China Yongda Automobiles Services Holdings (HKSE:03669) Interest Coverage

: 2.10 (As of Dec. 2022)

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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. China Yongda Automobiles Services Holdings's Operating Income for the six months ended in Dec. 2022 was HK$355 Mil. China Yongda Automobiles Services Holdings's Interest Expense for the six months ended in Dec. 2022 was HK$-169 Mil. China Yongda Automobiles Services Holdings's interest coverage for the quarter that ended in Dec. 2022 was 2.10. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for China Yongda Automobiles Services Holdings's Interest Coverage or its related term are showing as below:

HKSE:03669' s Interest Coverage Range Over the Past 10 Years
Min: 1.87 Med: 2.28 Max: 4.82
Current: 2.46

HKSE:03669's Interest Coverage is ranked worse than
78.71% of 944 companies
in the Vehicles & Parts industry
Industry Median: 7.79 vs HKSE:03669: 2.46

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

China Yongda Automobiles Services Holdings Interest Coverage Historical Data

The historical data trend for China Yongda Automobiles Services Holdings'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.

* Premium members only.

China Yongda Automobiles Services Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Coverage

2.02

2.15

2.41

4.82

2.45

China Yongda Automobiles Services Holdings Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Interest Coverage																3.76	4.19	5.60	2.77	2.10

Competitive Comparison

For the Auto & Truck Dealerships subindustry, China Yongda Automobiles Services Holdings'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.

Annual Data Quarterly Data

China Yongda Automobiles Services Holdings Interest Coverage Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, China Yongda Automobiles Services Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where China Yongda Automobiles Services Holdings's Interest Coverage falls in comparison to its industry or sector. The grey bar indicates the Interest Coverage's extreme value range as defined by GuruFocus.

China Yongda Automobiles Services Holdings 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.

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

China Yongda Automobiles Services Holdings's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, China Yongda Automobiles Services Holdings's Interest Expense was HK$-357 Mil. Its Operating Income was HK$874 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$2,891 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2022 )	/	Interest Expense (A: Dec. 2022 )
	=	-1	*	873.551	/	-356.877
	=	2.45

China Yongda Automobiles Services Holdings's Interest Coverage for the quarter that ended in Dec. 2022 is calculated as

Here, for the six months ended in Dec. 2022, China Yongda Automobiles Services Holdings's Interest Expense was HK$-169 Mil. Its Operating Income was HK$355 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$2,891 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2022 )	/	Interest Expense (Q: Dec. 2022 )
	=	-1	*	354.853	/	-169.312
	=	2.10

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

China Yongda Automobiles Services Holdings (HKSE:03669) 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 .

China Yongda Automobiles Services Holdings Interest Coverage Related Terms

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China Yongda Automobiles Services Holdings (HKSE:03669) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » China Yongda Automobiles Services Holdings Ltd (HKSE:03669) » Definitions » Interest Coverage

Traded in Other Exchanges

CYYHF:USA 1CY:Germany

Address

299 Ruijin Nan Road, Huangpu District, Shanghai, CHN, 200023

Website

http://www.ydauto.com.cn

China Yongda Automobiles Services Holdings is a Chinese company involved in automobile sales service, automobile finance, and automobile rental. The company has four segments: new passenger vehicle sales, repair and maintenance services, automobile extension products and services, automobile finance and insurance product agency services, pre-owned vehicles, automobile rental services, and financial leasing and small loan services. The auto sales service sells luxury automobiles like Bentley, BMW, Audi, Lincoln, Infiniti, Porsche, Jaguar Land Rover, AstonMartin, and Cadillac.

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