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Cheil Industries (XKRX:001300) Interest Coverage : 0 (At Loss) (As of Mar. 2016)


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What is Cheil Industries 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. Cheil Industries's Operating Income for the three months ended in Mar. 2016 was ₩-406,055 Mil. Cheil Industries's Interest Expense for the three months ended in Mar. 2016 was ₩-43,361 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Cheil Industries's Interest Coverage or its related term are showing as below:


XKRX:001300's Interest Coverage is not ranked *
in the Chemicals industry.
Industry Median: 9.55
* Ranked among companies with meaningful Interest Coverage only.

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

Cheil Industries Interest Coverage Historical Data

The historical data trend for Cheil Industries'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.

* Premium members only.

Cheil Industries Interest Coverage Chart

Cheil Industries Annual Data
Trend Dec13 Dec14 Dec15
Interest Coverage
2.44 1.46 -

Cheil Industries Quarterly Data
Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16
Interest Coverage Get a 7-Day Free Trial Premium Member Only - 0.38 0.67 - -

Competitive Comparison of Cheil Industries's Interest Coverage

For the Chemicals subindustry, Cheil Industries'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.

Cheil Industries's Interest Coverage Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Cheil Industries's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Cheil Industries's Interest Coverage falls into.


Cheil Industries 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.

Cheil Industries's Interest Coverage for the fiscal year that ended in Dec. 2015 is calculated as

Here, for the fiscal year that ended in Dec. 2015, Cheil Industries's Interest Expense was ₩-88,302 Mil. Its Operating Income was ₩-209,030 Mil. And its Long-Term Debt & Capital Lease Obligation was ₩2,943,843 Mil.

Cheil Industries did not have earnings to cover the interest expense.

Cheil Industries's Interest Coverage for the quarter that ended in Mar. 2016 is calculated as

Here, for the three months ended in Mar. 2016, Cheil Industries's Interest Expense was ₩-43,361 Mil. Its Operating Income was ₩-406,055 Mil. And its Long-Term Debt & Capital Lease Obligation was ₩2,605,099 Mil.

Cheil Industries did not have earnings to cover the interest expense.

* 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.

Cheil Industries  (XKRX:001300) 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 .

Cheil Industries Interest Coverage Related Terms

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

Cheil Industries (XKRX:001300) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Cheil Industries Inc (XKRX:001300) » Definitions » Interest Coverage
Comparable Companies
SHSE:600160 SAU:2002 XBRU:SOLV SZSE:300699 SAU:2330 SAU:2060 TSX:MX HKSE:00148 WBO:LNZ SAU:2250 XKRX:009830 TSE:4114 SZSE:000408 MIC:KZOS TSE:4185 SHSE:603077 TSE:4061 SZSE:002080 ALPEKA SHSE:603379
Traded in Other Exchanges
N/A
Address
Website
http://www.samsungcnt.com
Samsung C&T Corp was founded in 1938. The Company was formed from the merger of Samsung C&T Corporation ('Samsung C&T') and Cheil Industries Inc. The Company operates four business including engineering & construction, trading & investment, fashion and resort & construction. In the engineering & construction business it provides services including planning, design, purchasing, construction and management of buildings, civil infrastructure, power plants and housing & developments. The Company's trading & investment business includes trading of industrial commodities such as chemicals, steel and natural resources, and organizing projects such as power plant, renewable energy and infrastructure development. The Company also trades chemicals and industrial materials including fertilizer, mining chemicals, methanol and electronic materials, steel products including hot rolled steel, plate and automotive steel, and natural resources including coal and copper. It also operates palm plantation. The Company's fashion business is engaged in manufacturing and designing fashion products and offers brands including 8 Seconds, 10 Corso Como Seoul, Aann Demeulemeester, Beanpole Men, Beanpole Ladies, Beanpole Kids, Beanpole Golf, Beanpole Accessory, Beanpole Outdoor, Balmain, Beaker, Colombo, Comme Des Garcons, Galaxy, Giuseppe Zanotti, Kuho, Lansmere, Lebeige and Valextra. The Company's resort business is engaged in operating Everland & Caribbean Bay resorts and Golf Clubs; and also engaged in construction, plant, and landscaping businesses.

Cheil Industries (XKRX:001300) Headlines

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