Soosan Industries Co (XKRX:126720) Interest Coverage : 15.68 (As of Dec. 2024)

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What is Soosan Industries 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. Soosan Industries Co's Operating Income for the three months ended in Dec. 2024 was ₩10,635 Mil. Soosan Industries Co's Interest Expense for the three months ended in Dec. 2024 was ₩-678 Mil. Soosan Industries Co's interest coverage for the quarter that ended in Dec. 2024 was 15.68. The higher the ratio, the stronger the company's financial strength is.

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

XKRX:126720' s Interest Coverage Range Over the Past 10 Years
Min: 8.76 Med: 26.72 Max: 7397.01
Current: 14.28

XKRX:126720's Interest Coverage is ranked worse than
51.82% of 2285 companies
in the Industrial Products industry
Industry Median: 15.91 vs XKRX:126720: 14.28

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

Soosan Industries Co Interest Coverage Historical Data

The historical data trend for Soosan Industries 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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Soosan Industries Co Interest Coverage Chart

Soosan Industries Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Coverage

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8.76

86.24

27.00

15.86

14.28

Soosan Industries Co Quarterly Data
	Dec16	Dec17	Dec18	Dec19	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Coverage	Get a 7-Day Free Trial															15.38	12.59	20.40	4.77	15.68

Competitive Comparison of Soosan Industries Co's Interest Coverage

For the Specialty Industrial Machinery subindustry, Soosan Industries 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.

Soosan Industries Co's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Soosan Industries Co's Interest Coverage distribution charts can be found below:

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

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Soosan Industries 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.

Soosan Industries Co'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, Soosan Industries Co's Interest Expense was ₩-3,046 Mil. Its Operating Income was ₩43,500 Mil. And its Long-Term Debt & Capital Lease Obligation was ₩32,197 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2024 )	/	Interest Expense (A: Dec. 2024 )
	=	-1	*	43499.6	/	-3045.929
	=	14.28

Soosan Industries Co's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the three months ended in Dec. 2024, Soosan Industries Co's Interest Expense was ₩-678 Mil. Its Operating Income was ₩10,635 Mil. And its Long-Term Debt & Capital Lease Obligation was ₩32,197 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	10634.996	/	-678.457
	=	15.68

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

Soosan Industries Co (XKRX:126720) 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 .

Soosan Industries Co Interest Coverage Related Terms

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

Soosan Industries Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Soosan Industries Co Ltd (XKRX:126720) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

47, Cheonilgo 3-gil, Seobuk-gu, Chungcheongnam-do, Cheonan-si, KOR

Website

https://www.soosanind.co.kr

Soosan Industries Co Ltd is a plant facilities and maintenance company that provides maintenance services for nuclear, thermal, new generation, electric work, plant construction, and related power generation facilities. The company provides services in various forms such as routine maintenance work, planned preventive maintenance work, and other construction work. Along with its subsidiaries, the company is also engaged in manufacturing and supplying MMIS, providing measurement and control services, and operating a solar power generation business. Its reportable segments are; Thermal and nuclear power plant maintenance business division, which generates a majority of the company's revenue, and the Solar power generation business division.

Soosan Industries Co Headlines

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