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Jeil Technos Co (XKRX:038010) Interest Coverage : 12.02 (As of Mar. 2024)


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What is Jeil Technos 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. Jeil Technos Co's Operating Income for the three months ended in Mar. 2024 was ₩8,439 Mil. Jeil Technos Co's Interest Expense for the three months ended in Mar. 2024 was ₩-702 Mil. Jeil Technos Co's interest coverage for the quarter that ended in Mar. 2024 was 12.02. The higher the ratio, the stronger the company's financial strength is.

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

XKRX:038010' s Interest Coverage Range Over the Past 10 Years
Min: 0.74   Med: 3.66   Max: 16.58
Current: 16.58


XKRX:038010's Interest Coverage is ranked better than
71.4% of 465 companies
in the Steel industry
Industry Median: 5.62 vs XKRX:038010: 16.58

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


Jeil Technos Co Interest Coverage Historical Data

The historical data trend for Jeil Technos 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.

* Premium members only.

Jeil Technos Co Interest Coverage Chart

Jeil Technos 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 3.54 - 0.74 9.09 16.52

Jeil Technos Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 9.61 16.34 11.96 N/A 12.02

Competitive Comparison of Jeil Technos Co's Interest Coverage

For the Steel subindustry, Jeil Technos 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.


Jeil Technos Co's Interest Coverage Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Jeil Technos Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Jeil Technos Co's Interest Coverage falls into.



Jeil Technos 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.

Jeil Technos 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, Jeil Technos Co's Interest Expense was ₩-2,193 Mil. Its Operating Income was ₩36,226 Mil. And its Long-Term Debt & Capital Lease Obligation was ₩1,186 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*36225.507/-2193.462
=16.52

Jeil Technos Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Jeil Technos Co's Interest Expense was ₩-702 Mil. Its Operating Income was ₩8,439 Mil. And its Long-Term Debt & Capital Lease Obligation was ₩1,186 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*8438.522/-702.022
=12.02

* 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.


Jeil Technos Co  (XKRX:038010) 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 .


Jeil Technos Co Interest Coverage Related Terms

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


Jeil Technos Co (XKRX:038010) Business Description

Traded in Other Exchanges
N/A
Address
1850 Jangheung-dong, Nam-gu, Pohang-si, Gyeongbuk, KOR, 790-240
Jeil Technos Co Ltd is a South Korea based company engaged in manufacturing and selling steel products for structure works, shipbuilding works, and wind plant works. The company offers NT decks, multi-decks, cap-decks, and hi-decks and provides T-bars.

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