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Shindo Eng Lab (XKRX:290520) Interest Coverage : 0 (At Loss) (As of Dec. 2024)


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What is Shindo Eng Lab 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. Shindo Eng Lab's Operating Income for the three months ended in Dec. 2024 was ₩-2,532 Mil. Shindo Eng Lab's Interest Expense for the three months ended in Dec. 2024 was ₩-15 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 Shindo Eng Lab's Interest Coverage or its related term are showing as below:


XKRX:290520's Interest Coverage is not ranked *
in the Industrial Products industry.
Industry Median: 15.91
* 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.


Shindo Eng Lab Interest Coverage Historical Data

The historical data trend for Shindo Eng Lab'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.

Shindo Eng Lab Interest Coverage Chart

Shindo Eng Lab Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Interest Coverage
Get a 7-Day Free Trial Premium Member Only - - - - -

Shindo Eng Lab Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 137.26 - - 82.06 -

Competitive Comparison of Shindo Eng Lab's Interest Coverage

For the Specialty Industrial Machinery subindustry, Shindo Eng Lab'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.


Shindo Eng Lab's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shindo Eng Lab's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Shindo Eng Lab's Interest Coverage falls into.


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Shindo Eng Lab 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.

Shindo Eng Lab'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, Shindo Eng Lab's Interest Expense was ₩-39 Mil. Its Operating Income was ₩-4,096 Mil. And its Long-Term Debt & Capital Lease Obligation was ₩260 Mil.

Shindo Eng Lab did not have earnings to cover the interest expense.

Shindo Eng Lab's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the three months ended in Dec. 2024, Shindo Eng Lab's Interest Expense was ₩-15 Mil. Its Operating Income was ₩-2,532 Mil. And its Long-Term Debt & Capital Lease Obligation was ₩260 Mil.

Shindo Eng Lab 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.


Shindo Eng Lab  (XKRX:290520) 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 .


Shindo Eng Lab Interest Coverage Related Terms

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


Shindo Eng Lab Business Description

Traded in Other Exchanges
N/A
Address
21 Mayu-ro 238beon-gil, Jeongwang 1, Gyeonggi-do, Siheung-si, KOR
Shindo Eng Lab Ltd is engaged in manufacturing display equipment with its original magnetic technology. Its product include OLED, LCD, Fuel cells and others. The firm's products are used in Manufacturing Mobile, IT & Display, Automobile, Special Display, and Energy & Vacuum Glass.

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