Shanghai INT Medical Instruments Co (HKSE:01501) Interest Coverage : 44.84 (As of Dec. 2023)

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What is Shanghai INT Medical Instruments 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. Shanghai INT Medical Instruments Co's Operating Income for the six months ended in Dec. 2023 was HK$97.6 Mil. Shanghai INT Medical Instruments Co's Interest Expense for the six months ended in Dec. 2023 was HK$-2.2 Mil. Shanghai INT Medical Instruments Co's interest coverage for the quarter that ended in Dec. 2023 was 44.84. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Shanghai INT Medical Instruments Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Shanghai INT Medical Instruments Co's Interest Coverage or its related term are showing as below:

HKSE:01501' s Interest Coverage Range Over the Past 10 Years
Min: 42.53 Med: 165.94 Max: No Debt
Current: 50.54

HKSE:01501's Interest Coverage is ranked better than
66.27% of 424 companies
in the Medical Devices & Instruments industry
Industry Median: 19.77 vs HKSE:01501: 50.54

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

Shanghai INT Medical Instruments Co Interest Coverage Historical Data

The historical data trend for Shanghai INT Medical Instruments 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.

Shanghai INT Medical Instruments Co Interest Coverage Chart

Shanghai INT Medical Instruments Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

49.42

1,371.04

181.21

150.66

50.54

Shanghai INT Medical Instruments Co Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial								235.35	120.21	170.36	59.97	44.84

Competitive Comparison of Shanghai INT Medical Instruments Co's Interest Coverage

For the Medical Instruments & Supplies subindustry, Shanghai INT Medical Instruments 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.

Shanghai INT Medical Instruments Co's Interest Coverage Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Shanghai INT Medical Instruments Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Shanghai INT Medical Instruments Co's Interest Coverage falls into.

Shanghai INT Medical Instruments 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.

Shanghai INT Medical Instruments 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, Shanghai INT Medical Instruments Co's Interest Expense was HK$-3.5 Mil. Its Operating Income was HK$176.6 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$17.1 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	176.604	/	-3.494
	=	50.54

Shanghai INT Medical Instruments Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Shanghai INT Medical Instruments Co's Interest Expense was HK$-2.2 Mil. Its Operating Income was HK$97.6 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$17.1 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	97.567	/	-2.176
	=	44.84

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

Shanghai INT Medical Instruments Co (HKSE:01501) 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 .

Shanghai INT Medical Instruments Co Interest Coverage Related Terms

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

Shanghai INT Medical Instruments Co (HKSE:01501) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Shanghai INT Medical Instruments Co Ltd (HKSE:01501) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 925 Jin Yuan Yi Road, Block 2, Jiading District, Shanghai, CHN, 201803

Website

https://www.kdl-int.com

Shanghai INT Medical Instruments Co Ltd formerly Shanghai Kindly Medical Instruments Co Ltd is a manufacturer of cardiovascular interventional devices, which are mainly used in cardiovascular surgeries, and in particular, PCI procedures in China. It is engaged in the sales, manufacture, research, and development of cardiovascular interventional medical devices as well as related accessories and molds. It is also engaged in the research and development of other interventional and implantable medical devices, such as neurological interventional medical devices and endocardia implantable medical devices, among others. Geographically, it has operations in Mainland China, Europe, the United States, and Other countries.

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