Traded in Other Exchanges
N/A
Address
No.1119, Section1, Zhongshan Road, Guanyin District, Taoyuan, TWN, 328
Century Iron And Steel Industrial Co Ltd operates in the Steel industry. The company is engaged in the processing, manufacturing, and trading of steel frame & iron bone and its related installation services. It also manufactures steel structures for buildings and bridges. The majority of its revenue comes from Construction materials.

Century Iron And Steel Industrial Co Headlines

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