HD Korea Shipbuilding & Offshore Engineering (XKRX:009540) Interest Coverage : 21.64 (As of Mar. 2025)

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What is HD Korea Shipbuilding & Offshore Engineering 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. HD Korea Shipbuilding & Offshore Engineering's Operating Income for the three months ended in Mar. 2025 was ₩859,154 Mil. HD Korea Shipbuilding & Offshore Engineering's Interest Expense for the three months ended in Mar. 2025 was ₩-39,703 Mil. HD Korea Shipbuilding & Offshore Engineering's interest coverage for the quarter that ended in Mar. 2025 was 21.64. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for HD Korea Shipbuilding & Offshore Engineering's Interest Coverage or its related term are showing as below:

XKRX:009540' s Interest Coverage Range Over the Past 10 Years
Min: 0.16 Med: 1.61 Max: 11.47
Current: 11.47

XKRX:009540's Interest Coverage is ranked better than
61.29% of 217 companies
in the Aerospace & Defense industry
Industry Median: 8.06 vs XKRX:009540: 11.47

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

HD Korea Shipbuilding & Offshore Engineering Interest Coverage Historical Data

The historical data trend for HD Korea Shipbuilding & Offshore Engineering'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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HD Korea Shipbuilding & Offshore Engineering Interest Coverage Chart

HD Korea Shipbuilding & Offshore Engineering Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Coverage

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0.36

1.46

6.96

HD Korea Shipbuilding & Offshore Engineering 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															2.70	6.97	9.00	10.40	21.64

Competitive Comparison of HD Korea Shipbuilding & Offshore Engineering's Interest Coverage

For the Aerospace & Defense subindustry, HD Korea Shipbuilding & Offshore Engineering'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.

HD Korea Shipbuilding & Offshore Engineering's Interest Coverage Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, HD Korea Shipbuilding & Offshore Engineering's Interest Coverage distribution charts can be found below:

* The bar in red indicates where HD Korea Shipbuilding & Offshore Engineering's Interest Coverage falls into.

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HD Korea Shipbuilding & Offshore Engineering 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.

HD Korea Shipbuilding & Offshore Engineering'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, HD Korea Shipbuilding & Offshore Engineering's Interest Expense was ₩-206,322 Mil. Its Operating Income was ₩1,435,875 Mil. And its Long-Term Debt & Capital Lease Obligation was ₩1,306,567 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2024 )	/	Interest Expense (A: Dec. 2024 )
	=	-1	*	1435875.492	/	-206322
	=	6.96

HD Korea Shipbuilding & Offshore Engineering's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the three months ended in Mar. 2025, HD Korea Shipbuilding & Offshore Engineering's Interest Expense was ₩-39,703 Mil. Its Operating Income was ₩859,154 Mil. And its Long-Term Debt & Capital Lease Obligation was ₩1,616,705 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2025 )	/	Interest Expense (Q: Mar. 2025 )
	=	-1	*	859154.446	/	-39703
	=	21.64

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

HD Korea Shipbuilding & Offshore Engineering (XKRX:009540) 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 .

HD Korea Shipbuilding & Offshore Engineering Interest Coverage Related Terms

Thank you for viewing the detailed overview of HD Korea Shipbuilding & Offshore Engineering's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

HD Korea Shipbuilding & Offshore Engineering Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » HD Korea Shipbuilding & Offshore Engineering (XKRX:009540) » Definitions » Interest Coverage

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Traded in Other Exchanges

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Address

75, Yulgok-ro, Jongno-gu, Seoul, KOR, 03058

Website

http://www.ksoe.co.kr

HD Korea Shipbuilding & Offshore Engineering is one of the largest shipbuilding companies in the world. It has the capability to build various types of ships, including submarines, naval ships, and auxiliary service vessels. The company is an industrial conglomerate, and operates several business divisions including Shipbuilding, Offshore & Industrial Plant Engineering, Special & Naval Shipbuilding, Marine Engine & Machinery and Industrial Machinery & Energy.

HD Korea Shipbuilding & Offshore Engineering Headlines

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